2022
Exports
$4.55BWorld Rnk 41 / 226
Flag Rnk 2 / 96
2022
PRODUCT COMPLEXITY IN Electrical machinery and electronics
1.96Rnk 7 / 1025
2022
Imports
$5.96BWorld Rnk 51 / 226
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $4.55B in Electrical machinery and electronics, making it the 41st largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most exported product in Bulgaria. The main destination of Electrical machinery and electronics exports from Bulgaria are: Germany ($1.12B), Italy ($313M), Czechia ($267M), Turkey ($232M), and Spain ($186M).

The fastest growing export markets for Electrical machinery and electronics of Bulgaria between 2021 and 2022 were Germany ($100M), United Kingdom ($60.2M), and Spain ($44.6M).

Imports In 2022, Bulgaria imported $5.96B in Electrical machinery and electronics, becoming the 51st largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most imported product in Bulgaria. Bulgaria imports Electrical machinery and electronics primarily from: Germany ($879M), China ($848M), Hungary ($519M), Czechia ($508M), and Netherlands ($323M).

The fastest growing import markets in Electrical machinery and electronics for Bulgaria between 2021 and 2022 were China ($228M), Hungary ($121M), and Czechia ($107M).

COMPANIES In 2023, leading companies such as Robert Bosch (13) were at the forefront of shipping Electrical machinery and electronics from Bulgaria to the United States.

Latest Trends

Sep 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 Electrical machinery and electronics. 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 (2022)$4.55B
IMPORTS (2022)$5.96B
NET TRADE (2022)-$1.41B

In 2022, Bulgaria exported $4.55B in Electrical machinery and electronics. The main destinations of Bulgaria exports on Electrical machinery and electronics were Germany ($1.12B), Italy ($313M), Czechia ($267M), Turkey ($232M), and Spain ($186M).

In 2022, Bulgaria imported $5.96B in Electrical machinery and electronics, mainly from Germany ($879M), China ($848M), Hungary ($519M), Czechia ($508M), and Netherlands ($323M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Germany$100M (9.79%)
United Kingdom$60.2M (124%)
Spain$44.6M (31.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Bulgaria WERE (2021 - 2022):
Greece-$37.3M (-26.3%)
Czechia-$30.1M (-10.1%)
Russia-$24.5M (-49%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Electrical machinery and electronics were:
In 2022, Bulgaria's main importing competitors in Electrical machinery and electronics were:

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Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $228M
TOP IMPORT POTENTIALChina+ $457M

Electrical machinery and electronics’s highest export potential is United States. With an export gap of $228M.   Electrical machinery and electronics’s highest import potential is China with an import gap of $457M.

See methodology.

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