Bulgaria (BGR) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Bulgaria-Nigeria In 2022, Bulgaria exported $47.9M to Nigeria. The main products that Bulgaria exported to Nigeria are Refined Petroleum ($24.3M), Explosive Ammunition ($8.7M), and Carbonates ($3.6M). During the last 26 years the exports of Bulgaria to Nigeria have increased at an annualized rate of 7.71%, from $6.95M in 1996 to $47.9M in 2022.

In 2020, Bulgaria exported services to Nigeria worth $3.08M, with Other business services ($2.28M), Computer and information services ($457k), and Travel ($343k) being the largest in terms of value.

Nigeria-Bulgaria In 2022, Nigeria exported $8.43M to Bulgaria. The main products that Nigeria exported to Bulgaria were Cocoa Beans ($4.08M), Polyacetals ($1.52M), and Cocoa Shells ($731k). During the last 26 years the exports of Nigeria to Bulgaria have increased at an annualized rate of 8.89%, from $920k in 1996 to $8.43M in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $47.9M to Nigeria. The main products exported from Bulgaria to Nigeria were Refined Petroleum ($24.3M), Explosive Ammunition ($8.7M), and Carbonates ($3.6M). During the last 26 years the exports of Bulgaria to Nigeria have increased at an annualized rate of 7.71%, from $6.95M in 1996 to $47.9M in 2022.

In 2022, Nigeria exported $8.43M to Bulgaria. The main products exported from Nigeria to Bulgaria were Cocoa Beans ($4.08M), Polyacetals ($1.52M), and Cocoa Shells ($731k). During the last 26 years the exports of Nigeria to Bulgaria have increased at an annualized rate of 8.89%, from $920k in 1996 to $8.43M in 2022.

Exports from Bulgaria () to Nigeria () (2022)

Exports from Nigeria () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Nigeria ()

Bulgaria Exports

Date

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Nigeria
Top DestinationSpain$9.41B

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

In 2021, countries that imported more from Bulgaria than Nigeria were Romania ($6.55B), Germany ($6.91B), and Greece ($2.93B).

In 2021, countries that imported more from Nigeria than Bulgaria were Spain ($9.41B), India ($8.2B), and Indonesia ($3.83B).

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

Comparative Advantage Bulgaria - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Nigeria in the exports of Mineral Products ($24.3M), Weapons ($12.2M), and Machines ($4.24M).

During 2022, Nigeria had a large net trade with Bulgaria in the exports of Foodstuffs ($4.81M), Plastics and Rubbers ($1.67M), and Textiles ($934k).

Service Trade

Bilateral Service Trade

Bgr Year

In 2020, Bulgaria exported services to Nigeria worth $3.08M, with Other business services ($2.28M), Computer and information services ($457k), and Travel ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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 Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over Bulgaria.

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Nigeria () (2022)

Exports from Nigeria () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Nigeria ()

Bulgaria Exports

Nigeria Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Nigeria

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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