Belgium (BEL) and Bulgaria (BGR) Trade | OEC - The Observatory of Economic Complexity

About

Belgium-Bulgaria In 2020, Belgium exported $651M to Bulgaria. The main products that Belgium exported to Bulgaria are Cars ($48.5M), Industrial Fatty Acids, Oils and Alcohols ($41.1M), and Pig Meat ($40.2M). During the last 21 years the exports of Belgium to Bulgaria have increased at an annualized rate of 9.19%, from $103M in 1999 to $651M in 2020.

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 2020, Bulgaria exported $1.14B to Belgium. The main products that Bulgaria exported to Belgium were Raw Copper ($618M), Motorcycles and cycles ($74.7M), and Rapeseed ($35.8M). During the last 21 years the exports of Bulgaria to Belgium have increased at an annualized rate of 8.83%, from $193M in 1999 to $1.14B in 2020.

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 2020, Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B). That same year, Bulgaria ranked 41 in the Economic Complexity Index (ECI 0.52), and 59 in total exports ($33.2B).

Latest Trends

#

November, 2022

About

#

Overview In November 2022, Belgium exported €75M and imported €47.3M from Bulgaria, resulting in a positive trade balance of €27.7M. Between November 2021 and November 2022 the exports of Belgium have increased by €2.28M (3.13%) from €72.8M to €75M, while imports decreased by €-103M (-68.6%) from €151M to €47.3M.

Trade In November 2022, the top exports of Belgium to Bulgaria were Cars, tractors, trucks & parts thereof. (€19.4M), Chemical products n.e.s. (€6.07M), Machinery, mechanical appliances, & parts (€5.67M), Electrical machinery and electronics (€4.63M), and Meat & edible offal (€4.1M). In November 2022 the top imports of Belgium from Bulgaria were Copper articles (€58.5M), Cars, tractors, trucks & parts thereof. (€4.4M), Machinery, mechanical appliances, & parts (€3.66M), Electrical machinery and electronics (€2.7M), and Iron or steel articles (€1.59M).

Growth In November 2022, the increase in Belgium's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Chemical products n.e.s. (€4.96M or 447%), Cars, tractors, trucks & parts thereof. (€3.76M or 24%), and Pharmaceutical products (€1.15M or 110%). In November 2022, the decrease in Belgium's year-by-year imports from Bulgaria was explained primarily by an decrease in product imports in Copper articles (€-19.5M or -25%), Chemical products n.e.s. (€-6.43M or -99.3%), and Glass & glassware (€-1.96M or -85.3%).

Latest Trade

#

Flow

Time Scale

Depth

Value

EXPORT GROWTH (November 2021 - November 2022): €2.28M, (3.13%)

IMPORT GROWTH (November 2021 - November 2022): €-103M, (-68.6%)

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.

Explore Bulgaria and Belgium Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

In 2020, Belgium exported $651M to Bulgaria. The main products exported from Belgium to Bulgaria were Cars ($48.5M), Industrial Fatty Acids, Oils and Alcohols ($41.1M), and Pig Meat ($40.2M). During the last 21 years the exports of Belgium to Bulgaria have increased at an annualized rate of 9.19%, from $103M in 1999 to $651M in 2020.

In 2020, Bulgaria exported $1.14B to Belgium. The main products exported from Bulgaria to Belgium were Raw Copper ($618M), Motorcycles and cycles ($74.7M), and Rapeseed ($35.8M). During the last 21 years the exports of Bulgaria to Belgium have increased at an annualized rate of 8.83%, from $193M in 1999 to $1.14B in 2020.

Market Competitiveness

#

Measure

SectionYear

Belgium
Top Destination: Germany, $45.7B

Bulgaria
Top Destination: Germany, $5.31B

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 2019, countries that imported more from Belgium than Bulgaria were France ($44.4B), Germany ($45.7B), and Netherlands ($37.1B).

In 2019, countries that imported more from Bulgaria than Belgium were Romania ($2.94B), Greece ($2.01B), and North Macedonia ($469M).

Comparative Advantage Belgium - Bulgaria

#

Flow

Scale

Year

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

During 2020, Belgium had a large net trade with Bulgaria in the exports of Machines ($160M), Chemical Products ($118M), and Transportation ($95.1M).

During 2020, Bulgaria had a large net trade with Belgium in the exports of Metals ($674M), Transportation ($110M), and Machines ($95.8M).

Service Trade

#

Bilateral Service Trade

#

Bgr YearBel Year

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.

Economic Complexity

#

Competitive Landscape

#

Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Belgium - Bulgaria

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles