Bulgaria (BGR) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Bulgaria-Russia Trade: In 2023, Bulgaria exported $540M to Russia. The main products that Bulgaria exported to Russia were Packaged Medicaments ($262M), Chocolate ($34.7M), and Wadding ($21.4M). Over the past 5 years the exports of Bulgaria to Russia have increased at an annualized rate of 0.2%, from $535M in 2018 to $540M in 2023.

In 2020, Bulgaria exported services to Russia worth $239M, with Transportation ($182M), Travel ($33.8M), and Other business services ($12.6M) being the largest in terms of value.

Russia-Bulgaria Trade: In 2023, Russia exported $3.51B to Bulgaria. The main products that Russia exported to Bulgaria were Crude Petroleum ($2.69B), Refined Petroleum ($370M), and Petroleum Gas ($283M). Over the past 5 years the exports of Russia to Bulgaria have decreased at an annualized rate of 1.69%, from $3.82B in 2018 to $3.51B in 2023.

In 2020, Russia exported services to Bulgaria worth $122M, with Transportation ($52.1M), Other business services ($26.5M), and Computer and information services ($16.3M) being the largest in terms of value.

Comparison: In 2023, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $540M to Russia. The main products exported from Bulgaria to Russia were Packaged Medicaments ($262M), Chocolate ($34.7M), and Wadding ($21.4M). During the last 5 years the exports of Bulgaria to Russia have increased at an annualized rate of 0.2%, from $535M in 2018 to $540M in 2023.

In 2018, Russia exported $3.51B to Bulgaria. The main products exported from Russia to Bulgaria were Crude Petroleum ($2.69B), Refined Petroleum ($370M), and Petroleum Gas ($283M). During the last 5 years the exports of Russia to Bulgaria have decreased at an annualized rate of 1.69%, from $3.82B in 2023 to $3.51B in 2018.

Exports from Bulgaria () to Russia () (2023)

Exports from Russia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Russia ()

Bulgaria Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Bulgaria than Russia included Romania ($5.63B), Germany ($6.84B), and Ukraine ($928M).

In 2023, countries that imported more from Russia than Bulgaria included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Bulgaria - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Russia in the exports of Chemical Products ($319M), Foodstuffs ($75M), and Machines ($62.4M).

During 2018, Russia had a large net trade with Bulgaria in the exports of Mineral Products ($3.35B), Metals ($76.2M), and Chemical Products ($62.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Russia+$24MPackaged Medicaments

Top Product Potential Russia Bulgaria+$428MPetroleum Gas

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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Bilateral Service Trade

Rus Year

Bgr Year

In 2020, Bulgaria exported services to Russia worth $239M, with Transportation ($182M), Travel ($33.8M), and Other business services ($12.6M) being the largest in terms of value.

In 2020, Russia exported services to Bulgaria worth $122M, with Transportation ($52.1M), Other business services ($26.5M), and Computer and information services ($16.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to Russia () (2020)

Services Exports from Russia () to Bulgaria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Russia () (2023)

Exports from Russia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Russia ()

Bulgaria Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Bulgaria () to Russia () (2020)

Services Exports from Russia () to Bulgaria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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