2021
Flag  
GDP
$84.1BCURRENT US$
Rnk 70 / 204
2011-2021
Flag
GDP GROWTH
45.6%CURRENT US$
Rnk 65 / 204
2021
Flag
 GDP
$13.8BCURRENT US$
Rnk 134 / 204
2011-2021
Flag
GDP GROWTH
31.7%CURRENT US$
Rnk 89 / 204
2021
Flag
GDP PC 
$12,222CURRENT US$
Rnk 78 / 204
2011-2021
Flag
GDP PC GROWTH
55.6%CURRENT US$
Rnk 25 / 204
2021
Flag
GDP PC
$6,695CURRENT US$
Rnk 105 / 204
2011-2021
Flag
GDP PC GROWTH
31.3%CURRENT US$
Rnk 58 / 204

About

Bulgaria-North Macedonia In 2021, Bulgaria exported $629M to North Macedonia. The main products that Bulgaria exported to North Macedonia are Electricity ($127M), Refined Petroleum ($53.6M), and Scrap Iron ($37.7M). During the last 26 years the exports of Bulgaria to North Macedonia have increased at an annualized rate of 3.84%, from $236M in 1995 to $629M in 2021.

In 2021, Bulgaria did not export any services to North Macedonia.

North Macedonia-Bulgaria In 2021, North Macedonia exported $405M to Bulgaria. The main products that North Macedonia exported to Bulgaria were Lead Ore ($77.2M), Copper Ore ($62M), and Zinc Ore ($40.4M). During the last 26 years the exports of North Macedonia to Bulgaria have increased at an annualized rate of 1.78%, from $256M in 1995 to $405M in 2021.

In 2021, North Macedonia did not export any services to Bulgaria.

Comparison In 2021,  Bulgaria ranked 40 in the Economic Complexity Index (ECI 0.63), and 59 in total exports ($43.3B). That same year, North Macedonia ranked 54 in the Economic Complexity Index (ECI 0.2), and 103 in total exports ($8.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Bulgaria exported $629M to North Macedonia. The main products exported from Bulgaria to North Macedonia were Electricity ($127M), Refined Petroleum ($53.6M), and Scrap Iron ($37.7M). During the last 26 years the exports of Bulgaria to North Macedonia have increased at an annualized rate of 3.84%, from $236M in 1995 to $629M in 2021.

In 2021, North Macedonia exported $405M to Bulgaria. The main products exported from North Macedonia to Bulgaria were Lead Ore ($77.2M), Copper Ore ($62M), and Zinc Ore ($40.4M). During the last 26 years the exports of North Macedonia to Bulgaria have increased at an annualized rate of 1.78%, from $256M in 1995 to $405M in 2021.

Exports from Bulgaria (Flag) to North Macedonia (Flag) (2021)

Exports from North Macedonia (Flag) to Bulgaria (Flag) (2021)

Latest Data

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

Bulgaria Exports

North Macedonia Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.2B
North Macedonia
Top Destination
Germany$3.85B

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 2021, countries that imported more from Bulgaria than North Macedonia were Romania ($4.36B), Greece ($3.55B), and Italy ($3.42B).

In 2021, countries that imported more from North Macedonia than Bulgaria were Montenegro ($38.5M) and Bosnia and Herzegovina ($116M).

Difference in imports from North Macedonia (Flag) and Bulgaria (Flag) (2021)

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 2021, Bulgaria had a large net trade with North Macedonia in the exports of Mineral Products ($212M), Metals ($127M), and Machines ($43M).

During 2021, North Macedonia had a large net trade with Bulgaria in the exports of Mineral Products ($187M), Metals ($72.6M), and Plastics and Rubbers ($39.5M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Bulgaria has comparative advantage over North Macedonia. Similarly, the more yellow a dot/product is, the more North Macedonia has comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and North Macedonia (Flag) (2021)

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