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2022
Flag → Flag
Exports $5.63BRnk 43 / 223
2022
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Top Product $423MCars
2022
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Exports $6.91BRnk 1 / 206
2022
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Top Product $865MRaw Copper
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$89BCURRENT US$
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2012-2022
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GDP GROWTH64%CURRENT US$
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2022
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GDP PC $48,432CURRENT US$
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2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Germany-Bulgaria Trade: In 2022, Germany exported $5.63B 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 6.88%, from $4.03B in 2017 to $5.63B 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 $6.91B 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 9.14%,  from $4.46B in 2017 to $6.91B 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).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €474M and imported €536M from Bulgaria, resulting in a negative trade balance of €62M. Between August 2023 and August 2024 the exports of Germany have increased by €653k (0.14%) from €473M to €474M, while imports increased by €49.3M (10.1%) from €487M to €536M.

Trade In August 2024, the top exports of Germany to Bulgaria were Pharmaceutical products (€32.6M), Motor cars and motor caravans (€31.8M), Machinery for electricity production, distribution (€25.8M), Estimations for non-response (€25.4M), and Electronic devices (€24.2M). In August 2024 the top imports of Germany from Bulgaria were Other raw materials inclusive waste (€93.6M), Machinery for electricity production, distribution (€71.5M), Estimations for non-response (€41M), Estimations for exemptions (€21.2M), and Measuring and automatical control instruments (€19.6M).

Origins In August 2024 the exports of Germany were mainly from North Rhine-Westphalia (€77.8M), Bavaria (€75.1M), Baden-Württemberg (€69M), Lower Saxony (€26.5M), and Hesse (€25M), while imports destinations were mainly North Rhine-Westphalia (€123M), Hamburg (€93.7M), Bavaria (€88.5M), Baden-Württemberg (€85.4M), and Lower Saxony (€46.2M).

Growth In August 2024, the increase in Germany's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Estimations for non-response (€25.3M or 18k%), Motor cars and motor caravans (€9.45M or 42.3%), and Other articles of iron, iron sheet,... (€6.83M or 46%). In August 2024, the increase in Germany's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Other raw materials inclusive waste (€42.4M or 82.9%), Estimations for non-response (€26.6M or 185%), and Machinery for electricity production, distribution (€16.7M or 30.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€653k(0.14%)
IMPORT GROWTH (August 2023 - August 2024)€49.3M(10.1%)
MAIN EXPORTER (August 2024)North Rhine-Westphalia€77.8M

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $5.63B 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 6.88%, from $4.03B in 2017 to $5.63B in 2022.

In 2017, Bulgaria exported $6.91B 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 5 years the exports of Bulgaria to Germany have increased at an annualized rate of 9.14%, from $4.46B in 2022 to $6.91B in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Bulgaria
Top DestinationGermany$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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