Bulgaria (BGR) and Moldova (MDA) Trade | The Observatory of Economic Complexity

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Bulgaria-Moldova Trade: In 2023, Bulgaria exported $148M to Moldova. The main products that Bulgaria exported to Moldova were Refined Petroleum ($44.4M), Nitrogenous Fertilizers ($9.04M), and Petroleum Coke ($5.59M). Over the past 5 years the exports of Bulgaria to Moldova have increased at an annualized rate of 16.4%, from $69.6M in 2018 to $148M in 2023.

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

Moldova-Bulgaria Trade: In 2023, Moldova exported $108M to Bulgaria. The main products that Moldova exported to Bulgaria were Sunflower Seeds ($33M), Rapeseed ($22.4M), and Insulated Wire ($8.47M). Over the past 5 years the exports of Moldova to Bulgaria have increased at an annualized rate of 11.5%, from $62.6M in 2018 to $108M in 2023.

In 2023, Moldova 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, Moldova ranked 68 in the Economic Complexity Index (ECI -0.13), and 131 in total exports ($4.81B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $148M to Moldova. The main products exported from Bulgaria to Moldova were Refined Petroleum ($44.4M), Nitrogenous Fertilizers ($9.04M), and Petroleum Coke ($5.59M). During the last 5 years the exports of Bulgaria to Moldova have increased at an annualized rate of 16.4%, from $69.6M in 2018 to $148M in 2023.

In 2018, Moldova exported $108M to Bulgaria. The main products exported from Moldova to Bulgaria were Sunflower Seeds ($33M), Rapeseed ($22.4M), and Insulated Wire ($8.47M). During the last 5 years the exports of Moldova to Bulgaria have increased at an annualized rate of 11.5%, from $62.6M in 2023 to $108M in 2018.

Exports from Bulgaria () to Moldova () (2023)

Exports from Moldova () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Moldova ()

Bulgaria Exports

Date

Moldova Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Moldova
Top DestinationRomania$1.5B

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

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

In 2023, countries that imported more from Moldova than Bulgaria included Belarus ($84.1M), Zimbabwe ($16.9M), and Uganda ($3.91M).

Difference in imports from Moldova () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Moldova

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Moldova in the exports of Mineral Products ($51.4M), Chemical Products ($30.5M), and Machines ($14.2M).

During 2018, Moldova had a large net trade with Bulgaria in the exports of Vegetable Products ($61.8M), Foodstuffs ($11.6M), and Machines ($9.78M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Moldova+$1.7MPetroleum Gas

Top Product Potential Moldova Bulgaria+$3.48MInsulated Wire

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

Year

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Moldova. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Moldova. Similarly, a dot/product with the flag of Moldova indicates it has a comparative advantage over Bulgaria.

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Moldova () (2023)

Exports from Moldova () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Moldova ()

Bulgaria Exports

Moldova Exports

Market Competitiveness

Difference in imports from Moldova () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Moldova

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Moldova () (2023)

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