Bulgaria / Cyprus

Bulgaria-Cyprus Trade: In 2022, Bulgaria exported $231M to Cyprus. The main products that Bulgaria exported to Cyprus were Seed Oils ($26.3M), Raw Iron Bars ($25.1M), and Petroleum Gas ($20.8M). Over the past 5 years the exports of Bulgaria to Cyprus have increased at an annualized rate of 20.5%, from $91M in 2017 to $231M in 2022.

In 2020, Bulgaria exported services to Cyprus worth $117M, with Computer and information services ($81.6M), Communications services ($13.2M), and Transportation ($7.2M) being the largest in terms of value.

Cyprus-Bulgaria Trade: In 2022, Cyprus exported $62.6M to Bulgaria. The main products that Cyprus exported to Bulgaria were Packaged Medicaments ($12M), Valves ($8.51M), and Scrap Copper ($8.04M). Over the past 5 years the exports of Cyprus to Bulgaria have decreased at an annualized rate of 13.9%,  from $132M in 2017 to $62.6M in 2022.

In 2020, Cyprus exported services to Bulgaria worth $28.6M, with Financial services ($25.1M), Transportation ($2.28M), and Travel ($1.14M) being the largest in terms of value.

Comparison In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68),  and 60 in total exports ($51.9B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.