2023
Exports
$3.69MWorld Rnk 38 / 164
Flag Rnk 580 / 1207
2023
PRODUCT COMPLEXITY IN Drilling Machines
1.11Rnk 139 / 1025
2023
Imports
$9.3MWorld Rnk 51 / 213
Flag Rnk 554 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $3.69M in Drilling Machines, making it the 38th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 580th most exported product in Bulgaria. The main destination of Drilling Machines exports from Bulgaria are: Romania ($1.08M), Turkey ($825k), Greece ($589k), Azerbaijan ($206k), and India ($143k).

The fastest growing export markets for Drilling Machines of Bulgaria between 2022 and 2023 were Romania ($997k), Turkey ($300k), and Azerbaijan ($203k).

Imports In 2023, Bulgaria imported $9.3M in Drilling Machines, becoming the 51st largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 554th most imported product in Bulgaria. Bulgaria imports Drilling Machines primarily from: Germany ($1.79M), Italy ($1.11M), Poland ($951k), Greece ($883k), and Spain ($874k).

The fastest growing import markets in Drilling Machines for Bulgaria between 2022 and 2023 were Poland ($747k), Spain ($591k), and Belgium ($579k).

Latest Trends

Dec 2024

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 Drilling Machines. 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)$3.69M
IMPORTS (2023)$9.3M
NET TRADE (2023)-$5.62M

In 2023, Bulgaria exported $3.69M in Drilling Machines. The main destinations of Bulgaria exports on Drilling Machines were Romania ($1.08M), Turkey ($825k), Greece ($589k), Azerbaijan ($206k), and India ($143k).

In 2023, Bulgaria imported $9.3M in Drilling Machines, mainly from Germany ($1.79M), Italy ($1.11M), Poland ($951k), Greece ($883k), and Spain ($874k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Romania$997k (1.17k%)
Turkey$300k (57.2%)
Azerbaijan$203k (6.41k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Bulgaria WERE (2022 - 2023):
Greece-$981k (-62.5%)
Australia-$55.3k (-100%)
Croatia-$50.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Drilling Machines were:
In 2023, Bulgaria's main importing competitors in Drilling Machines were:

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $274k
TOP IMPORT POTENTIALChina+ $467k

Drilling Machines’s highest export potential is Turkey. With an export gap of $274k.   Drilling Machines’s highest import potential is China with an import gap of $467k.

See methodology.

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