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2023
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Exports $972MRnk 48 / 220
2023
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Top Product $174MPig Meat
2023
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Exports $1.32BRnk 11 / 200
2023
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Top Product $241MWheat
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
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GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
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2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 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

Spain-Bulgaria Trade: In 2023, Spain exported $972M to Bulgaria. The main products that Spain exported to Bulgaria were Pig Meat ($174M), Industrial Fatty Acids, Oils and Alcohols ($117M), and Packaged Medicaments ($30.5M). Over the past 5 years the exports of Spain to Bulgaria have decreased at an annualized rate of 11%, from $1.74B in 2018 to $972M in 2023.

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 2023, Bulgaria exported $1.32B to Spain. The main products that Bulgaria exported to Spain were Wheat ($241M), Industrial Fatty Acids, Oils and Alcohols ($102M), and Corn ($60.7M). Over the past 5 years the exports of Bulgaria to Spain have increased at an annualized rate of 12%,  from $751M in 2018 to $1.32B in 2023.

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 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €83.3M and imported €66.2M from Bulgaria, resulting in a positive trade balance of €17.1M. Between November 2023 and November 2024 the exports of Spain have decreased by €-29.9M (-26.4%) from €113M to €83.3M, while imports decreased by €-12.9M (-16.3%) from €79.2M to €66.2M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€25.6M), Girona (€11.4M), A Coruña (€6.04M), Zaragoza (€5.18M), and Valencia (€4.79M), while imports destinations were mainly Madrid (€11.4M), Barcelona (€10.6M), Valencia (€7.52M), Cádiz (€6.66M), and Lleida (€6.46M).

Growth In November 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 November 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 (November 2023 - November 2024)€-29.9M(-26.4%)
IMPORT GROWTH (November 2023 - November 2024)€-12.9M(-16.3%)
MAIN EXPORTER (November 2024)Barcelona€25.6M

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 2023, Spain exported $972M to Bulgaria. The main products exported from Spain to Bulgaria were Pig Meat ($174M), Industrial Fatty Acids, Oils and Alcohols ($117M), and Packaged Medicaments ($30.5M). During the last 5 years the exports of Spain to Bulgaria have decreased at an annualized rate of 11%, from $1.74B in 2018 to $972M in 2023.

In 2018, Bulgaria exported $1.32B to Spain. The main products exported from Bulgaria to Spain were Wheat ($241M), Industrial Fatty Acids, Oils and Alcohols ($102M), and Corn ($60.7M). During the last 5 years the exports of Bulgaria to Spain have increased at an annualized rate of 12%, from $751M in 2023 to $1.32B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Bulgaria
Top DestinationGermany$6.84B

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 2023, countries that imported more from Spain than Bulgaria included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

In 2023, countries that imported more from Bulgaria than Spain included Romania ($5.63B), North Macedonia ($581M), and Serbia ($1.01B).

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

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 2023, Spain had a large net trade with Bulgaria in the exports of Chemical Products ($228M), Animal Products ($211M), and Machines ($116M).

During 2018, Bulgaria had a large net trade with Spain in the exports of Vegetable Products ($396M), Machines ($223M), and Chemical Products ($163M).

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) (2023)

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