2022
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GDP
$89BCURRENT US$
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2012-2022
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GDP GROWTH
64%CURRENT US$
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2022
Flag
 GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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GDP PC 
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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2022
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GDP PC
$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH
11%CURRENT US$
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About

Bulgaria-Belgium In 2022, Bulgaria exported $1.29B to Belgium. The main products that Bulgaria exported to Belgium are Raw Copper ($566M), Motorcycles and cycles ($118M), and Rapeseed ($52.8M). During the last 23 years the exports of Bulgaria to Belgium have increased at an annualized rate of 8.6%, from $193M in 1999 to $1.29B in 2022.

In 2020, Bulgaria exported services to Belgium worth $254M, with Other business services ($126M), Transportation ($52.1M), and Travel ($39.1M) being the largest in terms of value.

Belgium-Bulgaria In 2022, Belgium exported $1.01B to Bulgaria. The main products that Belgium exported to Bulgaria were Tractors ($64.2M), Cars ($59.3M), and Industrial Fatty Acids, Oils and Alcohols ($51.1M). During the last 23 years the exports of Belgium to Bulgaria have increased at an annualized rate of 10.5%, from $101M in 1999 to $1.01B in 2022.

In 2020, Belgium exported services to Bulgaria worth $234M, with Other business services ($91.4M), Travel ($72M), and Computer and information services ($42.3M) being the largest in terms of value.

Comparison In 2022,  Bulgaria ranked 37 in the Economic Complexity Index (ECI 0.66), and 60 in total exports ($51.9B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $1.29B to Belgium. The main products exported from Bulgaria to Belgium were Raw Copper ($566M), Motorcycles and cycles ($118M), and Rapeseed ($52.8M). During the last 23 years the exports of Bulgaria to Belgium have increased at an annualized rate of 8.6%, from $193M in 1999 to $1.29B in 2022.

In 2022, Belgium exported $1.01B to Bulgaria. The main products exported from Belgium to Bulgaria were Tractors ($64.2M), Cars ($59.3M), and Industrial Fatty Acids, Oils and Alcohols ($51.1M). During the last 23 years the exports of Belgium to Bulgaria have increased at an annualized rate of 10.5%, from $101M in 1999 to $1.01B in 2022.

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

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

Latest Data

Trade between Bulgaria (Flag) and Belgium (Flag)

Bulgaria Exports

Belgium Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Belgium
Top Destination
Germany$91.9B

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

In 2021, countries that imported more from Bulgaria than Belgium were Romania ($6.55B), Serbia ($1.29B), and Greece ($2.93B).

In 2021, countries that imported more from Belgium than Bulgaria were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Bulgaria - Belgium

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Belgium in the exports of Metals ($647M), Transportation ($154M), and Machines ($110M).

During 2022, Belgium had a large net trade with Bulgaria in the exports of Machines ($221M), Transportation ($178M), and Chemical Products ($176M).

Service Trade

Bilateral Service Trade

In 2020, Bulgaria exported services to Belgium worth $254M, with Other business services ($126M), Transportation ($52.1M), and Travel ($39.1M) being the largest in terms of value.

In 2020, Belgium exported services to Bulgaria worth $234M, with Other business services ($91.4M), Travel ($72M), and Computer and information services ($42.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Bulgaria has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Bulgaria.

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

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