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2023
Flag → Flag
Exports $2.98BRnk 94 / 208
2023
Flag → Flag
Top Product $206MSemiconductor Devices
2023
Flag → Flag
Exports $1.54BRnk 9 / 200
2023
Flag → Flag
Top Product $238MPrecious Metal Ore
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
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GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$15,886CURRENT US$
Rnk 72 / 196
2013-2023
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GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

China-Bulgaria Trade: In 2023, China exported $2.98B to Bulgaria. The main products that China exported to Bulgaria were Semiconductor Devices ($206M), Electric Batteries ($140M), and Broadcasting Equipment ($107M). Over the past 5 years the exports of China to Bulgaria have increased at an annualized rate of 13.3%, from $1.59B in 2018 to $2.98B in 2023.

In 2023, China did not export any services to Bulgaria.

Bulgaria-China Trade: In 2023, Bulgaria exported $1.54B to China. The main products that Bulgaria exported to China were Precious Metal Ore ($238M), Corn ($215M), and Other Vegetable Residues ($205M). Over the past 5 years the exports of Bulgaria to China have increased at an annualized rate of 7.41%,  from $1.08B in 2018 to $1.54B in 2023.

In 2020, Bulgaria exported services to China worth $18M, with Communications services ($6.17M), Transportation ($4.45M), and Computer and information services ($3.43M) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $265M and imported $102M from Bulgaria, resulting in a positive trade balance of $162M. Between December 2023 and December 2024 the exports of China have increased by $39.6M (17.5%) from $225M to $265M, while imports decreased by $-113M (-52.4%) from $215M to $102M.

Trade In December 2024, the top exports of China to Bulgaria were Telephones ($12.9M), Semiconductor Devices ($10.3M), Electric Batteries ($7.71M), Electrical Transformers ($7.09M), and Seats ($6.94M). In December 2024 the top imports of China from Bulgaria were Refined Copper ($59.3M), Other Vegetable Residues ($19.2M), Precious Metal Ore ($15.9M), Electrical Control Boards ($6.16M), and Sunflower Seeds ($6.09M).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($60.1M), Guangdong Province ($51.6M), Jiangsu Province ($34.9M), Shandong Province ($29M), and Shanghai Province ($19.4M), while imports destinations were mainly Shandong Province ($43.4M), Fujian Province ($17M), Shanghai Province ($12.7M), Jiangsu Province ($5.67M), and Beijing ($5.37M).

Growth In December 2024, the increase in China's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Telephones ($7.73M or 148%), Electric Batteries ($6.35M or 467%), and Commodities not elsewhere specified ($4.03M or 325%). In December 2024, the decrease in China's year-by-year imports  from Bulgaria was explained primarily by an decrease in product imports  in Other Vegetable Residues ($-17.3M or -47.3%), Precious Metal Ore ($-14.2M or -47.1%), and Carbonates ($-1.42M or -69.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$39.6M(17.5%)
IMPORT GROWTH (December 2023 - December 2024)$-113M(-52.4%)
MAIN EXPORTER (December 2024)Zhejiang Province$60.1M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Bulgaria and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $2.98B to Bulgaria. The main products exported from China to Bulgaria were Semiconductor Devices ($206M), Electric Batteries ($140M), and Broadcasting Equipment ($107M). During the last 5 years the exports of China to Bulgaria have increased at an annualized rate of 13.3%, from $1.59B in 2018 to $2.98B in 2023.

In 2018, Bulgaria exported $1.54B to China. The main products exported from Bulgaria to China were Precious Metal Ore ($238M), Corn ($215M), and Other Vegetable Residues ($205M). During the last 5 years the exports of Bulgaria to China have increased at an annualized rate of 7.41%, from $1.08B in 2023 to $1.54B in 2018.

Exports from China (Flag) to Bulgaria (Flag) (2023)

Exports from Bulgaria (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from China than Bulgaria included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Bulgaria than China included Gibraltar ($186M), Saint Martin ($1.74M), and Bonaire ($261k).

Difference in imports from Bulgaria (Flag) and China (Flag) (2023)

Comparative Advantage China - Bulgaria

Flow
Scale

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

During 2023, China had a large net trade with Bulgaria in the exports of Machines ($1.44B), Miscellaneous ($287M), and Metals ($234M).

During 2018, Bulgaria had a large net trade with China in the exports of Mineral Products ($519M), Vegetable Products ($309M), and Foodstuffs ($225M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Bulgaria+$77.3MTelephones
Top Product Potential Bulgaria China+$130MRefined Copper

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 China worth $18M, with Communications services ($6.17M), Transportation ($4.45M), and Computer and information services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of China (Flag) and Bulgaria (Flag) (2023)

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