Ireland (IRL) and Bulgaria (BGR) Trade | OEC - The Observatory of Economic Complexity

About

Ireland-Bulgaria In 2021, Ireland exported $301M to Bulgaria. The main products that Ireland exported to Bulgaria are Packaged Medicaments ($83.3M), Unpackaged Medicaments ($66.2M), and Scented Mixtures ($28M). During the last 26 years the exports of Ireland to Bulgaria have increased at an annualized rate of 13.3%, from $11.7M in 1995 to $301M in 2021.

In 2020, Ireland exported services to Bulgaria worth $38.8M, with Other business services ($27.4M), Insurance services ($8M), and Transportation ($1.14M) being the largest in terms of value.

Bulgaria-Ireland In 2021, Bulgaria exported $86.6M to Ireland. The main products that Bulgaria exported to Ireland were Packaged Medicaments ($11.4M), Light Fixtures ($10.2M), and Refined Petroleum ($7.12M). During the last 26 years the exports of Bulgaria to Ireland have increased at an annualized rate of 12.4%, from $4.11M in 1995 to $86.6M in 2021.

In 2020, Bulgaria exported services to Ireland worth $181M, with Other business services ($63.8M), Computer and information services ($57.3M), and Communications services ($40.3M) being the largest in terms of value.

Comparison In 2021, Ireland ranked 17 in the Economic Complexity Index (ECI 1.29), and 30 in total exports ($212B). That same year, Bulgaria ranked 40 in the Economic Complexity Index (ECI 0.63), and 59 in total exports ($43.3B).

Latest Trends

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February, 2023

About

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Overview In February 2023, Ireland exported €13M and imported €12.2M from Bulgaria, resulting in a positive trade balance of €727k. Between February 2022 and February 2023 the exports of Ireland have increased by €5.47M (73.1%) from €7.48M to €13M, while imports increased by €9.6M (365%) from €2.63M to €12.2M.

Trade In February 2023, the top exports of Ireland to Bulgaria were Medicinal and pharmaceutical products (€3.65M), Chemical materials and products, n.e.s. (€2.06M), Manufactures of metal, n.e.s. (€1.02M), Beverages (€492k), and Office machines and automatic data processing... (€340k). In February 2023 the top imports of Ireland from Bulgaria were Medicinal and pharmaceutical products (€1.04M), Electrical machinery, appliances etc., n.e.s. (€544k), Articles of apparel and clothing accessories (€423k), Textile yarn, fabrics, made-up articles and... (€403k), and Miscellaneous manufactured articles, n.e.s. (€313k).

Growth In February 2023, the increase in Ireland's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€1.22M or 50%), Chemical materials and products, n.e.s. (€569k or 38.2%), and Beverages (€47k or 10.6%). In February 2023, the increase in Ireland's year-by-year imports from Bulgaria was explained primarily by an increase in product imports in Medicinal and pharmaceutical products (€599k or 135%), Textile yarn, fabrics, made-up articles and... (€249k or 162%), and Miscellaneous manufactured articles, n.e.s. (€245k or 360%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (February 2022 - February 2023): €5.47M, (73.1%)

IMPORT GROWTH (February 2022 - February 2023): €9.6M, (365%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Bulgaria and Ireland trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Ireland exported $301M to Bulgaria. The main products exported from Ireland to Bulgaria were Packaged Medicaments ($83.3M), Unpackaged Medicaments ($66.2M), and Scented Mixtures ($28M). During the last 26 years the exports of Ireland to Bulgaria have increased at an annualized rate of 13.3%, from $11.7M in 1995 to $301M in 2021.

In 2021, Bulgaria exported $86.6M to Ireland. The main products exported from Bulgaria to Ireland were Packaged Medicaments ($11.4M), Light Fixtures ($10.2M), and Refined Petroleum ($7.12M). During the last 26 years the exports of Bulgaria to Ireland have increased at an annualized rate of 12.4%, from $4.11M in 1995 to $86.6M in 2021.

Market Competitiveness

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Color

SectionYear

Ireland
Top Destination: United States, $59.8B

Bulgaria
Top Destination: Germany, $6.2B

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

In 2021, countries that imported more from Ireland than Bulgaria were United States ($59.8B), United Kingdom ($19.7B), and Germany ($23.3B).

In 2021, countries that imported more from Bulgaria than Ireland were Romania ($4.36B), Turkey ($2.57B), and Greece ($3.55B).

Comparative Advantage Ireland - Bulgaria

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Flow

Scale

Year

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

During 2021, Ireland had a large net trade with Bulgaria in the exports of Chemical Products ($212M), Machines ($30.5M), and Foodstuffs ($28M).

During 2021, Bulgaria had a large net trade with Ireland in the exports of Machines ($17.2M), Chemical Products ($16.8M), and Miscellaneous ($13M).

Service Trade

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Bilateral Service Trade

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Bgr YearIrl Year

In 2020, Ireland exported services to Bulgaria worth $38.8M, with Other business services ($27.4M), Insurance services ($8M), and Transportation ($1.14M) being the largest in terms of value.

In 2020, Bulgaria exported services to Ireland worth $181M, with Other business services ($63.8M), Computer and information services ($57.3M), and Communications services ($40.3M) 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 Ireland has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Ireland.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Ireland - Bulgaria

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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