2022
Exports
$19.3MWorld Rnk 38 / 152
Flag Rnk 308 / 1211
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$22.9MWorld Rnk 45 / 219
Flag Rnk 358 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $19.3M in Fermented Milk Products, making it the 38th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 308th most exported product in Bulgaria. The main destination of Fermented Milk Products exports from Bulgaria are: Greece ($5.35M), Spain ($5.13M), Romania ($2.85M), Germany ($1.82M), and United Kingdom ($741k).

The fastest growing export markets for Fermented Milk Products of Bulgaria between 2021 and 2022 were Germany ($305k), Greece ($299k), and Denmark ($170k).

Imports In 2022, Bulgaria imported $22.9M in Fermented Milk Products, becoming the 45th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 358th most imported product in Bulgaria. Bulgaria imports Fermented Milk Products primarily from: Romania ($7.27M), Germany ($5.53M), Serbia ($4.49M), Poland ($2.32M), and Greece ($857k).

The fastest growing import markets in Fermented Milk Products for Bulgaria between 2021 and 2022 were Serbia ($3.25M), Germany ($1.28M), and Netherlands ($721k).

Latest Trends

Oct 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 Fermented Milk Products. 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)$19.3M
IMPORTS (2022)$22.9M
NET TRADE (2022)-$3.54M

In 2022, Bulgaria exported $19.3M in Fermented Milk Products. The main destinations of Bulgaria exports on Fermented Milk Products were Greece ($5.35M), Spain ($5.13M), Romania ($2.85M), Germany ($1.82M), and United Kingdom ($741k).

In 2022, Bulgaria imported $22.9M in Fermented Milk Products, mainly from Romania ($7.27M), Germany ($5.53M), Serbia ($4.49M), Poland ($2.32M), and Greece ($857k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Germany$305k (20.1%)
Greece$299k (5.92%)
Denmark$170k (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Bulgaria WERE (2021 - 2022):
Saudi Arabia-$4.91M (-100%)
Portugal-$816k (-74.6%)
Romania-$517k (-15.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Fermented Milk Products were:
In 2022, Bulgaria's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $760k
TOP IMPORT POTENTIALGreece+ $590k

Fermented Milk Products’s highest export potential is Germany. With an export gap of $760k.   Fermented Milk Products’s highest import potential is Greece with an import gap of $590k.

See methodology.

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