Hungary (HUN) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Hungary-Bulgaria Trade: In 2022, Hungary exported $1.2B to Bulgaria. The main products that Hungary exported to Bulgaria were Packaged Medicaments ($180M), Cars ($136M), and Electric Batteries ($105M). Over the past 5 years the exports of Hungary to Bulgaria have increased at an annualized rate of 103%, from $35.3M in 2017 to $1.2B in 2022.

In 2020, Hungary exported services to Bulgaria worth $192M, with Transportation ($112M), Travel ($53M), and Other business services ($11.1M) being the largest in terms of value.

Bulgaria-Hungary Trade: In 2022, Bulgaria exported $514M to Hungary. The main products that Bulgaria exported to Hungary were Industrial Fatty Acids, Oils and Alcohols ($137M), Refined Petroleum ($85.6M), and Other Small Iron Pipes ($43M). Over the past 5 years the exports of Bulgaria to Hungary have increased at an annualized rate of 89.7%, from $20.9M in 2017 to $514M in 2022.

In 2020, Bulgaria exported services to Hungary worth $79.7M, with Transportation ($38.3M), Other business services ($16.6M), and Travel ($15.3M) being the largest in terms of value.

Comparison: In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $1.2B to Bulgaria. The main products exported from Hungary to Bulgaria were Packaged Medicaments ($180M), Cars ($136M), and Electric Batteries ($105M). During the last 5 years the exports of Hungary to Bulgaria have increased at an annualized rate of 103%, from $35.3M in 2017 to $1.2B in 2022.

In 2017, Bulgaria exported $514M to Hungary. The main products exported from Bulgaria to Hungary were Industrial Fatty Acids, Oils and Alcohols ($137M), Refined Petroleum ($85.6M), and Other Small Iron Pipes ($43M). During the last 22 years the exports of Bulgaria to Hungary have increased at an annualized rate of 89.7%, from $20.9M in 1995 to $514M in 2017.

Exports from Hungary () to Bulgaria () (2022)

Exports from Bulgaria () to Hungary () (2022)

Latest Data

Trade between Hungary () and Bulgaria ()

Hungary Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Hungary than Bulgaria included Germany ($35.5B), Slovakia ($6.78B), and Austria ($6.32B).

In 2022, countries that imported more from Bulgaria than Hungary included Greece ($2.93B), Turkey ($2.95B), and Egypt ($851M).

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

Comparative Advantage Hungary - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Bulgaria in the exports of Machines ($702M), Chemical Products ($313M), and Transportation ($187M).

During 2017, Bulgaria had a large net trade with Hungary in the exports of Chemical Products ($173M), Metals ($161M), and Machines ($158M).

Service Trade

Bilateral Service Trade

Bgr Year

Hun Year

In 2020, Hungary exported services to Bulgaria worth $192M, with Transportation ($112M), Travel ($53M), and Other business services ($11.1M) being the largest in terms of value.

In 2020, Bulgaria exported services to Hungary worth $79.7M, with Transportation ($38.3M), Other business services ($16.6M), and Travel ($15.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Bulgaria () (2022)

Exports from Bulgaria () to Hungary () (2022)

Latest Data

Trade between Hungary () and Bulgaria ()

Hungary Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Hungary - Bulgaria

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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