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Pricing

2022
Flag → Flag
Exports $1.22BRnk 43 / 218
2022
Flag → Flag
Top Product $258MIndustrial Fatty Acids, Oils and Alcohols
2022
Flag → Flag
Exports $1.32BRnk 9 / 206
2022
Flag → Flag
Top Product $308MSeed Oils
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 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

Spain-Bulgaria Trade: In 2022, Spain exported $1.22B to Bulgaria. The main products that Spain exported to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($258M), Pig Meat ($103M), and Cars ($45.5M). Over the past 5 years the exports of Spain to Bulgaria have decreased at an annualized rate of 7.33%, from $1.79B in 2017 to $1.22B in 2022.

In 2008, Spain exported services to Bulgaria worth $71M, with Services not allocated ($71M) being the largest in terms of value.

Bulgaria-Spain Trade: In 2022, Bulgaria exported $1.32B to Spain. The main products that Bulgaria exported to Spain were Seed Oils ($308M), Wheat ($114M), and Sunflower Seeds ($65.7M). Over the past 5 years the exports of Bulgaria to Spain have increased at an annualized rate of 7.53%,  from $921M in 2017 to $1.32B in 2022.

In 2020, Bulgaria exported services to Spain worth $119M, with Computer and information services ($34.4M), Travel ($33.4M), and Transportation ($31.5M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €76.3M and imported €70.4M from Bulgaria, resulting in a positive trade balance of €5.84M. Between August 2023 and August 2024 the exports of Spain have decreased by €-5.68M (-6.93%) from €82M to €76.3M, while imports decreased by €-66.2M (-48.5%) from €137M to €70.4M.

Trade In August 2024, the top exports of Spain to Bulgaria were Biodiesel and mixtures thereof (€31.1M), Pig Meat (€10.8M), Cars (€4.32M), Motor vehicles; parts and accessories (8701... (€2.47M), and Unpackaged Medicaments (€1.72M). In August 2024 the top imports of Spain from Bulgaria were Seed Oils (€16.8M), Biodiesel and mixtures thereof (€11.4M), Sunflower Seeds (€7.21M), Rice (€5.11M), and Glass Bottles (€3.51M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€18.7M), Asturias (€10.9M), Girona (€7.45M), A Coruña (€6.93M), and Valencia (€3.6M), while imports destinations were mainly Tarragona (€13.7M), Madrid (€11.2M), Barcelona (€7.35M), Cádiz (€7.29M), and Valencia (€5.75M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Vinyl Chloride Polymers (€-1.19M or -71.2%), Polyacetals (€-1.15M or -90.9%), and Nitrogenous Fertilizers (€-922k or -75.5%). In August 2024, the decrease in Spain's year-by-year imports  from Bulgaria was explained primarily by an decrease in product imports  in Wheat (€-14.1M or -99.8%), Raw Plastic Sheeting (€-767k or -70.1%), and Medical Instruments (€-543k or -64.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-5.68M(-6.93%)
IMPORT GROWTH (August 2023 - August 2024)€-66.2M(-48.5%)
MAIN EXPORTER (August 2024)Barcelona€18.7M

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.22B to Bulgaria. The main products exported from Spain to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($258M), Pig Meat ($103M), and Cars ($45.5M). During the last 5 years the exports of Spain to Bulgaria have decreased at an annualized rate of 7.33%, from $1.79B in 2017 to $1.22B in 2022.

In 2017, Bulgaria exported $1.32B to Spain. The main products exported from Bulgaria to Spain were Seed Oils ($308M), Wheat ($114M), and Sunflower Seeds ($65.7M). During the last 5 years the exports of Bulgaria to Spain have increased at an annualized rate of 7.53%, from $921M in 2022 to $1.32B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Spain than Bulgaria included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

In 2022, countries that imported more from Bulgaria than Spain included Romania ($6.55B), Ukraine ($1.2B), and North Macedonia ($780M).

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

Comparative Advantage Spain - Bulgaria

Flow
Scale

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

During 2022, Spain had a large net trade with Bulgaria in the exports of Chemical Products ($374M), Animal Products ($135M), and Machines ($120M).

During 2017, Bulgaria had a large net trade with Spain in the exports of Animal and Vegetable Bi-Products ($308M), Vegetable Products ($253M), and Machines ($242M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Bulgaria+$22.7MCars
Top Product Potential Bulgaria Spain+$47.1MRefined Petroleum

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

Esp Year

In 2008, Spain exported services to Bulgaria worth $71M, with Services not allocated ($71M) being the largest in terms of value.

In 2020, Bulgaria exported services to Spain worth $119M, with Computer and information services ($34.4M), Travel ($33.4M), and Transportation ($31.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Bulgaria (Flag) (2008)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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