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

About

Greece-Bulgaria In 2021, Greece exported $3.48B to Bulgaria. The main products that Greece exported to Bulgaria are Petroleum Gas ($315M), Crude Petroleum ($221M), and Refined Petroleum ($113M). During the last 26 years the exports of Greece to Bulgaria have increased at an annualized rate of 8.22%, from $446M in 1995 to $3.48B in 2021.

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 2021, Bulgaria exported $3.55B to Greece. The main products that Bulgaria exported to Greece were Wheat ($236M), Corn ($152M), and Seed Oils ($119M). During the last 26 years the exports of Bulgaria to Greece have increased at an annualized rate of 8.21%, from $456M in 1995 to $3.55B in 2021.

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 2021, Greece ranked 50 in the Economic Complexity Index (ECI 0.32), and 44 in total exports ($82B). That same year, Bulgaria ranked 40 in the Economic Complexity Index (ECI 0.63), and 59 in total exports ($43.3B).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Greece exported $3.48B to Bulgaria. The main products exported from Greece to Bulgaria were Petroleum Gas ($315M), Crude Petroleum ($221M), and Refined Petroleum ($113M). During the last 26 years the exports of Greece to Bulgaria have increased at an annualized rate of 8.22%, from $446M in 1995 to $3.48B in 2021.

In 2021, Bulgaria exported $3.55B to Greece. The main products exported from Bulgaria to Greece were Wheat ($236M), Corn ($152M), and Seed Oils ($119M). During the last 26 years the exports of Bulgaria to Greece have increased at an annualized rate of 8.21%, from $456M in 1995 to $3.55B in 2021.

Latest Data

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Greece Exports

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Date

Bulgaria Exports

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Date

Market Competitiveness

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Color

SectionYear

Greece
Top Destination: Italy, $6.8B

Bulgaria
Top Destination: Germany, $6.2B

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 ($4.47B), Italy ($6.8B), and France ($4.31B).

In 2021, countries that imported more from Bulgaria than Greece were Romania ($4.36B), Belgium ($1.35B), and China ($1.49B).

Comparative Advantage Greece - Bulgaria

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Flow

Scale

Year

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

During 2021, Greece had a large net trade with Bulgaria in the exports of Mineral Products ($762M), Metals ($493M), and Foodstuffs ($384M).

During 2021, Bulgaria had a large net trade with Greece in the exports of Vegetable Products ($545M), Metals ($423M), and Machines ($409M).

Service Trade

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Bilateral Service Trade

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Bgr YearGrc 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.

Economic Complexity

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Competitive Landscape

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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

Latest Data

Greece Exports

Bulgaria Exports

Market Competitiveness

Comparative Advantage Greece - Bulgaria

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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