2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 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
$56,034CURRENT US$
Rnk 18 / 196
2013-2023
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GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Bulgaria-Austria Trade: In 2023, Bulgaria exported $1.02B to Austria. The main products that Bulgaria exported to Austria were Motorcycles and cycles ($119M), Other Engines ($82M), and Orthopedic Appliances ($66.9M). Over the past 5 years the exports of Bulgaria to Austria have increased at an annualized rate of 10.3%, from $625M in 2018 to $1.02B in 2023.

In 2020, Bulgaria exported services to Austria worth $194M, with Computer and information services ($50.7M), Other business services ($41.2M), and Transportation ($38.3M) being the largest in terms of value.

Austria-Bulgaria Trade: In 2023, Austria exported $1.3B to Bulgaria. The main products that Austria exported to Bulgaria were Cars ($170M), Packaged Medicaments ($110M), and Electrical Transformers ($24M). Over the past 5 years the exports of Austria to Bulgaria have increased at an annualized rate of 8.2%,  from $878M in 2018 to $1.3B in 2023.

In 2020, Austria exported services to Bulgaria worth $276M, with Transportation ($69.7M), Other business services ($62.8M), and Computer and information services ($48M) being the largest in terms of value.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $1.02B to Austria. The main products exported from Bulgaria to Austria were Motorcycles and cycles ($119M), Other Engines ($82M), and Orthopedic Appliances ($66.9M). During the last 5 years the exports of Bulgaria to Austria have increased at an annualized rate of 10.3%, from $625M in 2018 to $1.02B in 2023.

In 2018, Austria exported $1.3B to Bulgaria. The main products exported from Austria to Bulgaria were Cars ($170M), Packaged Medicaments ($110M), and Electrical Transformers ($24M). During the last 5 years the exports of Austria to Bulgaria have increased at an annualized rate of 8.2%, from $878M in 2023 to $1.3B in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and Austria (Flag)

Bulgaria Exports

Austria Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Bulgaria than Austria included Greece ($3.04B), Romania ($5.63B), and Turkey ($2.73B).

In 2023, countries that imported more from Austria than Bulgaria included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

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

Comparative Advantage Bulgaria - Austria

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Austria in the exports of Machines ($301M), Transportation ($148M), and Chemical Products ($92.8M).

During 2018, Austria had a large net trade with Bulgaria in the exports of Machines ($330M), Transportation ($242M), and Chemical Products ($198M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Austria+$9.66MPackaged Medicaments
Top Product Potential Austria Bulgaria+$12.7MPackaged Medicaments

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, Bulgaria exported services to Austria worth $194M, with Computer and information services ($50.7M), Other business services ($41.2M), and Transportation ($38.3M) being the largest in terms of value.

In 2020, Austria exported services to Bulgaria worth $276M, with Transportation ($69.7M), Other business services ($62.8M), and Computer and information services ($48M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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