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2022
Flag → Flag
Exports $5.72MRnk 96 / 194
2022
Flag → Flag
Top Product $1.77MTea
2022
Flag → Flag
Exports $5.87MRnk 103 / 206
2022
Flag → Flag
Top Product $2.15MSpice Seeds
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Sri Lanka-Bulgaria Trade: In 2022, Sri Lanka exported $5.72M to Bulgaria. The main products that Sri Lanka exported to Bulgaria were Tea ($1.77M), Bicycles, delivery tricycles, other cycles ($861k), and Coconut Oil ($494k). Over the past 5 years the exports of Sri Lanka to Bulgaria have increased at an annualized rate of 16.8%, from $2.63M in 2017 to $5.72M in 2022.

In 2022, Sri Lanka did not export any services to Bulgaria.

Bulgaria-Sri Lanka Trade: In 2022, Bulgaria exported $5.87M to Sri Lanka. The main products that Bulgaria exported to Sri Lanka were Spice Seeds ($2.15M), Carbonates ($1.32M), and Kaolin ($509k). Over the past 5 years the exports of Bulgaria to Sri Lanka have decreased at an annualized rate of 5.55%,  from $7.82M in 2017 to $5.87M in 2022.

In 2022, Bulgaria did not export any services to Sri Lanka.

Comparison: In 2022,  Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). 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, Sri Lanka exported $5.72M to Bulgaria. The main products exported from Sri Lanka to Bulgaria were Tea ($1.77M), Bicycles, delivery tricycles, other cycles ($861k), and Coconut Oil ($494k). During the last 5 years the exports of Sri Lanka to Bulgaria have increased at an annualized rate of 16.8%, from $2.63M in 2017 to $5.72M in 2022.

In 2017, Bulgaria exported $5.87M to Sri Lanka. The main products exported from Bulgaria to Sri Lanka were Spice Seeds ($2.15M), Carbonates ($1.32M), and Kaolin ($509k). During the last 5 years the exports of Bulgaria to Sri Lanka have decreased at an annualized rate of 5.55%, from $7.82M in 2022 to $5.87M in 2017.

Exports from Sri Lanka (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Sri Lanka (Flag) (2022)

Latest Data

Trade between Sri Lanka (Flag) and Bulgaria (Flag)

Sri Lanka Exports

Date

Bulgaria Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Sri Lanka than Bulgaria included United States ($3.52B), India ($1.12B), and Canada ($429M).

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

Difference in imports from Bulgaria (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - Bulgaria

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Bulgaria in the exports of Vegetable Products ($2.46M), Transportation ($883k), and Foodstuffs ($640k).

During 2017, Bulgaria had a large net trade with Sri Lanka in the exports of Vegetable Products ($2.34M), Chemical Products ($1.95M), and Mineral Products ($540k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Bulgaria+$632kRubber Tires
Top Product Potential Bulgaria Sri Lanka+$550kPackaged Medicaments

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

Product Space of Sri Lanka (Flag) and Bulgaria (Flag) (2022)

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