2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Bulgaria-Sweden Trade: In 2022, Bulgaria exported $363M to Sweden. The main products that Bulgaria exported to Sweden were Other Construction Vehicles ($25.7M), Gas Turbines ($22.9M), and Rubber Pipes ($20.9M). Over the past 5 years the exports of Bulgaria to Sweden have increased at an annualized rate of 7.11%, from $257M in 2017 to $363M in 2022.

In 2020, Bulgaria exported services to Sweden worth $77.6M, with Other business services ($23.8M), Transportation ($14.6M), and Communications services ($14.2M) being the largest in terms of value.

Sweden-Bulgaria Trade: In 2022, Sweden exported $309M to Bulgaria. The main products that Sweden exported to Bulgaria were Soil Preparation Machinery ($36.5M), Gas Turbines ($27M), and Cars ($16.7M). Over the past 5 years the exports of Sweden to Bulgaria have increased at an annualized rate of 9.31%,  from $198M in 2017 to $309M in 2022.

In 2020, Sweden exported services to Bulgaria worth $52.9M, with Personal, cultural, and recreational services ($15.5M), Computer and information services ($12.6M), and Transportation ($9.37M) being the largest in terms of value.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $363M to Sweden. The main products exported from Bulgaria to Sweden were Other Construction Vehicles ($25.7M), Gas Turbines ($22.9M), and Rubber Pipes ($20.9M). During the last 5 years the exports of Bulgaria to Sweden have increased at an annualized rate of 7.11%, from $257M in 2017 to $363M in 2022.

In 2017, Sweden exported $309M to Bulgaria. The main products exported from Sweden to Bulgaria were Soil Preparation Machinery ($36.5M), Gas Turbines ($27M), and Cars ($16.7M). During the last 5 years the exports of Sweden to Bulgaria have increased at an annualized rate of 9.31%, from $198M in 2022 to $309M in 2017.

Exports from Bulgaria (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Sweden (Flag)

Bulgaria Exports

Sweden Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Bulgaria than Sweden included Romania ($6.55B), Greece ($2.93B), and Serbia ($1.29B).

In 2022, countries that imported more from Sweden than Bulgaria included Norway ($18.7B), United States ($17.8B), and Denmark ($14.6B).

Difference in imports from Sweden (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Sweden

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Sweden in the exports of Machines ($166M), Foodstuffs ($39.8M), and Plastics and Rubbers ($31.3M).

During 2017, Sweden had a large net trade with Bulgaria in the exports of Machines ($149M), Transportation ($45.4M), and Metals ($30.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Sweden+$9.83MPackaged Medicaments
Top Product Potential Sweden Bulgaria+$15.4MCars

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

In 2020, Bulgaria exported services to Sweden worth $77.6M, with Other business services ($23.8M), Transportation ($14.6M), and Communications services ($14.2M) being the largest in terms of value.

In 2020, Sweden exported services to Bulgaria worth $52.9M, with Personal, cultural, and recreational services ($15.5M), Computer and information services ($12.6M), and Transportation ($9.37M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Sweden (Flag) (2020)

Services Exports from Sweden (Flag) to Bulgaria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Bulgaria (Flag) and Sweden (Flag) (2022)

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