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2023
Flag → Flag
Exports $145MRnk 45 / 211
2023
Flag → Flag
Top Product $19.7MInsulated Wire
2023
Flag → Flag
Exports $137MRnk 50 / 200
2023
Flag → Flag
Top Product $16.9MWheat
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
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GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
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GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
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GDP PC$15,886CURRENT US$
Rnk 72 / 196
2013-2023
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GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Portugal-Bulgaria Trade: In 2023, Portugal exported $145M to Bulgaria. The main products that Portugal exported to Bulgaria were Insulated Wire ($19.7M), Copper Ore ($7.71M), and Electrical Power Accessories ($7.25M). Over the past 5 years the exports of Portugal to Bulgaria have increased at an annualized rate of 2.91%, from $126M in 2018 to $145M in 2023.

In 2020, Portugal exported services to Bulgaria worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Bulgaria-Portugal Trade: In 2023, Bulgaria exported $137M to Portugal. The main products that Bulgaria exported to Portugal were Wheat ($16.9M), Air Conditioners ($9.7M), and Padlocks ($8.64M). Over the past 5 years the exports of Bulgaria to Portugal have increased at an annualized rate of 0.81%,  from $132M in 2018 to $137M in 2023.

In 2020, Bulgaria exported services to Portugal worth $13.8M, with Transportation ($6.05M), Travel ($4.34M), and Other business services ($1.6M) being the largest in terms of value.

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). 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, Portugal exported €8.61M and imported €10.6M from Bulgaria, resulting in a negative trade balance of €2.01M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-2.56M (-22.9%) from €11.2M to €8.61M, while imports increased by €2.84M (36.5%) from €7.78M to €10.6M.

Trade In November 2024, the top exports of Portugal to Bulgaria were Electrical machinery and electronics (€1.78M), Plastics & articles thereof (€1.28M), Tools & cutlery (€1.07M), Paper articles (€1.06M), and Preparations of vegetables, fruit, nuts or... (€733k). In November 2024 the top imports of Portugal from Bulgaria were Machinery, mechanical appliances, & parts (€1.62M), Electrical machinery and electronics (€1.26M), Miscellaneous metal products (€895k), Cars, tractors, trucks & parts thereof. (€559k), and Aluminum articles (€461k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Plastics & articles thereof (€-309k or -19.4%), Machinery, mechanical appliances, & parts (€-201k or -38.6%), and Food residues & wastes; animal fodder (€-162k or -99.3%). In November 2024, the increase in Portugal's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Machinery, mechanical appliances, & parts (€794k or 95.7%), Miscellaneous metal products (€257k or 40.4%), and Wood, wood articles, & charcoal (€147k or 19k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-2.56M(-22.9%)
IMPORT GROWTH (November 2023 - November 2024)€2.84M(36.5%)

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $145M to Bulgaria. The main products exported from Portugal to Bulgaria were Insulated Wire ($19.7M), Copper Ore ($7.71M), and Electrical Power Accessories ($7.25M). During the last 5 years the exports of Portugal to Bulgaria have increased at an annualized rate of 2.91%, from $126M in 2018 to $145M in 2023.

In 2018, Bulgaria exported $137M to Portugal. The main products exported from Bulgaria to Portugal were Wheat ($16.9M), Air Conditioners ($9.7M), and Padlocks ($8.64M). During the last 5 years the exports of Bulgaria to Portugal have increased at an annualized rate of 0.81%, from $132M in 2023 to $137M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Portugal than Bulgaria included Spain ($17.7B), France ($9.19B), and United States ($6.41B).

In 2023, countries that imported more from Bulgaria than Portugal included Romania ($5.63B), Greece ($3.04B), and Turkey ($2.73B).

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

Comparative Advantage Portugal - Bulgaria

Flow
Scale

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

During 2023, Portugal had a large net trade with Bulgaria in the exports of Machines ($59.4M), Chemical Products ($11.7M), and Plastics and Rubbers ($11.7M).

During 2018, Bulgaria had a large net trade with Portugal in the exports of Machines ($38.6M), Vegetable Products ($23.4M), and Metals ($23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Bulgaria+$3.02MPackaged Medicaments
Top Product Potential Bulgaria Portugal+$5.04MRefined 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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Bilateral Service Trade

In 2020, Portugal exported services to Bulgaria worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

In 2020, Bulgaria exported services to Portugal worth $13.8M, with Transportation ($6.05M), Travel ($4.34M), and Other business services ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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