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2022
Flag → Flag
Exports $85.9MRnk 40 / 205
2022
Flag → Flag
Top Product $77.6MIntegrated Circuits
2022
Flag → Flag
Exports $43.1MRnk 73 / 206
2022
Flag → Flag
Top Product $25.3MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Philippines-Bulgaria Trade: In 2022, Philippines exported $85.9M to Bulgaria. The main products that Philippines exported to Bulgaria were Integrated Circuits ($77.6M), Semiconductor Devices ($2.2M), and Bi-Wheel Vehicle Parts ($1.15M). Over the past 5 years the exports of Philippines to Bulgaria have decreased at an annualized rate of 0.33%, from $87.4M in 2017 to $85.9M in 2022.

In 2022, Philippines did not export any services to Bulgaria.

Bulgaria-Philippines Trade: In 2022, Bulgaria exported $43.1M to Philippines. The main products that Bulgaria exported to Philippines were Integrated Circuits ($25.3M), Medical Instruments ($5.15M), and Pesticides ($1.5M). Over the past 5 years the exports of Bulgaria to Philippines have decreased at an annualized rate of 9.09%,  from $69.4M in 2017 to $43.1M in 2022.

In 2020, Bulgaria exported services to Philippines worth $6.05M, with Travel ($3.54M), Other business services ($1.6M), and Transportation ($685k) being the largest in terms of value.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $4.32M and imported $5.94M from Bulgaria, resulting in a negative trade balance of $1.62M. Between June 2023 and June 2024 the exports of Philippines have decreased by $-5.19M (-54.6%) from $9.51M to $4.32M, while imports increased by $2.84M (91.2%) from $3.11M to $5.94M.

Trade In June 2024, the top exports of Philippines to Bulgaria were Commodities not elsewhere specified ($5.08M), Integrated Circuits ($1.19M), Coconut Oil ($87.1k), Semiconductor Devices ($23.3k), and Electrical Transformers ($14.4k). In June 2024 the top imports of Philippines from Bulgaria were Commodities not elsewhere specified ($3.59M), Medical Instruments ($243k), Pesticides ($212k), Animal Food ($90k), and Therapeutic Appliances ($57.5k).

Growth In June 2024, the decrease in Philippines's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Integrated Circuits ($-2.62M or -68.7%), Bi-Wheel Vehicle Parts ($-422k or -97%), and Other Rubber Products ($-18.3k or -61.5%). In June 2024, the increase in Philippines's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Commodities not elsewhere specified ($2.02M or 129%), Medical Furniture ($11.7k or 676%), and Ball Bearings ($6.02k or 12.3k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$-5.19M(-54.6%)
IMPORT GROWTH (June 2023 - June 2024)$2.84M(91.2%)

This section shows exports and imports data at subnational level for Philippines. Click any date in the line plot or any product to explore the exports or imports behavior of Philippines over time.

To check Bulgaria and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $85.9M to Bulgaria. The main products exported from Philippines to Bulgaria were Integrated Circuits ($77.6M), Semiconductor Devices ($2.2M), and Bi-Wheel Vehicle Parts ($1.15M). During the last 5 years the exports of Philippines to Bulgaria have decreased at an annualized rate of 0.33%, from $87.4M in 2017 to $85.9M in 2022.

In 2017, Bulgaria exported $43.1M to Philippines. The main products exported from Bulgaria to Philippines were Integrated Circuits ($25.3M), Medical Instruments ($5.15M), and Pesticides ($1.5M). During the last 5 years the exports of Bulgaria to Philippines have decreased at an annualized rate of 9.09%, from $69.4M in 2022 to $43.1M in 2017.

Exports from Philippines (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Philippines than Bulgaria included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Bulgaria than Philippines included Romania ($6.55B), Italy ($3.85B), and Greece ($2.93B).

Difference in imports from Bulgaria (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Bulgaria

Flow
Scale

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

During 2022, Philippines had a large net trade with Bulgaria in the exports of Machines ($82.6M), Transportation ($1.17M), and Plastics and Rubbers ($735k).

During 2017, Bulgaria had a large net trade with Philippines in the exports of Machines ($28.5M), Instruments ($5.73M), and Chemical Products ($2.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Bulgaria+$19.8MIntegrated Circuits
Top Product Potential Bulgaria Philippines+$9.83MIntegrated Circuits

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 Philippines worth $6.05M, with Travel ($3.54M), Other business services ($1.6M), and Transportation ($685k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Philippines (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and Bulgaria (Flag) (2022)

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