2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 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
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186

About

Bulgaria-China Trade: In 2022, Bulgaria exported $942M to China. The main products that Bulgaria exported to China were Other Vegetable Residues ($180M), Copper Ore ($165M), and Refined Copper ($141M). Over the past 5 years the exports of Bulgaria to China have increased at an annualized rate of 0.53%, from $917M in 2017 to $942M in 2022.

In 2020, Bulgaria exported services to China worth $18M, with Communications services ($6.17M), Transportation ($4.45M), and Computer and information services ($3.43M) being the largest in terms of value.

China-Bulgaria Trade: In 2022, China exported $3.34B to Bulgaria. The main products that China exported to Bulgaria were Semiconductor Devices ($229M), Bi-Wheel Vehicle Parts ($170M), and Air Conditioners ($112M). Over the past 5 years the exports of China to Bulgaria have increased at an annualized rate of 7.04%,  from $1.29B in 2017 to $3.34B in 2022.

In 2022, China 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, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $942M to China. The main products exported from Bulgaria to China were Other Vegetable Residues ($180M), Copper Ore ($165M), and Refined Copper ($141M). During the last 5 years the exports of Bulgaria to China have increased at an annualized rate of 0.53%, from $917M in 2017 to $942M in 2022.

In 2017, China exported $3.34B to Bulgaria. The main products exported from China to Bulgaria were Semiconductor Devices ($229M), Bi-Wheel Vehicle Parts ($170M), and Air Conditioners ($112M). During the last 5 years the exports of China to Bulgaria have increased at an annualized rate of 7.04%, from $1.29B in 2022 to $3.34B in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and China (Flag)

Bulgaria Exports

China Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
China
Top Destination
United States$551B

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

In 2022, countries that imported more from Bulgaria than China included Gibraltar ($552M), Saint Martin ($1.91M), and Bonaire ($37.2k).

In 2022, countries that imported more from China than Bulgaria included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Bulgaria - China

Flow
Scale

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

During 2022, Bulgaria had a large net trade with China in the exports of Mineral Products ($231M), Foodstuffs ($185M), and Metals ($176M).

During 2017, China had a large net trade with Bulgaria in the exports of Machines ($1.4B), Miscellaneous ($333M), and Textiles ($253M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria China+$130MRefined Copper
Top Product Potential China Bulgaria+$77.3MTelephones

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 China. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Bulgaria.

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

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