Bulgaria (BGR) and Iceland (ISL) Trade | The Observatory of Economic Complexity

About

Bulgaria-Iceland In 2022, Bulgaria exported $8.47M to Iceland. The main products that Bulgaria exported to Iceland are Packaged Medicaments ($688k), Cars ($559k), and Valves ($456k). During the last 27 years the exports of Bulgaria to Iceland have increased at an annualized rate of 11.3%, from $471k in 1995 to $8.47M in 2022.

In 2020, Bulgaria exported services to Iceland worth $2.86M, with Computer and information services ($1.83M), Other business services ($914k), and Travel ($114k) being the largest in terms of value.

Iceland-Bulgaria In 2022, Iceland exported $1.23M to Bulgaria. The main products that Iceland exported to Bulgaria were Non-fillet Frozen Fish ($592k), Fish Fillets ($287k), and Non-fillet Fresh Fish ($125k). During the last 27 years the exports of Iceland to Bulgaria have increased at an annualized rate of 8.63%, from $132k in 1995 to $1.23M in 2022.

In 2019, Iceland exported services to Bulgaria worth $5.93M, with Travel ($5.49M) and Transportation ($448k) being the largest in terms of value.

Comparison In 2022, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $8.47M to Iceland. The main products exported from Bulgaria to Iceland were Packaged Medicaments ($688k), Cars ($559k), and Valves ($456k). During the last 27 years the exports of Bulgaria to Iceland have increased at an annualized rate of 11.3%, from $471k in 1995 to $8.47M in 2022.

In 2022, Iceland exported $1.23M to Bulgaria. The main products exported from Iceland to Bulgaria were Non-fillet Frozen Fish ($592k), Fish Fillets ($287k), and Non-fillet Fresh Fish ($125k). During the last 27 years the exports of Iceland to Bulgaria have increased at an annualized rate of 8.63%, from $132k in 1995 to $1.23M in 2022.

Exports from Bulgaria () to Iceland () (2022)

Exports from Iceland () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Iceland ()

Bulgaria Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Iceland
Top DestinationNetherlands$1.97B

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

In 2021, countries that imported more from Bulgaria than Iceland were Romania ($6.55B), Germany ($6.91B), and Italy ($3.85B).

In 2021, countries that imported more from Iceland than Bulgaria were Netherlands ($1.97B), Norway ($459M), and Japan ($174M).

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

Comparative Advantage Bulgaria - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Iceland in the exports of Machines ($2.25M), Textiles ($1.27M), and Chemical Products ($1.23M).

During 2022, Iceland had a large net trade with Bulgaria in the exports of Animal Products ($1.05M), Instruments ($86.4k), and Animal and Vegetable Bi-Products ($29.8k).

Service Trade

Bilateral Service Trade

Isl Year

Bgr Year

In 2020, Bulgaria exported services to Iceland worth $2.86M, with Computer and information services ($1.83M), Other business services ($914k), and Travel ($114k) being the largest in terms of value.

In 2019, Iceland exported services to Bulgaria worth $5.93M, with Travel ($5.49M) and Transportation ($448k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to Iceland () (2020)

Services Exports from Iceland () to Bulgaria () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Bulgaria has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Bulgaria.

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Iceland () (2022)

Exports from Iceland () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Iceland ()

Bulgaria Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Iceland

Service Trade

Bilateral Service Trade

Services Exports from Bulgaria () to Iceland () (2020)

Services Exports from Iceland () to Bulgaria () (2019)

Economic Complexity

Competitive Landscape

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

Keep Exploring