Flag Italy / Bulgaria Flag

2020
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Exports
: $2.29B, Rnk 38 / 213

2020
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Top Product
: $77.1M, Electricity

2020
FlagFlag
Exports
: $2.51B, Rnk 3 / 204

2020
FlagFlag
Top Product
: $141M, Petroleum Gas

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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Economic Complexity (ECI)
: ECI 0.52, Rnk 41 / 127

2020
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GDP
: $1.89T, CURRENT US$
Rnk 8 / 204

2010-2020
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GDP GROWTH
: -11.4%, CURRENT US$
Rnk 186 / 204

2020
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 GDP
: $69.9B, CURRENT US$
Rnk 73 / 204

2010-2020
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GDP GROWTH
: 37.9%, CURRENT US$
Rnk 80 / 204

2020
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GDP PC 
: $31,835, CURRENT US$
Rnk 36 / 204

2010-2020
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GDP PC GROWTH
: -11.7%, CURRENT US$
Rnk 172 / 204

2020
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GDP PC
: $10,079, CURRENT US$
Rnk 79 / 204

2010-2020
Flag
GDP PC GROWTH
: 47.1%, CURRENT US$
Rnk 33 / 204

Italy-Bulgaria In 2020, Italy exported $2.29B to Bulgaria. The main products that Italy exported to Bulgaria are Electricity ($77.1M), Cars ($56.6M), and Valves ($43.9M). During the last 25 years the exports of Italy to Bulgaria have increased at an annualized rate of 7%, from $421M in 1995 to $2.29B in 2020.

In 2020, Italy exported services to Bulgaria worth $221M, with Transportation ($67.3M), Travel ($53.1M), and Other business services ($47.1M) being the largest in terms of value.

Bulgaria-Italy In 2020, Bulgaria exported $2.51B to Italy. The main products that Bulgaria exported to Italy were Petroleum Gas ($141M), Electrical Power Accessories ($106M), and Ball Bearings ($80.1M). During the last 25 years the exports of Bulgaria to Italy have increased at an annualized rate of 6.87%, from $478M in 1995 to $2.51B in 2020.

In 2020, Bulgaria exported services to Italy worth $189M, with Transportation ($99.4M), Travel ($41.7M), and Other business services ($28.6M) being the largest in terms of value.

Comparison In 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Bulgaria ranked 41 in the Economic Complexity Index (ECI 0.52), and 59 in total exports ($33.2B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Italy exported $2.29B to Bulgaria. The main products exported from Italy to Bulgaria were Electricity ($77.1M), Cars ($56.6M), and Valves ($43.9M). During the last 25 years the exports of Italy to Bulgaria have increased at an annualized rate of 7%, from $421M in 1995 to $2.29B in 2020.

In 2020, Bulgaria exported $2.51B to Italy. The main products exported from Bulgaria to Italy were Petroleum Gas ($141M), Electrical Power Accessories ($106M), and Ball Bearings ($80.1M). During the last 25 years the exports of Bulgaria to Italy have increased at an annualized rate of 6.87%, from $478M in 1995 to $2.51B in 2020.

Bulgaria Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $62.1B

Bulgaria
Top Destination
: Germany, $5.31B

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

In 2019, countries that imported more from Italy than Bulgaria were Germany ($62.1B), France ($49.5B), and United States ($47.9B).

In 2019, countries that imported more from Bulgaria than Italy were Namibia ($210M), North Macedonia ($469M), and Saint Martin ($1.01M).

Comparative Advantage Italy - Bulgaria

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Flow
Scale

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

During 2020, Italy had a large net trade with Bulgaria in the exports of Machines ($564M), Textiles ($323M), and Metals ($246M).

During 2020, Bulgaria had a large net trade with Italy in the exports of Machines ($504M), Textiles ($378M), and Metals ($345M).

Bilateral Service Trade

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In 2020, Italy exported services to Bulgaria worth $221M, with Transportation ($67.3M), Travel ($53.1M), and Other business services ($47.1M) being the largest in terms of value.

In 2020, Bulgaria exported services to Italy worth $189M, with Transportation ($99.4M), Travel ($41.7M), and Other business services ($28.6M) 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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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 Italy has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Italy.