2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
Flag
 GDP
$89BCURRENT US$
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2012-2022
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GDP GROWTH
64%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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About

Romania-Bulgaria Trade: In 2022, Romania exported $2.3B to Bulgaria. The main products that Romania exported to Bulgaria were Refined Petroleum ($361M), Crude Petroleum ($233M), and Sunflower Seeds ($185M). Over the past 5 years the exports of Romania to Bulgaria have increased at an annualized rate of 100%, from $70.9M in 2017 to $2.3B in 2022.

In 2020, Romania exported services to Bulgaria worth $353M, with Transportation ($172M), Other business services ($71.3M), and Communications services ($28.1M) being the largest in terms of value.

Bulgaria-Romania Trade: In 2022, Bulgaria exported $2.37B to Romania. The main products that Bulgaria exported to Romania were Petroleum Gas ($1.48B), Electricity ($672M), and Industrial Fatty Acids, Oils and Alcohols ($361M). Over the past 5 years the exports of Bulgaria to Romania have increased at an annualized rate of 99.9%,  from $74.2M in 2017 to $2.37B in 2022.

In 2020, Bulgaria exported services to Romania worth $288M, with Travel ($121M), Transportation ($109M), and Other business services ($26.7M) being the largest in terms of value.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $2.3B to Bulgaria. The main products exported from Romania to Bulgaria were Refined Petroleum ($361M), Crude Petroleum ($233M), and Sunflower Seeds ($185M). During the last 5 years the exports of Romania to Bulgaria have increased at an annualized rate of 100%, from $70.9M in 2017 to $2.3B in 2022.

In 2017, Bulgaria exported $2.37B to Romania. The main products exported from Bulgaria to Romania were Petroleum Gas ($1.48B), Electricity ($672M), and Industrial Fatty Acids, Oils and Alcohols ($361M). During the last 22 years the exports of Bulgaria to Romania have increased at an annualized rate of 99.9%, from $74.2M in 1995 to $2.37B in 2017.

Exports from Romania (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and Bulgaria (Flag)

Romania Exports

Bulgaria Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from Romania than Bulgaria included Germany ($18.8B), Hungary ($6.75B), and Italy ($9.55B).

In 2022, countries that imported more from Bulgaria than Romania included Greece ($2.93B), North Macedonia ($780M), and Gibraltar ($552M).

Difference in imports from Bulgaria (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - Bulgaria

Flow
Scale

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

During 2022, Romania had a large net trade with Bulgaria in the exports of Mineral Products ($747M), Metals ($534M), and Machines ($522M).

During 2017, Bulgaria had a large net trade with Romania in the exports of Mineral Products ($2.41B), Chemical Products ($868M), and Metals ($675M).

Service Trade

Bilateral Service Trade

In 2020, Romania exported services to Bulgaria worth $353M, with Transportation ($172M), Other business services ($71.3M), and Communications services ($28.1M) being the largest in terms of value.

In 2020, Bulgaria exported services to Romania worth $288M, with Travel ($121M), Transportation ($109M), and Other business services ($26.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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

Product Space of Romania (Flag) and Bulgaria (Flag) (2022)

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