2023
Exports
$1.6MWorld Rnk 20 / 83
Flag Rnk 727 / 1207
2023
PRODUCT COMPLEXITY IN Felt Machinery
1.1Rnk 146 / 1025
2023
Imports
$37kWorld Rnk 106 / 146
Flag Rnk 1161 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $1.6M in Felt Machinery, making it the 20th largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 727th most exported product in Bulgaria. The main destination of Felt Machinery exports from Bulgaria are: Turkey ($1.03M), China ($560k), Serbia ($2.7k), France ($351), and Netherlands ($54).

The fastest growing export markets for Felt Machinery of Bulgaria between 2022 and 2023 were Turkey ($1.03M), China ($548k), and Serbia ($2.7k).

Imports In 2023, Bulgaria imported $37k in Felt Machinery, becoming the 106th largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 1161st most imported product in Bulgaria. Bulgaria imports Felt Machinery primarily from: United States ($28.5k), Germany ($5.07k), Italy ($2.9k), Turkey ($216), and Denmark ($208).

The fastest growing import markets in Felt Machinery for Bulgaria between 2022 and 2023 were United States ($28.5k), Germany ($2.05k), and Italy ($1.09k).

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 Felt Machinery. 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)$1.6M
IMPORTS (2023)$37k
NET TRADE (2023)$1.56M

In 2023, Bulgaria exported $1.6M in Felt Machinery. The main destinations of Bulgaria exports on Felt Machinery were Turkey ($1.03M), China ($560k), Serbia ($2.7k), France ($351), and Netherlands ($54).

In 2023, Bulgaria imported $37k in Felt Machinery, mainly from United States ($28.5k), Germany ($5.07k), Italy ($2.9k), Turkey ($216), and Denmark ($208).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Turkey$1.03M (1%)
China$548k (4.5k%)
Serbia$2.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Machinery BY Bulgaria WERE (2022 - 2023):
Greece-$68.4k (-100%)
Egypt-$65.4k (-100%)
Germany-$20.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Felt Machinery were:
China $202M
Italy $73.8M
In 2023, Bulgaria's main importing competitors in Felt Machinery were:

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Trade Value of Felt Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $23.2k
TOP IMPORT POTENTIALGermany+ $13.4k

Felt Machinery’s highest export potential is China. With an export gap of $23.2k.   Felt Machinery’s highest import potential is Germany with an import gap of $13.4k.

See methodology.

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