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2023
Flag → Flag
Exports $3.51BRnk 23 / 137
2023
Flag → Flag
Exports $540MRnk 23 / 200
2023
Flag → Flag
Top Product $262MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132

About

Russia-Bulgaria Trade: In 2023, Russia exported $3.51B to Bulgaria. The main products that Russia exported to Bulgaria were N/A. Over the past 5 years the exports of Russia to Bulgaria have decreased at an annualized rate of 1.69%, from $3.82B in 2018 to $3.51B in 2023.

In 2020, Russia exported services to Bulgaria worth $122M, with Transportation ($52.1M), Other business services ($26.5M), and Computer and information services ($16.3M) being the largest in terms of value.

Bulgaria-Russia Trade: In 2023, Bulgaria exported $540M to Russia. The main products that Bulgaria exported to Russia were Packaged Medicaments ($262M), Chocolate ($34.7M), and Wadding ($21.4M). Over the past 5 years the exports of Bulgaria to Russia have increased at an annualized rate of 0.2%,  from $535M in 2018 to $540M in 2023.

In 2020, Bulgaria exported services to Russia worth $239M, with Transportation ($182M), Travel ($33.8M), and Other business services ($12.6M) being the largest in terms of value.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and N/A in total exports (N/A). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and N/A in total exports (N/A).

Latest Trends

N/A

About

Overview In N/A, Russia exported $N/A and imported $N/A from Bulgaria, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Russia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Origins In N/A the exports of Russia were mainly from N/A, while imports destinations were mainly N/A.

Latest Trade

Time Scale
Flow
Value
Depth

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $3.51B to Bulgaria. There were not main exports from Russia to Bulgaria in 2023. During the last 5 years the exports of Russia to Bulgaria have decreased at an annualized rate of 1.69%, from $3.82B in 2018 to $3.51B in 2023.

In 2018, Bulgaria exported $540M to Russia. The main products exported from Bulgaria to Russia were Packaged Medicaments ($262M), Chocolate ($34.7M), and Wadding ($21.4M). During the last 5 years the exports of Bulgaria to Russia have increased at an annualized rate of 0.2%, from $535M in 2023 to $540M in 2018.

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Bulgaria
Top DestinationGermany$6.84B

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

In undefined, countries that imported more from Russia than Bulgaria included China ($129B), India ($66.1B), and Turkey ($31B).

In undefined, countries that imported more from Bulgaria than Russia included Romania ($5.63B), Germany ($6.84B), and Ukraine ($928M).

Comparative Advantage Russia - Bulgaria

Flow
Scale

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

During 2023, Russia had a large net trade with Bulgaria in the exports of Mineral Products ($3.35B), Metals ($76.2M), and Chemical Products ($62.8M).

During 2018, Bulgaria had a large net trade with Russia in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Bulgaria+$428MPetroleum Gas
Top Product Potential Bulgaria Russia+$24MPackaged Medicaments

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, Russia exported services to Bulgaria worth $122M, with Transportation ($52.1M), Other business services ($26.5M), and Computer and information services ($16.3M) being the largest in terms of value.

In 2020, Bulgaria exported services to Russia worth $239M, with Transportation ($182M), Travel ($33.8M), and Other business services ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Service Trade

Economic Complexity

Competitive Landscape

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

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

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