Norway (NOR) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

About

Norway-Bulgaria In 2022, Norway exported $55.6M to Bulgaria. The main products that Norway exported to Bulgaria are Mixed Mineral or Chemical Fertilizers ($17.7M), Raw Aluminium ($8.99M), and Non-fillet Frozen Fish ($4.73M). During the last 27 years the exports of Norway to Bulgaria have increased at an annualized rate of 6.53%, from $10.1M in 1995 to $55.6M in 2022.

In 2022, Norway did not export any services to Bulgaria.

Bulgaria-Norway In 2022, Bulgaria exported $95.3M to Norway. The main products that Bulgaria exported to Norway were Sunflower Seeds ($12.2M), Electrical Power Accessories ($7.18M), and Packaged Medicaments ($5.32M). During the last 27 years the exports of Bulgaria to Norway have increased at an annualized rate of 9%, from $9.3M in 1995 to $95.3M in 2022.

In 2020, Bulgaria exported services to Norway worth $19.3M, with Computer and information services ($9.02M), Other business services ($4.23M), and Transportation ($2.51M) being the largest in terms of value.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Bulgaria ranked 37 in the Economic Complexity Index (ECI 0.66), and 60 in total exports ($51.9B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK73.8M and imported NOK118M from Bulgaria, resulting in a negative trade balance of NOK44.2M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-3.11M (-4.04%) from NOK76.9M to NOK73.8M, while imports increased by NOK13.2M (12.6%) from NOK105M to NOK118M.

Trade In February 2024, the top exports of Norway to Bulgaria were Non-ferrous metals (NOK28.2M), Fish (not marine mammals), crustaceans, molluscs... (NOK7.92M), Road vehicles (including air-cushion vehicles) (NOK4.12M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK3.92M), and Machinery specialized for particular industries (NOK3.41M). In February 2024 the top imports of Norway from Bulgaria were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK17.5M), Articles of apparel and clothing accessories (NOK11.4M), Miscellaneous manufactured articles, n.e.s. (NOK8.3M), Road vehicles (including air-cushion vehicles) (NOK7.34M), and Oil-seeds and oleaginous fruits (NOK6.1M).

Growth In February 2024, the decrease in Norway's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Organic chemicals (NOK-2.8M or -97%), Paper, paperboard and articles of paper... (NOK-874k or -98.6%), and Chemical materials and products, n.e.s. (NOK-494k or -100%). In February 2024, the increase in Norway's year-by-year imports from Bulgaria was explained primarily by an increase in product imports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK6.35M or 56.8%), Inorganic chemicals (NOK4.37M or 87.3k%), and Road vehicles (including air-cushion vehicles) (NOK4.02M or 121%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-3.11M(-4.04%)

IMPORT GROWTH (February 2023 - February 2024)NOK13.2M(12.6%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $55.6M to Bulgaria. The main products exported from Norway to Bulgaria were Mixed Mineral or Chemical Fertilizers ($17.7M), Raw Aluminium ($8.99M), and Non-fillet Frozen Fish ($4.73M). During the last 27 years the exports of Norway to Bulgaria have increased at an annualized rate of 6.53%, from $10.1M in 1995 to $55.6M in 2022.

In 2022, Bulgaria exported $95.3M to Norway. The main products exported from Bulgaria to Norway were Sunflower Seeds ($12.2M), Electrical Power Accessories ($7.18M), and Packaged Medicaments ($5.32M). During the last 27 years the exports of Bulgaria to Norway have increased at an annualized rate of 9%, from $9.3M in 1995 to $95.3M in 2022.

Exports from Norway () to Bulgaria () (2022)

Exports from Bulgaria () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Bulgaria
Top DestinationGermany$6.91B

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

In 2021, countries that imported more from Norway than Bulgaria were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Bulgaria than Norway were Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

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

Comparative Advantage Norway - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Bulgaria in the exports of Chemical Products ($20.2M), Metals ($10.1M), and Animal Products ($8.71M).

During 2022, Bulgaria had a large net trade with Norway in the exports of Machines ($29.9M), Vegetable Products ($13.2M), and Textiles ($12.9M).

Service Trade

Bilateral Service Trade

Bgr Year

In 2020, Bulgaria exported services to Norway worth $19.3M, with Computer and information services ($9.02M), Other business services ($4.23M), and Transportation ($2.51M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

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 Norway has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Bulgaria () (2022)

Exports from Bulgaria () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Bulgaria

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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