Flag Bulgaria / Romania Flag

2020
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Exports
: $2.94B, Rnk 2 / 204

2020
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Top Product
: $192M, Raw Iron Bars

2020
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Exports
: $2.59B, Rnk 5 / 194

2020
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Top Product
: $222M, Refined Petroleum

2020
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Economic Complexity (ECI)
: ECI 0.52, Rnk 41 / 127

2020
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Economic Complexity (ECI)
: ECI 1.01, Rnk 26 / 127

2020
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GDP
: $69.9B, CURRENT US$
Rnk 73 / 204

2010-2020
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GDP GROWTH
: 37.9%, CURRENT US$
Rnk 80 / 204

2020
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 GDP
: $250B, CURRENT US$
Rnk 45 / 204

2010-2020
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GDP GROWTH
: 50%, CURRENT US$
Rnk 57 / 204

2020
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GDP PC 
: $10,079, CURRENT US$
Rnk 79 / 204

2010-2020
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GDP PC GROWTH
: 47.1%, CURRENT US$
Rnk 33 / 204

2020
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GDP PC
: $12,957, CURRENT US$
Rnk 70 / 204

2010-2020
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GDP PC GROWTH
: 57.7%, CURRENT US$
Rnk 24 / 204

Bulgaria-Romania In 2020, Bulgaria exported $2.94B to Romania. The main products that Bulgaria exported to Romania are Raw Iron Bars ($192M), Packaged Medicaments ($96.4M), and Industrial Fatty Acids, Oils and Alcohols ($92.5M). During the last 25 years the exports of Bulgaria to Romania have increased at an annualized rate of 15.9%, from $73.9M in 1995 to $2.94B in 2020.

In 2020, Bulgaria exported services to Romania worth $288M, with Travel ($121M), Transportation ($109M), and Other business services ($26.7M) being the largest in terms of value.

Romania-Bulgaria In 2020, Romania exported $2.59B to Bulgaria. The main products that Romania exported to Bulgaria were Refined Petroleum ($222M), Sunflower Seeds ($169M), and Rolled Tobacco ($91.7M). During the last 25 years the exports of Romania to Bulgaria have increased at an annualized rate of 15.5%, from $70.9M in 1995 to $2.59B in 2020.

In 2020, Romania exported services to Bulgaria worth $353M, with Transportation ($172M), Other business services ($71.3M), and Communications services ($28.1M) being the largest in terms of value.

Comparison In 2020,  Bulgaria ranked 41 in the Economic Complexity Index (ECI 0.52), and 59 in total exports ($33.2B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.01), and 41 in total exports ($73B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Bulgaria exported $2.94B to Romania. The main products exported from Bulgaria to Romania were Raw Iron Bars ($192M), Packaged Medicaments ($96.4M), and Industrial Fatty Acids, Oils and Alcohols ($92.5M). During the last 25 years the exports of Bulgaria to Romania have increased at an annualized rate of 15.9%, from $73.9M in 1995 to $2.94B in 2020.

In 2020, Romania exported $2.59B to Bulgaria. The main products exported from Romania to Bulgaria were Refined Petroleum ($222M), Sunflower Seeds ($169M), and Rolled Tobacco ($91.7M). During the last 25 years the exports of Romania to Bulgaria have increased at an annualized rate of 15.5%, from $70.9M in 1995 to $2.59B in 2020.

Bulgaria Exports

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Romania Exports

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Market Competitiveness

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Measure

Bulgaria
Top Destination
: Germany, $5.31B

Romania
Top Destination
: Germany, $15.9B

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

In 2019, countries that imported more from Bulgaria than Romania were Greece ($2.01B), North Macedonia ($469M), and Namibia ($210M).

In 2019, countries that imported more from Romania than Bulgaria were Germany ($15.9B), Italy ($7.45B), and France ($4.65B).

Comparative Advantage Bulgaria - Romania

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Flow

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

During 2020, Bulgaria had a large net trade with Romania in the exports of Metals ($473M), Chemical Products ($404M), and Machines ($368M).

During 2020, Romania had a large net trade with Bulgaria in the exports of Metals ($407M), Machines ($362M), and Mineral Products ($352M).

Bilateral Service Trade

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In 2020, Bulgaria exported services to Romania worth $288M, with Travel ($121M), Transportation ($109M), and Other business services ($26.7M) being the largest in terms of value.

In 2020, Romania exported services to Bulgaria worth $353M, with Transportation ($172M), Other business services ($71.3M), and Communications services ($28.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over Bulgaria.