2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Bulgaria-Australia Trade: In 2022, Bulgaria exported $69.8M to Australia. The main products that Bulgaria exported to Australia were Packaged Medicaments ($6.34M), Sunflower Seeds ($5.8M), and Cheese ($4.99M). Over the past 5 years the exports of Bulgaria to Australia have increased at an annualized rate of 10.1%, from $43.2M in 2017 to $69.8M in 2022.

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 2022, Australia exported $46.9M to Bulgaria. The main products that Australia exported to Bulgaria were Copper Ore ($18.4M), Scrap Lead ($8.47M), and Wool ($5.62M). Over the past 5 years the exports of Australia to Bulgaria have increased at an annualized rate of 17.4%,  from $17.9M in 2017 to $46.9M in 2022.

In 2022, Australia did not export any services to Bulgaria.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $69.8M to Australia. The main products exported from Bulgaria to Australia were Packaged Medicaments ($6.34M), Sunflower Seeds ($5.8M), and Cheese ($4.99M). During the last 5 years the exports of Bulgaria to Australia have increased at an annualized rate of 10.1%, from $43.2M in 2017 to $69.8M in 2022.

In 2017, Australia exported $46.9M to Bulgaria. The main products exported from Australia to Bulgaria were Copper Ore ($18.4M), Scrap Lead ($8.47M), and Wool ($5.62M). During the last 5 years the exports of Australia to Bulgaria have increased at an annualized rate of 17.4%, from $17.9M in 2022 to $46.9M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Australia (Flag)

Bulgaria Exports

Australia Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Australia
Top Destination
China$123B

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 2022, countries that imported more from Bulgaria than Australia included Romania ($6.55B), Germany ($6.91B), and Greece ($2.93B).

In 2022, countries that imported more from Australia than Bulgaria included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

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 2022, Bulgaria had a large net trade with Australia in the exports of Machines ($19.6M), Chemical Products ($11.4M), and Vegetable Products ($6.54M).

During 2017, Australia had a large net trade with Bulgaria in the exports of Mineral Products ($23.1M), Metals ($8.72M), and Textiles ($5.71M).

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) (2022)

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