2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186

About

South Korea-Bulgaria Trade: In 2022, South Korea exported $217M to Bulgaria. The main products that South Korea exported to Bulgaria were Cars ($22.9M), Raw Aluminium ($21.8M), and Polyacetals ($18.9M). Over the past 5 years the exports of South Korea to Bulgaria have increased at an annualized rate of 8.3%, from $145M in 2017 to $217M in 2022.

In 2022, South Korea did not export any services to Bulgaria.

Bulgaria-South Korea Trade: In 2022, Bulgaria exported $193M to South Korea. The main products that Bulgaria exported to South Korea were Copper Plating ($35.6M), Wheat ($15.8M), and Lead Ore ($11.8M). Over the past 5 years the exports of Bulgaria to South Korea have increased at an annualized rate of 7.26%,  from $136M in 2017 to $193M in 2022.

In 2020, Bulgaria exported services to South Korea worth $6.28M, with Transportation ($2.4M), Computer and information services ($1.37M), and Other business services ($1.03M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $217M to Bulgaria. The main products exported from South Korea to Bulgaria were Cars ($22.9M), Raw Aluminium ($21.8M), and Polyacetals ($18.9M). During the last 5 years the exports of South Korea to Bulgaria have increased at an annualized rate of 8.3%, from $145M in 2017 to $217M in 2022.

In 2017, Bulgaria exported $193M to South Korea. The main products exported from Bulgaria to South Korea were Copper Plating ($35.6M), Wheat ($15.8M), and Lead Ore ($11.8M). During the last 5 years the exports of Bulgaria to South Korea have increased at an annualized rate of 7.26%, from $136M in 2022 to $193M in 2017.

Exports from South Korea (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from South Korea than Bulgaria included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Bulgaria than South Korea included Romania ($6.55B), Greece ($2.93B), and Serbia ($1.29B).

Difference in imports from Bulgaria (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Bulgaria

Flow
Scale

This chart compares trade between South Korea and Bulgaria by product, considering products traded by both, South Korea and Bulgaria.

During 2022, South Korea had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($61.6M), Machines ($54M), and Transportation ($31.3M).

During 2017, Bulgaria had a large net trade with South Korea in the exports of Metals ($40.4M), Machines ($33.5M), and Vegetable Products ($28.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Bulgaria+$19MCars
Top Product Potential Bulgaria South Korea+$10.2MWheat

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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Bilateral Service Trade

In 2020, Bulgaria exported services to South Korea worth $6.28M, with Transportation ($2.4M), Computer and information services ($1.37M), and Other business services ($1.03M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Bulgaria (Flag) (2022)

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