World Trade Indicators 2009/10

Bulgaria: Trade-at-a-Glance Table

2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs
(millions) per capita in World Trade per capita GATT WTO Goods Services
$49,900 $6,546 0.19% $9,543 No 1996 27 5

TRADE PERFORMANCE Bulgaria

ECA
Ranking Decile
Upper mid
TRADE POLICY (TP) (out of 125) 25 2 inc

EXTERNAL ENVIRONMENT (EE) (out of 125) 82 7

INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 44 3
TRADE FACILITATION (TF) (out of 155) 63 5
TRADE OUTCOME (TO) (out of 157) 18 2

Outer bound represents best value in latest year

Rankings are based on the representative indicators (in bold) in each group below for the latest year

TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest

Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) .. 5.0 4.1 *
TTRI (applied tariff including preferences) .. 3.4 1.8 * MFN applied tariff (spl
avg)
OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. 6.4 6.4 *
MFN applied tariff - simple avg (%) .. 10.8 7.0 5.5
TTRI (MFN)
Dispersion (coefficient of variation) .. 1.1 1.6 2.0
Maximum rate (excl. alcohol and tobacco) .. .. 188.2 228.8
Agriculture - simple avg (%) .. 19.4 17.3 16.7 MFN applied tariff (wgt
avg)

Nonagriculture - simple avg (%) .. 9.6 5.5 3.8

MFN applied tariff - trade weighted avg (%) .. 10.1 5.4 3.2
Applied tariff (wgt avg)
Applied tariff (incl. prefs.) - trade weighted avg (%) .. 8.3 2.1 2.1
Agriculture .. 22.9 9.8 10.1
Import duties
Nonagriculture .. 7.2 1.7 1.6
Applied tariff (incl. prefs.) - production weighted avg (%) .. 9.8 7.5 *
0 10 20 30
MFN applied tariff escalation (finished % minus raw %) .. 1.8 1.0 *
Bulgaria ECA Upper mid inc
Agriculture .. .. 15.3 16.5
Nonagriculture .. .. 2.5 0.9
Import duties (% of imports) 3.6 1.1 1.1 1.1 *
Tariff overhang (MFN bound minus MFN applied rate,%) .. 13.8 0.1 0.0 GATS
commit.
Bound tariff frequency ratio (% of total lines) .. 100.0 100.0 100.0 index
Non-ad valorem tariff frequency ratio (%) .. 1.1 8.4 10.5
Non-tariff measures frequency ratio (%) .. .. .. .. 0 40 80

Anti-dumping initiations 0.0 0.2 7.0 19.0 Bulgaria ECA Upper mid inc

Overall GATS commitment index (0-100, best) .. 36.07 36.07 *

EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest

Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 3.2 4.4 *
MA-TTRI
MA-OTRI (applied tariff incl. prefs. and NTMs) 9.0 9.1 *
ROW applied tariff (incl. prefs.) - trade weighted avg (%) 7.5 4.0 3.1 3.6
ROW applied(wgt avg)
Agriculture 20.5 16.6 13.3 14.7
Nonagriculture 5.4 2.5 2.2 2.9
MFN zero duty exports (%)
MFN zero-duty exports (% of total exports) 17.0 21.8 38.9 46.0 *
Exports to FTA / CU partners (% of total exports) 0.0 7.5 42.7 75.0
Bulgaria
0ECA Upper mid inc
1
Anti-dumping initiations faced 1.4 0.8 1.5 2.0
All numbers normalized to a 0 to 1 scale
Real effective exchange rate (% change,+ =apprec.) 8.1 4.3 5.1 9.3
All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti.

^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *).

EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and
Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value.
World Trade Indicators 2009/10 Trade-at-a-Glance Tables

INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009

Ease of Doing Business (rank out of 183) .. 44 42 44
Ease of
Starting a business (rank) .. 103 81 50 Doing 160
Business
Enforcing contracts (rank) .. 93 87 87 Rank

Closing a business (rank) .. 75 78 78

80
World Governance Indicators (WGI) 2005 2006 2007 2008 Bulgaria

Regulatory Quality (-2.5 to +2.5, best) 0.64 0.53 0.61 0.75 ECA

Rule of Law (-2.5 to +2.5, best) -0.18 -0.19 -0.14 -0.12 Upper mid inc
0

Control of Corruption (-2.5 to +2.5, best) 0.08 -0.04 -0.19 -0.17

TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest

Logistics Performance Index (LPI, 1 to 5 best) .. .. 2.9 2.8
Efficiency of customs and other border procedures .. .. 2.5 2.5
Quality of transport and IT infrastructure .. .. 2.5 2.3 Logistics
Performance
Ease of arranging competitively-priced shipments .. .. 2.8 3.1 Index

Logistics competence .. .. 2.9 2.9

Ability to track and trace shipments .. .. 3.1 3.0
0 2 4
Timeliness of shipments .. .. 3.6 3.2
Bulgaria ECA Upper mid inc
Trading Across Borders (Doing Business, rank out of 183) 105 106
No. of documents required for export .. .. 6 5
200
No. of days required to export .. .. 25 23
160
Cost to export (US$ per container) .. .. 1,355 1,551
120
No. of documents required for import .. .. 9 7 80

No. of days required to import .. .. 23 21 40

Cost to import (US$ per container) .. .. 1,389 1,666 0

Telephones (fixed + mobile) per 100 people 33.9 69.4 144.9 169.1 Trading Across Borders
Rank
Internet users per 100 people 1.3 10.0 24.9 30.9 * Bulgaria ECA Upper mid inc

Export credit insured exposures - short term (% of goods export) .. 34.6 45.4
TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest
Real growth in trade of goods and services (%) ## 9.1 12.8 10.9 13.0 Real Trade Growth Rate
14
13.0
Exports 7.4 11.6 9.0 13.6 12
12.8

11.1 10.9
10.4
Imports 11.1 13.9 12.4 12.4 10
9.1
8.6
8 8.2
Goods 11.4 13.4 13.8 7.8 6.5
6.4 6.4
6 5.8
Services 1.0 10.9 4.4 3.7 4

Nominal growth in trade of goods and services (%) 4.2 20.9 24.0 23.0 2

0
Exports 3.1 20.1 21.7 22.0
1995-99 2000-04 2005-07 2008
Imports 5.4 21.7 25.8 23.8 Bulgaria
ECA
Trade integration (trade as % of GDP) 106.0 114.7 144.4 145.8 Upper mid inc

Goods balance (% GDP) -1.0 -11.9 -23.3 -25.8

Export Composition (2005-08)
Food balance (% GDP) 2.9 1.0 0.6 0.5
Oth com
Services balance (% GDP) 1.9 2.9 3.1 2.6 Travel ,
13.2
ser, 5.5

Goods share of total exports (%) 75.0 70.3 73.7 73.8 Agric, 8.1

Services share of total exports (%) 25.0 29.7 26.3 26.2

Transport
Goods exports as a share of world goods exports (rank)** 67 68 66 64 , 7.6

Services exports as share of world services exports (rank)** 64 57 56 56

Foreign Direct Investment (FDI) inflows (% of GDP) 3.4 8.2 22.1 18.4 Manufac,
41.2
Total remittances inflows (% GDP) 0.4 4.8 5.5 5.3
Export product concentration index (0-100, most) 9.4 11.4 13.7 13.2 *
Minral, Fuels, 9.0
12.8
Export market concentration index (0-100, most) 23.4 25.4 20.5 16.6
Top 5 export markets (shares) Greece (10%), Germany (9%), Turkey (9%), Italy (8%), Romania (7%)

Top 5 import markets (shares) Russian (15%), Germany (12%), Italy (8%), Ukraine (7%), Romania (6%)

Top 5 export products (SITC 3 digit-shares) 334-Hvy petrol (14%), 682-Copper (11%), 842-Women cloth wven (3%), 351-Elec current (3%), 673-Flat rolled iron/st prod (2%)

Top 5 import products (SITC 3 digit-shares) 333-Petrol, crude (5%), 781-Cars (5%), 343-Natural gas (4%), 283-Copper ores, conc. (3%), 334-Hvy petrol. (3%)

^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *).
# Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE.

## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.