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2022
Flag → Flag
Exports $321kRnk 44 / 105
2022
Flag → Flag
Top Product $321kCoffee
2022
Flag → Flag
Exports $5.3MRnk 107 / 206
2022
Flag → Flag
Top Product $3.71MDocuments of title (bonds etc) and unused stamps
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Guinea-Bulgaria Trade: In 2022, Guinea exported $321k to Bulgaria. The main products that Guinea exported to Bulgaria were Coffee ($321k). Over the past 7 years the exports of Guinea to Bulgaria have increased at an annualized rate of 65.2%, from $9.56k in 2015 to $321k in 2022.

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

Bulgaria-Guinea Trade: In 2022, Bulgaria exported $5.3M to Guinea. The main products that Bulgaria exported to Guinea were Documents of title (bonds etc) and unused stamps ($3.71M), Electrical Capacitors ($382k), and Forging Machines ($354k). Over the past 7 years the exports of Bulgaria to Guinea have increased at an annualized rate of 28.7%,  from $1.5M in 2015 to $5.3M in 2022.

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

Comparison: In 2022,  Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B). 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, Guinea exported $321k to Bulgaria. The main products exported from Guinea to Bulgaria were Coffee ($321k). During the last 7 years the exports of Guinea to Bulgaria have increased at an annualized rate of 65.2%, from $9.56k in 2015 to $321k in 2022.

In 2017, Bulgaria exported $5.3M to Guinea. The main products exported from Bulgaria to Guinea were Documents of title (bonds etc) and unused stamps ($3.71M), Electrical Capacitors ($382k), and Forging Machines ($354k). During the last 5 years the exports of Bulgaria to Guinea have increased at an annualized rate of 28.7%, from $1.5M in 2022 to $5.3M in 2017.

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

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

Latest Data

Trade between Guinea (Flag) and Bulgaria (Flag)

Bulgaria Exports

Market Competitiveness

Color
Guinea
Top DestinationChina$3.81B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Guinea than Bulgaria included China ($3.81B), United Arab Emirates ($2.59B), and India ($2.77B).

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

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

Comparative Advantage Guinea - Bulgaria

Flow
Scale

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

During 2022, Guinea had a large net trade with Bulgaria in the exports of Vegetable Products ($321k).

During 2017, Bulgaria had a large net trade with Guinea in the exports of Paper Goods ($3.74M), Machines ($1.12M), and Textiles ($185k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guinea Bulgaria+$226kCoffee
Top Product Potential Bulgaria Guinea+$144kElectric Batteries

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 Guinea and Bulgaria. This means that a dot/product with the flag of Guinea indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Guinea.

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

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