{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:12.764Z",
  "seo": {
    "title": "Bulgaria exports to Argentina: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Bulgaria to Argentina, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "BGR",
    "country_name": "Bulgaria"
  },
  "importer": {
    "iso3": "ARG",
    "country_name": "Argentina"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "BGR",
    "importer_iso3": "ARG",
    "all_history_lane_count": 78,
    "current_lane_count": 44,
    "current_product_count": 44,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 9652099.206176205,
    "attention_trade_usd": 1246761.445400808,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 4743614.745573293,
    "unrecovered_drawdown_trade_usd": 3741179.59884605,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 1556716.2033295014,
    "access_friction_trade_usd": 9652099.206176205,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 1,
    "high_volatility_lane_count": 23,
    "unrecovered_drawdown_lane_count": 17,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 7,
    "access_friction_lane_count": 44,
    "trade_weighted_volatility_cv": 1.0606069517260037,
    "trade_weighted_below_peak_pct": 33.386909727297486,
    "product_concentration_hhi": 569.4443089687229,
    "top1_product_share_pct": 12.916997834036225,
    "top3_product_share_pct": 31.50334793862871,
    "top_product_hs6": "853710",
    "top_product_trade_usd": 1246761.445400808,
    "top_product_description": "Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts",
    "top_attention_product_hs6": "853710",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 11954.841796875,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.02489704079926014,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 13.764949441818183,
    "avg_mfn_tariff_pct": 13.766198483434344,
    "avg_preferential_tariff_pct": 6.1703788340909105,
    "tariff_advantage_pp": 7.595819649343433,
    "buyer_biz_entry_days": 11.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 491492.700657,
    "buyer_gdp_pc_latest": 10729,
    "buyer_population_latest": 45808.746,
    "buyer_gdp_5y_cagr_pct": 7.350939111718491,
    "buyer_gdp_pc_5y_cagr_pct": 7.009215081112341,
    "buyer_population_5y_cagr_pct": 0.319340750557906,
    "buyer_investment_5y_avg_pct": 17.376,
    "buyer_savings_5y_avg_pct": 16.572,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 12.916997834036225,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction",
    "buyer_gdp_mn_2024": 491492.700657,
    "buyer_gdp_pc_2024": 10729,
    "buyer_population_2024": 45808.746
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 19737400.38375427,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 20919407.059656013,
      "yoy_growth_pct": 5.988664428546775,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 17909052.92968826,
      "yoy_growth_pct": -14.390245963392301,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 6205298.1965004,
      "yoy_growth_pct": -65.35105334233654,
      "cagr_3y_pct": -32.0028200176366
    },
    {
      "year": 1999,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 2617977.7698975606,
      "yoy_growth_pct": -57.81060495410163,
      "cagr_3y_pct": -49.98055584837404
    },
    {
      "year": 2000,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 3263138.6576218167,
      "yoy_growth_pct": 24.643482276379338,
      "cagr_3y_pct": -43.30810560941435
    },
    {
      "year": 2001,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 2737380.3478457085,
      "yoy_growth_pct": -16.112043187257086,
      "cagr_3y_pct": -23.875550875138863
    },
    {
      "year": 2002,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 1261014.6414725916,
      "yoy_growth_pct": -53.933524712230884,
      "cagr_3y_pct": -21.611673737160753
    },
    {
      "year": 2003,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 3169087.73750495,
      "yoy_growth_pct": 151.31252511105998,
      "cagr_3y_pct": -0.970121798440926
    },
    {
      "year": 2004,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 4082290.942495619,
      "yoy_growth_pct": 28.815964739103173,
      "cagr_3y_pct": 14.250015970168528
    },
    {
      "year": 2005,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 4042866.0304781757,
      "yoy_growth_pct": -0.9657545866474049,
      "cagr_3y_pct": 47.453948675732384
    },
    {
      "year": 2006,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 9147256.20178908,
      "yoy_growth_pct": 126.25672314714755,
      "cagr_3y_pct": 42.38105067773721
    },
    {
      "year": 2007,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 23627543.12507376,
      "yoy_growth_pct": 158.30197169346297,
      "cagr_3y_pct": 79.54426482743835
    },
    {
      "year": 2008,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 30678083.468739454,
      "yoy_growth_pct": 29.840344831213518,
      "cagr_3y_pct": 96.50772366398996
    },
    {
      "year": 2009,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 5697102.622596218,
      "yoy_growth_pct": -81.42940503958962,
      "cagr_3y_pct": -14.600682522589082
    },
    {
      "year": 2010,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 8869450.96450991,
      "yoy_growth_pct": 55.6835386698375,
      "cagr_3y_pct": -27.86278178918977
    },
    {
      "year": 2011,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 34565727.85995469,
      "yoy_growth_pct": 289.71665775328694,
      "cagr_3y_pct": 4.057285843478553
    },
    {
      "year": 2012,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 8097967.930025861,
      "yoy_growth_pct": -76.57226266770569,
      "cagr_3y_pct": 12.436504798324588
    },
    {
      "year": 2013,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 13526649.621677348,
      "yoy_growth_pct": 67.03757953304405,
      "cagr_3y_pct": 15.105966172325802
    },
    {
      "year": 2014,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 7773480.794543784,
      "yoy_growth_pct": -42.532105052190694,
      "cagr_3y_pct": -39.18790837469792
    },
    {
      "year": 2015,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 9765188.808916535,
      "yoy_growth_pct": 25.62182974415701,
      "cagr_3y_pct": 6.439182603538307
    },
    {
      "year": 2016,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 13526440.150578657,
      "yoy_growth_pct": 38.51693413472708,
      "cagr_3y_pct": -0.0005161962639999018
    },
    {
      "year": 2017,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 37716348.5436681,
      "yoy_growth_pct": 178.8342544217342,
      "cagr_3y_pct": 69.29262413230734
    },
    {
      "year": 2018,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 15881081.892893303,
      "yoy_growth_pct": -57.89337381240356,
      "cagr_3y_pct": 17.597966906915087
    },
    {
      "year": 2019,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 13972763.85991399,
      "yoy_growth_pct": -12.016297415060084,
      "cagr_3y_pct": 1.0879993470130689
    },
    {
      "year": 2020,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 11921631.711084757,
      "yoy_growth_pct": -14.679501989679078,
      "cagr_3y_pct": -31.880933634182497
    },
    {
      "year": 2021,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 25600007.748212293,
      "yoy_growth_pct": 114.73577081239101,
      "cagr_3y_pct": 17.25193102027689
    },
    {
      "year": 2022,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 23332070.178788755,
      "yoy_growth_pct": -8.859128449216636,
      "cagr_3y_pct": 18.637954861057395
    },
    {
      "year": 2023,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 14157076.112427011,
      "yoy_growth_pct": -39.32353192861024,
      "cagr_3y_pct": 5.8959348265235745
    },
    {
      "year": 2024,
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "export_value_usd": 13320077.982913882,
      "yoy_growth_pct": -5.912224550226275,
      "cagr_3y_pct": -19.56923052962607
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "853710",
      "hs_description": "Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts",
      "buyer_imports_latest_usd": 205671563.54799637,
      "current_below_peak_pct": 5.4048510356021175,
      "lane_volatility_cv": 1.6080975504750032,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "121190",
      "hs_description": "Plants and parts (including seeds and fruits) n.e.c. in heading no. 1211, of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered",
      "buyer_imports_latest_usd": 10044189.241940912,
      "current_below_peak_pct": 8.995957750695489,
      "lane_volatility_cv": 0.7939815769150492,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "350790",
      "hs_description": "Enzymes and prepared enzymes: other than rennet and concentrates thereof",
      "buyer_imports_latest_usd": 54716765.37001704,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.6830500824055366,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "853650",
      "hs_description": "Electrical apparatus: switches n.e.c. in heading no. 8536, for a voltage not exceeding 1000 volts",
      "buyer_imports_latest_usd": 96968391.75343984,
      "current_below_peak_pct": 51.65054470765945,
      "lane_volatility_cv": 1.4241770673526377,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "280700",
      "hs_description": "Sulphuric acid: oleum",
      "buyer_imports_latest_usd": 14237387.58267176,
      "current_below_peak_pct": 84.7231811015866,
      "lane_volatility_cv": 1.4881947339138513,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "380892",
      "hs_description": "Fungicides: not containing substances of 3808.50: put up in forms or packings for retail sale or as preparations or articles",
      "buyer_imports_latest_usd": 106165047.26027402,
      "current_below_peak_pct": 42.669963314100116,
      "lane_volatility_cv": 0.4533751779637956,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "901890",
      "hs_description": "Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018",
      "buyer_imports_latest_usd": 125967884.26874024,
      "current_below_peak_pct": 76.6289560837108,
      "lane_volatility_cv": 1.318121287940378,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "903290",
      "hs_description": "Regulating or controlling instruments and apparatus: automatic, parts and accessories",
      "buyer_imports_latest_usd": 33477792.851458196,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.236768296506542,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "841229",
      "hs_description": "Engines: hydraulic power engines and motors, other than linear acting (cylinders)",
      "buyer_imports_latest_usd": 17017775.9317995,
      "current_below_peak_pct": 58.308691970064274,
      "lane_volatility_cv": 0.5840800084924886,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "BGR",
      "importer_iso3": "ARG",
      "hs_code": "230990",
      "hs_description": "Dog or cat food: (not put up for retail sale), used in animal feeding",
      "buyer_imports_latest_usd": 62905340.83515665,
      "current_below_peak_pct": 52.12946599325169,
      "lane_volatility_cv": 0.7570328442020308,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "BGR",
    "importer_iso3": "ARG",
    "distance_km": 11919,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 491492.700657,
    "importer_gdp_per_capita_usd": 10729.23281193945,
    "importer_population": 45808.746,
    "importer_biz_entry_days": 11.5,
    "importer_biz_entry_cost_pct": 5,
    "exporter_gdp_million_usd": 80271.119426,
    "exporter_gdp_per_capita_usd": 11634.971018208831,
    "avg_applied_tariff_pct": 13.764949441818183,
    "avg_mfn_tariff_pct": 13.766198483434344,
    "avg_preferential_tariff_pct": 6.1703788340909105,
    "tariff_advantage_pp": 7.595819649343433
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/BGR-ARG/risk",
    "html": "https://www.yugalinks.com/trade/corridor/BGR-ARG/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/BGR-ARG/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/BGR-ARG/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/BGR-ARG/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}