2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186

About

Germany-Bulgaria Trade: In 2022, Germany exported $4.03B to Bulgaria. The main products that Germany exported to Bulgaria were Cars ($423M), Packaged Medicaments ($264M), and Tractors ($173M). Over the past 5 years the exports of Germany to Bulgaria have increased at an annualized rate of 35.3%, from $890M in 2017 to $4.03B in 2022.

In 2020, Germany exported services to Bulgaria worth $386M, with Transportation ($179M), Other business services ($122M), and Computer and information services ($59.4M) being the largest in terms of value.

Bulgaria-Germany Trade: In 2022, Bulgaria exported $4.46B to Germany. The main products that Bulgaria exported to Germany were Raw Copper ($865M), Precious Metal Ore ($569M), and Electrical Power Accessories ($227M). Over the past 5 years the exports of Bulgaria to Germany have increased at an annualized rate of 53%,  from $532M in 2017 to $4.46B in 2022.

In 2020, Bulgaria exported services to Germany worth $995M, with Computer and information services ($343M), Transportation ($282M), and Travel ($174M) being the largest in terms of value.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $4.03B to Bulgaria. The main products exported from Germany to Bulgaria were Cars ($423M), Packaged Medicaments ($264M), and Tractors ($173M). During the last 5 years the exports of Germany to Bulgaria have increased at an annualized rate of 35.3%, from $890M in 2017 to $4.03B in 2022.

In 2017, Bulgaria exported $4.46B to Germany. The main products exported from Bulgaria to Germany were Raw Copper ($865M), Precious Metal Ore ($569M), and Electrical Power Accessories ($227M). During the last 22 years the exports of Bulgaria to Germany have increased at an annualized rate of 53%, from $532M in 1995 to $4.46B in 2017.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from Germany than Bulgaria included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Bulgaria than Germany included Gibraltar ($552M) and Namibia ($203M).

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

Comparative Advantage Germany - Bulgaria

Flow
Scale

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

During 2022, Germany had a large net trade with Bulgaria in the exports of Machines ($1.75B), Transportation ($953M), and Chemical Products ($684M).

During 2017, Bulgaria had a large net trade with Germany in the exports of Machines ($1.78B), Metals ($1.73B), and Transportation ($641M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Bulgaria+$107MCars
Top Product Potential Bulgaria Germany+$69.1MPackaged Medicaments

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, Germany exported services to Bulgaria worth $386M, with Transportation ($179M), Other business services ($122M), and Computer and information services ($59.4M) being the largest in terms of value.

In 2020, Bulgaria exported services to Germany worth $995M, with Computer and information services ($343M), Transportation ($282M), and Travel ($174M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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