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2022
Flag → Flag
Exports $3.27BRnk 37 / 221
2022
Flag → Flag
Top Product $93.5MSilver
2022
Flag → Flag
Exports $3.85BRnk 3 / 206
2022
Flag → Flag
Top Product $706MRefined Copper
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Italy-Bulgaria Trade: In 2022, Italy exported $3.27B to Bulgaria. The main products that Italy exported to Bulgaria were Silver ($93.5M), Cars ($89.8M), and Packaged Medicaments ($86.8M). Over the past 5 years the exports of Italy to Bulgaria have increased at an annualized rate of 6.81%, from $2.35B in 2017 to $3.27B in 2022.

In 2020, Italy exported services to Bulgaria worth $221M, with Transportation ($67.3M), Travel ($53.1M), and Other business services ($47.1M) being the largest in terms of value.

Bulgaria-Italy Trade: In 2022, Bulgaria exported $3.85B to Italy. The main products that Bulgaria exported to Italy were Refined Copper ($706M), Industrial Fatty Acids, Oils and Alcohols ($267M), and Seed Oils ($145M). Over the past 5 years the exports of Bulgaria to Italy have increased at an annualized rate of 8.17%,  from $2.6B in 2017 to $3.85B in 2022.

In 2020, Bulgaria exported services to Italy worth $189M, with Transportation ($99.4M), Travel ($41.7M), and Other business services ($28.6M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

June, 2024

About

Overview In June 2024, Italy exported €194M and imported €288M from Bulgaria, resulting in a negative trade balance of €94.3M. Between June 2023 and June 2024 the exports of Italy have decreased by €-109k (-0.056%) from €194M to €194M, while imports decreased by €-146M (-33.6%) from €434M to €288M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-109k(-0.056%)
IMPORT GROWTH (June 2023 - June 2024)€-146M(-33.6%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Bulgaria and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $3.27B to Bulgaria. The main products exported from Italy to Bulgaria were Silver ($93.5M), Cars ($89.8M), and Packaged Medicaments ($86.8M). During the last 5 years the exports of Italy to Bulgaria have increased at an annualized rate of 6.81%, from $2.35B in 2017 to $3.27B in 2022.

In 2017, Bulgaria exported $3.85B to Italy. The main products exported from Bulgaria to Italy were Refined Copper ($706M), Industrial Fatty Acids, Oils and Alcohols ($267M), and Seed Oils ($145M). During the last 5 years the exports of Bulgaria to Italy have increased at an annualized rate of 8.17%, from $2.6B in 2022 to $3.85B in 2017.

Exports from Italy (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Italy than Bulgaria included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Bulgaria than Italy included North Macedonia ($780M), Namibia ($203M), and British Indian Ocean Territory ($9.6k).

Difference in imports from Bulgaria (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Bulgaria

Flow
Scale

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

During 2022, Italy had a large net trade with Bulgaria in the exports of Machines ($740M), Metals ($445M), and Textiles ($418M).

During 2017, Bulgaria had a large net trade with Italy in the exports of Metals ($1.16B), Machines ($606M), and Textiles ($445M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Bulgaria+$50.7MPackaged Medicaments
Top Product Potential Bulgaria Italy+$59.9MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Italy exported services to Bulgaria worth $221M, with Transportation ($67.3M), Travel ($53.1M), and Other business services ($47.1M) being the largest in terms of value.

In 2020, Bulgaria exported services to Italy worth $189M, with Transportation ($99.4M), Travel ($41.7M), and Other business services ($28.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Bulgaria (Flag) (2020)

Services Exports from Bulgaria (Flag) to Italy (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Bulgaria. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Bulgaria (Flag) (2022)

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