2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC 
$15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Bulgaria-Australia Trade: In 2023, Bulgaria exported $77.5M to Australia. The main products that Bulgaria exported to Australia were Cheese ($7.56M), Other Engines ($6.69M), and Packaged Medicaments ($5.76M). Over the past 5 years the exports of Bulgaria to Australia have increased at an annualized rate of 3.67%, from $64.7M in 2018 to $77.5M in 2023.

In 2020, Bulgaria exported services to Australia worth $10.2M, with Computer and information services ($5.14M), Travel ($1.71M), and Transportation ($1.14M) being the largest in terms of value.

Australia-Bulgaria Trade: In 2023, Australia exported $28.3M to Bulgaria. The main products that Australia exported to Bulgaria were Non-Iron and Steel Slag, Ash and Residues ($6.61M), Wool ($5.69M), and Scrap Lead ($4.5M). Over the past 5 years the exports of Australia to Bulgaria have decreased at an annualized rate of 21.2%,  from $93.2M in 2018 to $28.3M in 2023.

In 2023, Australia did not export any services to Bulgaria.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $77.5M to Australia. The main products exported from Bulgaria to Australia were Cheese ($7.56M), Other Engines ($6.69M), and Packaged Medicaments ($5.76M). During the last 5 years the exports of Bulgaria to Australia have increased at an annualized rate of 3.67%, from $64.7M in 2018 to $77.5M in 2023.

In 2018, Australia exported $28.3M to Bulgaria. The main products exported from Australia to Bulgaria were Non-Iron and Steel Slag, Ash and Residues ($6.61M), Wool ($5.69M), and Scrap Lead ($4.5M). During the last 5 years the exports of Australia to Bulgaria have decreased at an annualized rate of 21.2%, from $93.2M in 2023 to $28.3M in 2018.

Exports from Bulgaria (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and Australia (Flag)

Bulgaria Exports

Australia Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Australia
Top Destination
China$137B

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

In 2023, countries that imported more from Bulgaria than Australia included Romania ($5.63B), Italy ($4.06B), and Greece ($3.04B).

In 2023, countries that imported more from Australia than Bulgaria included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - Australia

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Australia in the exports of Machines ($26.5M), Chemical Products ($9.28M), and Animal Products ($7.57M).

During 2018, Australia had a large net trade with Bulgaria in the exports of Metals ($8.47M), Mineral Products ($6.61M), and Textiles ($5.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Australia+$8.07MPackaged Medicaments
Top Product Potential Australia Bulgaria+$7.7MCopper Ore

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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Economic Complexity

Competitive Landscape

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

Product Space of Bulgaria (Flag) and Australia (Flag) (2023)

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