Overview In December 2022, Germany exported €450M and imported €471M from Bulgaria, resulting in a negative trade balance of €21.1M. Between December 2021 and December 2022 the exports of Germany have increased by €95.8M (27%) from €354M to €450M, while imports increased by €78M (19.8%) from €393M to €471M.
Trade In December 2022, the top exports of Germany to Bulgaria were Pharmaceutical products (€27.4M), Machinery for electricity production, distribution (€23M), Motor cars and motor caravans (€22.3M), Electronic devices (€18.1M), and Plates and sheets of iron or... (€16.9M). In December 2022 the top imports of Germany from Bulgaria were Machinery for electricity production, distribution (€54.8M), Other raw materials inclusive waste (€51.2M), Copper and copper alloys, incl. waste,... (€48.2M), Oilseed and oleaginous fruits (€25.1M), and Measuring and automatical control instruments (€18.6M).
Origins In December 2022 the exports of Germany were mainly from North Rhine-Westphalia (€77.1M), Baden-Württemberg (€69.6M), Bavaria (€65.5M), Hesse (€21.5M), and Lower Saxony (€20.2M), while imports destinations were mainly Bavaria (€98.2M), Baden-Württemberg (€83.6M), Hamburg (€83.5M), North Rhine-Westphalia (€65.8M), and Lower Saxony (€46.3M).
Growth In December 2022, the increase in Germany's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Plates and sheets of iron or... (€14M or 475%), Pharmaceutical products (€8.02M or 41.5%), and Electronic devices (€4.19M or 30%). In December 2022, the increase in Germany's year-by-year imports from Bulgaria was explained primarily by an increase in product imports in [object Object], [object Object], and [object Object].