Bulgaria

ECON COMPLEXITY (2018)

0.49

RANK 47 OF 137

PRODUCT EXPORTS (2018)

$34B

RANK 63 OF 222

EXPORTS PER CAPITA (2018)

$4.83K

RANK 70 OF 219

PRODUCT IMPORTS (2018)

$3.83B

RANK 60 OF 221

IMPORTS PER CAPITA (2018)

$5.45K

RANK 71 of 219

SERVICE EXPORTS (2017)

$8.33B

RANK 54 OF 139

SERVICE IMPORTS (2017)

$5.07B

RANK 63 OF 139

GDP (2018)

$65.1B

CURRENT US$
RANK 74 OF 196

GDP GROWTH (2008-2018)

19.7%

CURRENT US$
RANK 126 OF 196

GDP PC (2018)

$9,273

CURRENT US$
RANK 81 OF 196

GDP PC GROWTH (2008-2018)

27.7%

Overview: In 2018 Bulgaria was the number 74 economy in the world in terms of GDP (current US$), the number 63 in total exports, the number 60 in total imports, and the number 47 most complex economy according to the Economic Complexity Index (ECI). In 2018, Bulgaria exported $34B and imported $38.3B, resulting in a negative trade balance of -$4.31B. In 2018, Bulgaria’s exports per capita were $4.83k and its imports per capita were $5.45k.

Trade: The top exports of Bulgaria are Refined Petroleum ($1.92B), Refined Copper ($1.28B), Raw Copper ($1.08B), Packaged Medicaments ($989M), and Wheat ($886M). The top imports of Bulgaria are Copper Ore ($2.82B), Crude Petroleum ($2.65B), Cars ($1.36B), Packaged Medicaments ($1.21B), and Petroleum Gas ($820M).

Destinations: Bulgaria exports mostly to Germany ($5.32B), Italy($2.95B), Romania ($2.77B), Turkey ($2.7B), and Greece ($2.11B), and imports mostly from Germany ($4.47B), Russia ($3.21B), Italy ($2.77B), Romania ($2.54B), and Turkey ($2.48B).

Location: Bulgaria borders Greece, North Macedonia, Romania, Serbia, and Turkey by land.

Exports

In 2018 Bulgaria exported a total of $34B, making it the number 63 exporter in the world. During the last five reported years the exports of Bulgaria have changed by $3.82B from $30.1B in 2013 to $34B in 2018.

The most recent exports are led by Refined Petroleum ($1.92B), Refined Copper ($1.28B), Raw Copper ($1.08B), Packaged Medicaments ($989M), and Wheat ($886M).

Imports

In 2018 Bulgaria imported $38.3B, making it the number 60 trade destination in the world. During the last five reported years the imports of Bulgaria changed by $3.15B from $35.1B in 2013 to $38.3B in 2018.

The most recent imports of Bulgaria are led by Copper Ore ($2.82B), Crude Petroleum ($2.65B), Cars ($1.36B), Packaged Medicaments ($1.21B), and Petroleum Gas ($820M).

Trade Balance

As of 2018 Bulgaria had a negative trade balance of $3.53B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $186M in net imports.

Destinations

The most common destination for the exports of Bulgaria are Germany ($5.32B), Italy ($2.95B), Romania ($2.77B), Turkey ($2.7B), and Greece ($2.11B).

Origins

The most common import partners for Bulgaria are Germany ($4.47B), Russia ($3.21B), Italy ($2.77B), Romania ($2.54B), and Turkey ($2.48B).