2023
Flag  
GDP
$514BCURRENT US$
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2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
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2023
Flag
 GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
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2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$15,886CURRENT US$
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2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
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About

Israel-Bulgaria Trade: In 2023, Israel exported $139M to Bulgaria. The main products that Israel exported to Bulgaria were Crude Petroleum ($24.6M), Scrap Copper ($22.8M), and Refined Petroleum ($13.9M). Over the past 5 years the exports of Israel to Bulgaria have increased at an annualized rate of 22%, from $51.5M in 2018 to $139M in 2023.

In 2012, Israel exported services to Bulgaria worth $89.6M, with Computer and information services ($89.6M) being the largest in terms of value.

Bulgaria-Israel Trade: In 2023, Bulgaria exported $178M to Israel. The main products that Bulgaria exported to Israel were Other Vegetable Residues ($27.1M), Wheat ($9.72M), and Carbonates ($9.01M). Over the past 5 years the exports of Bulgaria to Israel have increased at an annualized rate of 8.86%,  from $116M in 2018 to $178M in 2023.

In 2009, Bulgaria exported services to Israel worth $135M, with Services not allocated ($67.5M), Travel ($57.1M), and Other business services ($2.87M) being the largest in terms of value.

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Israel exported $139M to Bulgaria. The main products exported from Israel to Bulgaria were Crude Petroleum ($24.6M), Scrap Copper ($22.8M), and Refined Petroleum ($13.9M). During the last 5 years the exports of Israel to Bulgaria have increased at an annualized rate of 22%, from $51.5M in 2018 to $139M in 2023.

In 2018, Bulgaria exported $178M to Israel. The main products exported from Bulgaria to Israel were Other Vegetable Residues ($27.1M), Wheat ($9.72M), and Carbonates ($9.01M). During the last 5 years the exports of Bulgaria to Israel have increased at an annualized rate of 8.86%, from $116M in 2023 to $178M in 2018.

Exports from Israel (Flag) to Bulgaria (Flag) (2023)

Exports from Bulgaria (Flag) to Israel (Flag) (2023)

Latest Data

Trade between Israel (Flag) and Bulgaria (Flag)

Israel Exports

Bulgaria Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Bulgaria
Top Destination
Germany$6.84B

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

In 2023, countries that imported more from Israel than Bulgaria included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Bulgaria than Israel included Romania ($5.63B), Germany ($6.84B), and Italy ($4.06B).

Difference in imports from Bulgaria (Flag) and Israel (Flag) (2023)

Comparative Advantage Israel - Bulgaria

Flow
Scale

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

During 2023, Israel had a large net trade with Bulgaria in the exports of Mineral Products ($39.2M), Chemical Products ($36M), and Metals ($23.8M).

During 2018, Bulgaria had a large net trade with Israel in the exports of Foodstuffs ($50.4M), Machines ($21.8M), and Chemical Products ($17.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Bulgaria+$2.44MPesticides
Top Product Potential Bulgaria Israel+$23.1MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

Product Space of Israel (Flag) and Bulgaria (Flag) (2023)

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