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Pricing

2022
Flag → Flag
Exports $1.01BRnk 45 / 222
2022
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Top Product $64.2MTractors
2022
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Exports $1.29BRnk 12 / 206
2022
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Top Product $566MRaw Copper
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 0.66Rnk 37 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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 $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 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

Belgium-Bulgaria In 2022, Belgium exported $1.01B to Bulgaria. The main products that Belgium exported to Bulgaria are Tractors ($64.2M), Cars ($59.3M), and Industrial Fatty Acids, Oils and Alcohols ($51.1M). During the last 23 years the exports of Belgium to Bulgaria have increased at an annualized rate of 10.5%, from $101M in 1999 to $1.01B in 2022.

In 2020, Belgium exported services to Bulgaria worth $234M, with Other business services ($91.4M), Travel ($72M), and Computer and information services ($42.3M) being the largest in terms of value.

Bulgaria-Belgium In 2022, Bulgaria exported $1.29B to Belgium. The main products that Bulgaria exported to Belgium were Raw Copper ($566M), Motorcycles and cycles ($118M), and Rapeseed ($52.8M). During the last 23 years the exports of Bulgaria to Belgium have increased at an annualized rate of 8.6%, from $193M in 1999 to $1.29B in 2022.

In 2020, Bulgaria exported services to Belgium worth $254M, with Other business services ($126M), Transportation ($52.1M), and Travel ($39.1M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Bulgaria ranked 37 in the Economic Complexity Index (ECI 0.66), and 60 in total exports ($51.9B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €73.2M and imported €146M from Bulgaria, resulting in a negative trade balance of €73.1M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-10.5M (-12.5%) from €83.7M to €73.2M, while imports decreased by €-14.6M (-9.05%) from €161M to €146M.

Trade In December 2023, the top exports of Belgium to Bulgaria were Cars, tractors, trucks & parts thereof. (€18.7M), Machinery, mechanical appliances, & parts (€9.23M), Chemical products n.e.s. (€9.01M), Pharmaceutical products (€5.93M), and Electrical machinery and electronics (€4.83M). In December 2023 the top imports of Belgium from Bulgaria were Copper articles (€54.4M), Chemical products n.e.s. (€20.3M), Cars, tractors, trucks & parts thereof. (€4.84M), Electrical machinery and electronics (€4.67M), and Machinery, mechanical appliances, & parts (€4.38M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-4.56M or -19.6%), Iron & steel (€-3.48M or -78.7%), and Edible products of animal origin, n.e.s. (€-823k or -96%). In December 2023, the decrease in Belgium's year-by-year imports  from Bulgaria was explained primarily by an decrease in product imports  in Cars, tractors, trucks & parts thereof. (€-4.61M or -48.8%), Tobacco & substitutes (€-989k or -97%), and Perfumery & cosmetics (€-465k or -68.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-10.5M(-12.5%)
IMPORT GROWTH (December 2022 - December 2023)€-14.6M(-9.05%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.01B to Bulgaria. The main products exported from Belgium to Bulgaria were Tractors ($64.2M), Cars ($59.3M), and Industrial Fatty Acids, Oils and Alcohols ($51.1M). During the last 23 years the exports of Belgium to Bulgaria have increased at an annualized rate of 10.5%, from $101M in 1999 to $1.01B in 2022.

In 2022, Bulgaria exported $1.29B to Belgium. The main products exported from Bulgaria to Belgium were Raw Copper ($566M), Motorcycles and cycles ($118M), and Rapeseed ($52.8M). During the last 23 years the exports of Bulgaria to Belgium have increased at an annualized rate of 8.6%, from $193M in 1999 to $1.29B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Bulgaria
Top DestinationGermany$6.91B

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

In 2021, countries that imported more from Belgium than Bulgaria were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Bulgaria than Belgium were Romania ($6.55B), Serbia ($1.29B), and Greece ($2.93B).

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

Comparative Advantage Belgium - Bulgaria

Flow
Scale

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

During 2022, Belgium had a large net trade with Bulgaria in the exports of Machines ($221M), Transportation ($178M), and Chemical Products ($176M).

During 2022, Bulgaria had a large net trade with Belgium in the exports of Metals ($647M), Transportation ($154M), and Machines ($110M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Bulgaria worth $234M, with Other business services ($91.4M), Travel ($72M), and Computer and information services ($42.3M) being the largest in terms of value.

In 2020, Bulgaria exported services to Belgium worth $254M, with Other business services ($126M), Transportation ($52.1M), and Travel ($39.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Belgium.

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

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