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2022
Flag → Flag
Exports $8.39MRnk 97 / 206
2022
Flag → Flag
Top Product $7.99MTug Boats
2022
Flag → Flag
Exports $18.1kRnk 59 / 80
2022
Flag → Flag
Top Product $17kElectrical Transformers
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

About

Bulgaria-Marshall Islands Trade: In 2022, Bulgaria exported $8.39M to Marshall Islands. The main products that Bulgaria exported to Marshall Islands were Tug Boats ($7.99M), Recreational Boats ($268k), and Water ($31.5k). Over the past 5 years the exports of Bulgaria to Marshall Islands have increased at an annualized rate of 184%, from $45.5k in 2017 to $8.39M in 2022.

In 2022, Bulgaria did not export any services to Marshall Islands.

Marshall Islands-Bulgaria Trade: In 2022, Marshall Islands exported $18.1k to Bulgaria. The main products that Marshall Islands exported to Bulgaria were Electrical Transformers ($17k) and Air Pumps ($1.16k). Over the past 5 years the exports of Marshall Islands to Bulgaria have decreased at an annualized rate of 6.76%,  from $48.4k in 2017 to $18.1k in 2022.

In 2022, Marshall Islands 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, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $8.39M to Marshall Islands. The main products exported from Bulgaria to Marshall Islands were Tug Boats ($7.99M), Recreational Boats ($268k), and Water ($31.5k). During the last 5 years the exports of Bulgaria to Marshall Islands have increased at an annualized rate of 184%, from $45.5k in 2017 to $8.39M in 2022.

In 2017, Marshall Islands exported $18.1k to Bulgaria. The main products exported from Marshall Islands to Bulgaria were Electrical Transformers ($17k) and Air Pumps ($1.16k). During the last 5 years the exports of Marshall Islands to Bulgaria have decreased at an annualized rate of 6.76%, from $48.4k in 2022 to $18.1k in 2017.

Exports from Bulgaria (Flag) to Marshall Islands (Flag) (2022)

Exports from Marshall Islands (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Marshall Islands (Flag)

Bulgaria Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Marshall Islands
Top DestinationGermany$327M

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

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

In 2022, countries that imported more from Marshall Islands than Bulgaria included Malta ($66.2M), Tanzania ($41M), and Rwanda ($10.3M).

Difference in imports from Marshall Islands (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Marshall Islands

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Marshall Islands in the exports of Transportation ($8.26M), Foodstuffs ($64.7k), and Machines ($26.5k).

During 2017, Marshall Islands had a large net trade with Bulgaria in the exports of Machines ($18.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Bulgaria (Flag) and Marshall Islands (Flag) (2022)

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