2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Bulgaria-Hong Kong Trade: In 2022, Bulgaria exported $105M to Hong Kong. The main products that Bulgaria exported to Hong Kong were Integrated Circuits ($64.1M), Medical Instruments ($7.51M), and Blank Audio Media ($4.56M). Over the past 5 years the exports of Bulgaria to Hong Kong have increased at an annualized rate of 8.3%, from $70.6M in 2017 to $105M in 2022.

In 2020, Bulgaria exported services to Hong Kong worth $20.7M, with Computer and information services ($9.48M), Other business services ($4.11M), and Royalties and license fees ($3.77M) being the largest in terms of value.

Hong Kong-Bulgaria Trade: In 2022, Hong Kong exported $259M to Bulgaria. The main products that Hong Kong exported to Bulgaria were Broadcasting Equipment ($55.2M), Computers ($40.6M), and Integrated Circuits ($22M). Over the past 5 years the exports of Hong Kong to Bulgaria have increased at an annualized rate of 20.1%,  from $103M in 2017 to $259M in 2022.

In 2022, Hong Kong did not export any services to Bulgaria.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $105M to Hong Kong. The main products exported from Bulgaria to Hong Kong were Integrated Circuits ($64.1M), Medical Instruments ($7.51M), and Blank Audio Media ($4.56M). During the last 5 years the exports of Bulgaria to Hong Kong have increased at an annualized rate of 8.3%, from $70.6M in 2017 to $105M in 2022.

In 2017, Hong Kong exported $259M to Bulgaria. The main products exported from Hong Kong to Bulgaria were Broadcasting Equipment ($55.2M), Computers ($40.6M), and Integrated Circuits ($22M). During the last 5 years the exports of Hong Kong to Bulgaria have increased at an annualized rate of 20.1%, from $103M in 2022 to $259M in 2017.

Exports from Bulgaria (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Hong Kong (Flag)

Bulgaria Exports

Hong Kong Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Hong Kong
Top Destination
China$23.4B

This map shows whether countries import more from Bulgaria or Hong Kong. Each country is colored based on the difference in imports they receive from Bulgaria and Hong Kong or the difference in the growth in imports.

In 2022, countries that imported more from Bulgaria than Hong Kong included Romania ($6.55B), Germany ($6.91B), and Italy ($3.85B).

In 2022, countries that imported more from Hong Kong than Bulgaria included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Hong Kong

Flow
Scale

This chart compares trade between Bulgaria and Hong Kong by product, considering products traded by both, Bulgaria and Hong Kong.

During 2022, Bulgaria had a large net trade with Hong Kong in the exports of Machines ($75.8M), Instruments ($10.3M), and Foodstuffs ($5.77M).

During 2017, Hong Kong had a large net trade with Bulgaria in the exports of Machines ($206M), Instruments ($14.2M), and Plastics and Rubbers ($6.85M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Hong Kong+$36.8MIntegrated Circuits
Top Product Potential Hong Kong Bulgaria+$12.9MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Hong Kong. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Hong Kong (Flag) (2022)

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