Ghana (GHA) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Ghana-Bulgaria Trade: In 2022, Ghana exported $10.3M to Bulgaria. The main products that Ghana exported to Bulgaria were Scrap Copper ($7.44M), Cocoa Paste ($2.52M), and Rubber ($145k). Over the past 5 years the exports of Ghana to Bulgaria have decreased at an annualized rate of 15.6%, from $24M in 2017 to $10.3M in 2022.

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

Bulgaria-Ghana Trade: In 2022, Bulgaria exported $8.38M to Ghana. The main products that Bulgaria exported to Ghana were Nitrogenous Fertilizers ($6.47M), Motor vehicles; parts and accessories (8701 to 8705) ($358k), and Other Headwear ($357k). Over the past 5 years the exports of Bulgaria to Ghana have decreased at an annualized rate of 8.93%, from $13.4M in 2017 to $8.38M in 2022.

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

Comparison: In 2022, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $10.3M to Bulgaria. The main products exported from Ghana to Bulgaria were Scrap Copper ($7.44M), Cocoa Paste ($2.52M), and Rubber ($145k). During the last 5 years the exports of Ghana to Bulgaria have decreased at an annualized rate of 15.6%, from $24M in 2017 to $10.3M in 2022.

In 2017, Bulgaria exported $8.38M to Ghana. The main products exported from Bulgaria to Ghana were Nitrogenous Fertilizers ($6.47M), Motor vehicles; parts and accessories (8701 to 8705) ($358k), and Other Headwear ($357k). During the last 5 years the exports of Bulgaria to Ghana have decreased at an annualized rate of 8.93%, from $13.4M in 2022 to $8.38M in 2017.

Exports from Ghana () to Bulgaria () (2022)

Exports from Bulgaria () to Ghana () (2022)

Latest Data

Trade between Ghana () and Bulgaria ()

Ghana Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Ghana than Bulgaria included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

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

Difference in imports from Bulgaria () and Ghana () (2022)

Comparative Advantage Ghana - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Bulgaria in the exports of Metals ($7.44M), Foodstuffs ($2.52M), and Plastics and Rubbers ($269k).

During 2017, Bulgaria had a large net trade with Ghana in the exports of Chemical Products ($6.51M), Transportation ($394k), and Footwear and Headwear ($357k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Bulgaria+$491kCocoa Paste

Top Product Potential Bulgaria Ghana+$488kMotor vehicles; parts and accessories (8701 to 8705)

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Bulgaria () (2022)

Exports from Bulgaria () to Ghana () (2022)

Latest Data

Trade between Ghana () and Bulgaria ()

Ghana Exports

Bulgaria Exports

Market Competitiveness

Difference in imports from Bulgaria () and Ghana () (2022)

Comparative Advantage Ghana - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Bulgaria () (2022)

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