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2023
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Exports $202MRnk 100 / 211
2023
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Top Product $49.6MCars
2023
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Exports $130MRnk 54 / 200
2023
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Top Product $17.4MGas Turbines
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
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2023
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 GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
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GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
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2023
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GDP PC$15,886CURRENT US$
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2013-2023
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GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Japan-Bulgaria Trade: In 2023, Japan exported $202M to Bulgaria. The main products that Japan exported to Bulgaria were Cars ($49.6M), Bi-Wheel Vehicle Parts ($13.3M), and Medical Instruments ($10.9M). Over the past 5 years the exports of Japan to Bulgaria have increased at an annualized rate of 3.89%, from $167M in 2018 to $202M in 2023.

In 2023, Japan did not export any services to Bulgaria.

Bulgaria-Japan Trade: In 2023, Bulgaria exported $130M to Japan. The main products that Bulgaria exported to Japan were Gas Turbines ($17.4M), Non-Knit Men's Coats ($6.09M), and Integrated Circuits ($5.76M). Over the past 5 years the exports of Bulgaria to Japan have increased at an annualized rate of 1.7%,  from $119M in 2018 to $130M in 2023.

In 2020, Bulgaria exported services to Japan worth $16.9M, with Royalties and license fees ($6.62M), Computer and information services ($5.37M), and Travel ($1.83M) being the largest in terms of value.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥1.31B and imported ¥1.71B from Bulgaria, resulting in a negative trade balance of ¥401M. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-617M (-32%) from ¥1.93B to ¥1.31B, while imports increased by ¥199M (13.1%) from ¥1.51B to ¥1.71B.

Trade In November 2024, the top exports of Japan to Bulgaria were Commodities not elsewhere specified (¥530M), Large Construction Vehicles (¥269M), Medical Instruments (¥151M), Hydrometers (¥120M), and Rubber Tires (¥94.5M). In November 2024 the top imports of Japan from Bulgaria were Electrical Power Accessories (¥106M), Non-Knit Men's Coats (¥99M), Knit T-shirts (¥83.5M), Medical Instruments (¥61.6M), and Bird Feathers and Skins (¥58.5M).

Origins In November 2024 the exports of Japan were mainly from Tokyo (¥337M), Osaka (¥287M), Aichi (¥208M), Fukuoka (¥143M), and Hyōgo (¥116M), while imports destinations were mainly Osaka (¥524M), Chiba (¥414M), Tokyo (¥316M), Fukuoka (¥153M), and Aichi (¥121M).

Growth In November 2024, the decrease in Japan's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Excavation Machinery (¥-142M or -84%), Bi-Wheel Vehicle Parts (¥-101M or -62.8%), and X-Ray Equipment (¥-68.8M or -86.5%). In November 2024, the increase in Japan's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Non-Knit Men's Coats (¥77.9M or 369%), Medical Instruments (¥47.6M or 340%), and Bird Feathers and Skins (¥32.8M or 127%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-617M(-32%)
IMPORT GROWTH (November 2023 - November 2024)¥199M(13.1%)
MAIN EXPORTER (November 2024)Tokyo¥337M

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $202M to Bulgaria. The main products exported from Japan to Bulgaria were Cars ($49.6M), Bi-Wheel Vehicle Parts ($13.3M), and Medical Instruments ($10.9M). During the last 5 years the exports of Japan to Bulgaria have increased at an annualized rate of 3.89%, from $167M in 2018 to $202M in 2023.

In 2018, Bulgaria exported $130M to Japan. The main products exported from Bulgaria to Japan were Gas Turbines ($17.4M), Non-Knit Men's Coats ($6.09M), and Integrated Circuits ($5.76M). During the last 5 years the exports of Bulgaria to Japan have increased at an annualized rate of 1.7%, from $119M in 2023 to $130M in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Japan than Bulgaria included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Bulgaria than Japan included Romania ($5.63B), Greece ($3.04B), and Serbia ($1.01B).

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

Comparative Advantage Japan - Bulgaria

Flow
Scale

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

During 2023, Japan had a large net trade with Bulgaria in the exports of Transportation ($72.5M), Machines ($68.7M), and Instruments ($18.8M).

During 2018, Bulgaria had a large net trade with Japan in the exports of Machines ($48.2M), Textiles ($31.7M), and Animal Products ($10.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Bulgaria+$40.6MCars
Top Product Potential Bulgaria Japan+$15.1MIntegrated Circuits

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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Bilateral Service Trade

In 2020, Bulgaria exported services to Japan worth $16.9M, with Royalties and license fees ($6.62M), Computer and information services ($5.37M), and Travel ($1.83M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Japan (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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