2023
Exports
$203MWorld Rnk 55 / 210
Flag Rnk 61 / 1207
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$1.74BWorld Rnk 66 / 225
Flag Rnk 3 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $203M in Cars, making it the 55th largest exporter of Cars in the world. At the same year, Cars was the 61st most exported product in Bulgaria. The main destination of Cars exports from Bulgaria are: Germany ($55.4M), Greece ($27.8M), France ($16.6M), Italy ($16.2M), and North Macedonia ($11.1M).

The fastest growing export markets for Cars of Bulgaria between 2022 and 2023 were France ($5.17M), Turkey ($4.42M), and North Macedonia ($4.3M).

Imports In 2023, Bulgaria imported $1.74B in Cars, becoming the 66th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Bulgaria. Bulgaria imports Cars primarily from: Germany ($455M), Hungary ($192M), Austria ($170M), Czechia ($158M), and France ($152M).

The fastest growing import markets in Cars for Bulgaria between 2022 and 2023 were Germany ($98.5M), Czechia ($80.9M), and Austria ($66.9M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$203M
IMPORTS (2023)$1.74B
NET TRADE (2023)-$1.53B

In 2023, Bulgaria exported $203M in Cars. The main destinations of Bulgaria exports on Cars were Germany ($55.4M), Greece ($27.8M), France ($16.6M), Italy ($16.2M), and North Macedonia ($11.1M).

In 2023, Bulgaria imported $1.74B in Cars, mainly from Germany ($455M), Hungary ($192M), Austria ($170M), Czechia ($158M), and France ($152M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
France$5.17M (45.1%)
Turkey$4.42M (89.3%)
North Macedonia$4.3M (63.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Bulgaria WERE (2022 - 2023):
Romania-$178M (-97.1%)
Israel-$6.76M (-83.9%)
Spain-$3.9M (-52.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Bulgaria's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $56.4M
TOP IMPORT POTENTIALGermany+ $107M

Cars’s highest export potential is Germany. With an export gap of $56.4M.   Cars’s highest import potential is Germany with an import gap of $107M.

See methodology.

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