Greece (GRC) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Greece-Bulgaria In 2022, Greece exported $3.62B to Bulgaria. The main products that Greece exported to Bulgaria are Petroleum Gas ($1.27B), Crude Petroleum ($187M), and Semiconductor Devices ($133M). During the last 27 years the exports of Greece to Bulgaria have increased at an annualized rate of 8.07%, from $446M in 1995 to $3.62B in 2022.

In 2020, Greece exported services to Bulgaria worth $234M, with Travel ($89.4M), Other business services ($49.2M), and Transportation ($47.9M) being the largest in terms of value.

Bulgaria-Greece In 2022, Bulgaria exported $2.93B to Greece. The main products that Bulgaria exported to Greece were Petroleum Gas ($200M), Wheat ($161M), and Industrial Fatty Acids, Oils and Alcohols ($145M). During the last 27 years the exports of Bulgaria to Greece have increased at an annualized rate of 7.13%, from $456M in 1995 to $2.93B in 2022.

In 2020, Bulgaria exported services to Greece worth $257M, with Travel ($122M), Transportation ($99.3M), and Other business services ($25.6M) being the largest in terms of value.

Comparison In 2022, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B). That same year, Bulgaria ranked 37 in the Economic Complexity Index (ECI 0.66), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $3.62B to Bulgaria. The main products exported from Greece to Bulgaria were Petroleum Gas ($1.27B), Crude Petroleum ($187M), and Semiconductor Devices ($133M). During the last 27 years the exports of Greece to Bulgaria have increased at an annualized rate of 8.07%, from $446M in 1995 to $3.62B in 2022.

In 2022, Bulgaria exported $2.93B to Greece. The main products exported from Bulgaria to Greece were Petroleum Gas ($200M), Wheat ($161M), and Industrial Fatty Acids, Oils and Alcohols ($145M). During the last 27 years the exports of Bulgaria to Greece have increased at an annualized rate of 7.13%, from $456M in 1995 to $2.93B in 2022.

Exports from Greece () to Bulgaria () (2022)

Exports from Bulgaria () to Greece () (2022)

Latest Data

Trade between Greece () and Bulgaria ()

Greece Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Bulgaria
Top DestinationGermany$6.91B

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

In 2021, countries that imported more from Greece than Bulgaria were Cyprus ($2.92B), Italy ($5.82B), and Libya ($1.95B).

In 2021, countries that imported more from Bulgaria than Greece were Romania ($6.55B), Germany ($6.91B), and Ukraine ($1.2B).

Difference in imports from Bulgaria () and Greece () (2022)

Comparative Advantage Greece - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Bulgaria in the exports of Mineral Products ($1.61B), Metals ($410M), and Machines ($282M).

During 2022, Bulgaria had a large net trade with Greece in the exports of Vegetable Products ($378M), Metals ($328M), and Mineral Products ($295M).

Service Trade

Bilateral Service Trade

Bgr Year

Grc Year

In 2020, Greece exported services to Bulgaria worth $234M, with Travel ($89.4M), Other business services ($49.2M), and Transportation ($47.9M) being the largest in terms of value.

In 2020, Bulgaria exported services to Greece worth $257M, with Travel ($122M), Transportation ($99.3M), and Other business services ($25.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece () to Bulgaria () (2020)

Services Exports from Bulgaria () to Greece () (2020)

Economic Complexity

Competitive Landscape

Year

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 Greece has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Greece.

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Bulgaria () (2022)

Exports from Bulgaria () to Greece () (2022)

Latest Data

Trade between Greece () and Bulgaria ()

Greece Exports

Bulgaria Exports

Market Competitiveness

Difference in imports from Bulgaria () and Greece () (2022)

Comparative Advantage Greece - Bulgaria

Service Trade

Bilateral Service Trade

Services Exports from Greece () to Bulgaria () (2020)

Services Exports from Bulgaria () to Greece () (2020)

Economic Complexity

Competitive Landscape

Product Space of Greece () and Bulgaria () (2022)

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