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Turkey-Bulgaria Trade: In 2023, Turkey exported $4.45B to Bulgaria. The main products that Turkey exported to Bulgaria were N/A. Over the past 5 years the exports of Turkey to Bulgaria have increased at an annualized rate of 12.3%, from $2.48B in 2018 to $4.45B in 2023.

In 2009, Turkey exported services to Bulgaria worth $530M, with Travel ($526M), Other business services ($3.1M), and Insurance services ($1.03M) being the largest in terms of value.

Bulgaria-Turkey Trade: In 2023, Bulgaria exported $2.73B to Turkey. The main products that Bulgaria exported to Turkey were Refined Copper ($489M), Insulated Wire ($161M), and Refined Petroleum ($156M). Over the past 5 years the exports of Bulgaria to Turkey have decreased at an annualized rate of 1.02%,  from $2.87B in 2018 to $2.73B in 2023.

In 2020, Bulgaria exported services to Turkey worth $323M, with Travel ($246M), Transportation ($56.8M), and Communications services ($9.02M) being the largest in terms of value.

Comparison In N/A,  Turkey ranked 28 in total exports ($272B). That same year, Bulgaria ranked 59 in total exports ($50.6B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Latest Data

Turkey Exports

Bulgaria Exports

Market Competitiveness

Color
Turkey
Top Destination
Germany$24.7B
Bulgaria
Top Destination
Germany$6.84B

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

In undefined, countries that imported more from Turkey than Bulgaria included Germany ($24.7B), United Arab Emirates ($14.7B), and United States ($15.9B).

In undefined, countries that imported more from Bulgaria than Turkey included Gibraltar ($186M), Namibia ($62.8M), and Saint Martin ($1.74M).

Potential Exports

Potential Exports

Depth
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Top Product Potential Turkey Bulgaria+$56.2MCars
Top Product Potential Bulgaria Turkey+$187MRefined 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

Tur Year

In 2009, Turkey exported services to Bulgaria worth $530M, with Travel ($526M), Other business services ($3.1M), and Insurance services ($1.03M) being the largest in terms of value.

In 2020, Bulgaria exported services to Turkey worth $323M, with Travel ($246M), Transportation ($56.8M), and Communications services ($9.02M) 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 Turkey and Bulgaria. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Turkey.

Product Space of Turkey (Flag) and Bulgaria (Flag) (NaN)

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