2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 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
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Bulgaria-Denmark Trade: In 2022, Bulgaria exported $316M to Denmark. The main products that Bulgaria exported to Denmark were Electricity ($56.6M), Other Furniture ($16.4M), and Motorcycles and cycles ($15.5M). Over the past 5 years the exports of Bulgaria to Denmark have increased at an annualized rate of 10.1%, from $196M in 2017 to $316M in 2022.

In 2020, Bulgaria exported services to Denmark worth $62.9M, with Computer and information services ($23.5M), Transportation ($16.3M), and Other business services ($12M) being the largest in terms of value.

Denmark-Bulgaria Trade: In 2022, Denmark exported $248M to Bulgaria. The main products that Denmark exported to Bulgaria were Packaged Medicaments ($42.5M), Semiconductor Devices ($15.4M), and Pig Meat ($12M). Over the past 5 years the exports of Denmark to Bulgaria have increased at an annualized rate of 9.39%,  from $158M in 2017 to $248M in 2022.

In 2020, Denmark exported services to Bulgaria worth $146M, with Transportation ($85.8M), Travel ($35.4M), and Other business services ($12.7M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $316M to Denmark. The main products exported from Bulgaria to Denmark were Electricity ($56.6M), Other Furniture ($16.4M), and Motorcycles and cycles ($15.5M). During the last 5 years the exports of Bulgaria to Denmark have increased at an annualized rate of 10.1%, from $196M in 2017 to $316M in 2022.

In 2017, Denmark exported $248M to Bulgaria. The main products exported from Denmark to Bulgaria were Packaged Medicaments ($42.5M), Semiconductor Devices ($15.4M), and Pig Meat ($12M). During the last 5 years the exports of Denmark to Bulgaria have increased at an annualized rate of 9.39%, from $158M in 2022 to $248M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Denmark (Flag)

Bulgaria Exports

Denmark Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Denmark
Top Destination
Germany$18.9B

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

In 2022, countries that imported more from Bulgaria than Denmark included Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

In 2022, countries that imported more from Denmark than Bulgaria included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Bulgaria - Denmark

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Denmark in the exports of Machines ($68.1M), Mineral Products ($58.4M), and Metals ($34.5M).

During 2017, Denmark had a large net trade with Bulgaria in the exports of Machines ($58.8M), Chemical Products ($56.6M), and Animal Products ($43.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Denmark+$16.1MElectricity
Top Product Potential Denmark Bulgaria+$20.5MPackaged 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 Denmark worth $62.9M, with Computer and information services ($23.5M), Transportation ($16.3M), and Other business services ($12M) being the largest in terms of value.

In 2020, Denmark exported services to Bulgaria worth $146M, with Transportation ($85.8M), Travel ($35.4M), and Other business services ($12.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Denmark (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 Denmark. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Bulgaria.

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

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