2022
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GDP
$89BCURRENT US$
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2012-2022
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GDP GROWTH
64%CURRENT US$
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2022
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 GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
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GDP PC 
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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2022
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GDP PC
$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
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About

Bulgaria-Greece Trade: In 2022, Bulgaria exported $2.93B to Greece. The main products that Bulgaria exported to Greece were Petroleum Gas ($200M), Wheat ($161M), and Industrial Fatty Acids, Oils and Alcohols ($145M). Over the past 5 years the exports of Bulgaria to Greece have increased at an annualized rate of 9.52%, from $1.86B in 2017 to $2.93B in 2022.

In 2020, Bulgaria exported services to Greece worth $257M, with Travel ($122M), Transportation ($99.3M), and Other business services ($25.6M) being the largest in terms of value.

Greece-Bulgaria In N/A, Greece did not export any products to Bulgaria.

In 2020, Greece exported services to Bulgaria worth $234M, with Travel ($89.4M), Other business services ($49.2M), and Transportation ($47.9M) 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $2.93B to Greece. The main products exported from Bulgaria to Greece were Petroleum Gas ($200M), Wheat ($161M), and Industrial Fatty Acids, Oils and Alcohols ($145M). During the last 5 years the exports of Bulgaria to Greece have increased at an annualized rate of 9.52%, from $1.86B in 2017 to $2.93B in 2022.

Greece does not register exports to Bulgaria. The main products exported from Greece to Bulgaria were Petroleum Gas ($1.27B), Crude Petroleum ($187M), and Semiconductor Devices ($133M).

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

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

Latest Data

Trade between Bulgaria (Flag) and Greece (Flag)

Bulgaria Exports

Greece Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Greece
Top Destination
Italy$5.82B

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

In 2022, countries that imported more from Bulgaria than Greece included Romania ($6.55B), Germany ($6.91B), and Ukraine ($1.2B).

In 2022, countries that imported more from Greece than Bulgaria included Cyprus ($2.92B), Italy ($5.82B), and Libya ($1.95B).

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

Comparative Advantage Bulgaria - Greece

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Greece in the exports of Vegetable Products ($378M), Metals ($328M), and Mineral Products ($295M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Greece+$72.6MPetroleum Gas
Top Product Potential Greece Bulgaria+$67.5MRefined Petroleum

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 Greece worth $257M, with Travel ($122M), Transportation ($99.3M), and Other business services ($25.6M) being the largest in terms of value.

In 2020, Greece exported services to Bulgaria worth $234M, with Travel ($89.4M), Other business services ($49.2M), and Transportation ($47.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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