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2023
Flag → Flag
Exports $129MRnk 55 / 200
2023
Flag → Flag
Top Product $6.57MPulley Systems
2023
Flag → Flag
Exports $60.9MRnk 18 / 130
2023
Flag → Flag
Top Product $22MStyrene Polymers
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC $15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Bulgaria-Iran Trade: In 2023, Bulgaria exported $129M to Iran. The main products that Bulgaria exported to Iran were Pulley Systems ($6.57M), Industrial Food Preperation Machinery ($6.43M), and Tobacco Processing Machines ($5.59M). Over the past 5 years the exports of Bulgaria to Iran have increased at an annualized rate of 19.7%, from $52.6M in 2018 to $129M in 2023.

In 2009, Bulgaria exported services to Iran worth $25.6M, with Services not allocated ($12.8M), Travel ($11.9M), and Transportation ($906k) being the largest in terms of value.

Iran-Bulgaria Trade: In 2023, Iran exported $60.9M to Bulgaria. The main products that Iran exported to Bulgaria were Styrene Polymers ($22M), Ferroalloys ($10.8M), and Ethylene Polymers ($5.94M). Over the past 5 years the exports of Iran to Bulgaria have increased at an annualized rate of 8.5%,  from $40.5M in 2018 to $60.9M in 2023.

In 2023, Iran did not export any services to Bulgaria.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $129M to Iran. The main products exported from Bulgaria to Iran were Pulley Systems ($6.57M), Industrial Food Preperation Machinery ($6.43M), and Tobacco Processing Machines ($5.59M). During the last 5 years the exports of Bulgaria to Iran have increased at an annualized rate of 19.7%, from $52.6M in 2018 to $129M in 2023.

In 2018, Iran exported $60.9M to Bulgaria. The main products exported from Iran to Bulgaria were Styrene Polymers ($22M), Ferroalloys ($10.8M), and Ethylene Polymers ($5.94M). During the last 5 years the exports of Iran to Bulgaria have increased at an annualized rate of 8.5%, from $40.5M in 2023 to $60.9M in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and Iran (Flag)

Bulgaria Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.84B
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Bulgaria than Iran included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

In 2023, countries that imported more from Iran than Bulgaria included China ($4.59B), Pakistan ($943M), and India ($1.02B).

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

Comparative Advantage Bulgaria - Iran

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Iran in the exports of Machines ($62.2M), Chemical Products ($21.7M), and Plastics and Rubbers ($11.1M).

During 2018, Iran had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($28.9M), Metals ($15.1M), and Stone And Glass ($7.54M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Iran+$3.82MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Iran Bulgaria+$2.67MEthylene Polymers

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

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

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