Bulgaria / Luxembourg

Bulgaria-Luxembourg Trade: In 2022, Bulgaria exported $105M to Luxembourg. The main products that Bulgaria exported to Luxembourg were Electricity ($47.3M), Petroleum Gas ($43.4M), and Felt or Coated Fabric Garments ($2.82M). Over the past 5 years the exports of Bulgaria to Luxembourg have increased at an annualized rate of 47.7%, from $14.9M in 2017 to $105M in 2022.

In 2020, Bulgaria exported services to Luxembourg worth $45.1M, with Other business services ($29.9M), Communications services ($6.51M), and Financial services ($3.54M) being the largest in terms of value.

Luxembourg-Bulgaria Trade: In 2022, Luxembourg exported $74.7M to Bulgaria. The main products that Luxembourg exported to Bulgaria were Electricity ($23.7M), Rubber Tires ($9.06M), and Iron Blocks ($7.09M). Over the past 5 years the exports of Luxembourg to Bulgaria have decreased at an annualized rate of 6.83%,  from $106M in 2017 to $74.7M in 2022.

In 2020, Luxembourg exported services to Bulgaria worth $11.4M, with Other business services ($6.85M), Transportation ($3.43M), 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, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.