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2022
Flag → Flag
Exports $780MRnk 20 / 206
2022
Flag → Flag
Top Product $214MElectricity
2022
Flag → Flag
Exports $443MRnk 4 / 155
2022
Flag → Flag
Top Product $71.8MLead Ore
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

Bulgaria-North Macedonia Trade: In 2022, Bulgaria exported $780M to North Macedonia. The main products that Bulgaria exported to North Macedonia were Electricity ($214M), Refined Petroleum ($97.3M), and Scrap Iron ($45.5M). Over the past 5 years the exports of Bulgaria to North Macedonia have increased at an annualized rate of 12.1%, from $440M in 2017 to $780M in 2022.

In 2022, Bulgaria did not export any services to North Macedonia.

North Macedonia-Bulgaria Trade: In 2022, North Macedonia exported $443M to Bulgaria. The main products that North Macedonia exported to Bulgaria were Lead Ore ($71.8M), Copper Ore ($68.2M), and Zinc Ore ($55.2M). Over the past 5 years the exports of North Macedonia to Bulgaria have increased at an annualized rate of 7.07%,  from $315M in 2017 to $443M in 2022.

In 2022, North Macedonia did not export any services to Bulgaria.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $780M to North Macedonia. The main products exported from Bulgaria to North Macedonia were Electricity ($214M), Refined Petroleum ($97.3M), and Scrap Iron ($45.5M). During the last 5 years the exports of Bulgaria to North Macedonia have increased at an annualized rate of 12.1%, from $440M in 2017 to $780M in 2022.

In 2017, North Macedonia exported $443M to Bulgaria. The main products exported from North Macedonia to Bulgaria were Lead Ore ($71.8M), Copper Ore ($68.2M), and Zinc Ore ($55.2M). During the last 5 years the exports of North Macedonia to Bulgaria have increased at an annualized rate of 7.07%, from $315M in 2022 to $443M in 2017.

Exports from Bulgaria (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and North Macedonia (Flag)

Bulgaria Exports

North Macedonia Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Bulgaria than North Macedonia included Romania ($6.55B), Italy ($3.85B), and Germany ($6.91B).

In 2022, countries that imported more from North Macedonia than Bulgaria included Montenegro ($40.3M) and Bosnia and Herzegovina ($106M).

Difference in imports from North Macedonia (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - North Macedonia

Flow
Scale

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

During 2022, Bulgaria had a large net trade with North Macedonia in the exports of Mineral Products ($348M), Metals ($127M), and Machines ($53M).

During 2017, North Macedonia had a large net trade with Bulgaria in the exports of Mineral Products ($201M), Metals ($73.4M), and Plastics and Rubbers ($39.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria North Macedonia+$11.1MRefined Petroleum
Top Product Potential North Macedonia Bulgaria+$8.72MInsulated 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

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

Product Space of Bulgaria (Flag) and North Macedonia (Flag) (2022)

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