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Explore the trade trends between Pakistan and Bulgaria from 2014 to 2018. Discover the top exports and imports, trade balance, and the theoretical potential for additional trade between the two countries.
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BULGARIA WAS PAKISTAN’S NINETY-THIRD LARGEST EXPORT DESTINATION IN 2018
BULGARIA WAS THE 22nd LARGEST EXPORT DESTINATION WITHIN THE EU IN 2018 • The EU is Pakistan’s largest export market representing 34% of exports • Bulgaria accounted for 0.2% of total EU exports from Pakistan in 2018.
WITHIN THE EU, BULGARIA WAS THE 19th HIGHEST EXPORTER TO PAKISTAN IN 2018 • EU is Pakistan’s 3rd largest import partner after China and UAE. • Imports from the EU stood at $5.46 billion in 2018. • Bulgaria accounts for 0.3% of Pakistan’s imports from the EU and 0.03% of total imports from the world.
PAKISTAN BULGARIA TradeTrends • Bilateral trade remained the same of US$ 33 mn as in 2014 till 2018. • Pakistan’s exports to Bulgaria fell by 20% during this period of five years. • Meanwhile, Bulgaria’s exports to Pakistan rose by 31%during the last five years. • The trade balance between the two countries has gone in favor of Bulgaria.
Pakistan’s Theoretical Potential* for Additional Exports to Bulgaria, 2017 Top 10 Potential Products (HS 06). Aggregate Theoretical Potential $1 Bn *Theoretical potential from diverting Pakistan’s existing exports from other countries to meet Bulgaria’s imports, ignoring competitiveness and tariffs
Pakistan’s Theoretical Potential* for Additional Imports from Bulgaria, 2017 Top 10 Potential Products (HS 06). Aggregate theoretical potential is $3.3 BN *Theoretical potential from switching imports from existing sources to Bulgaria exporters, ignoring competitiveness and tariffs