2023
Exports
$12.7MWorld Rnk 65 / 126
Flag Rnk 374 / 1207
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$29MWorld Rnk 57 / 171
Flag Rnk 314 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $12.7M in Ferroalloys, making it the 65th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 374th most exported product in Bulgaria. The main destination of Ferroalloys exports from Bulgaria are: Czechia ($4.65M), Italy ($4.46M), Poland ($1.33M), Romania ($739k), and Slovakia ($671k).

The fastest growing export markets for Ferroalloys of Bulgaria between 2022 and 2023 were Czechia ($3.79M), Italy ($561k), and Romania ($227k).

Imports In 2023, Bulgaria imported $29M in Ferroalloys, becoming the 57th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 314th most imported product in Bulgaria. Bulgaria imports Ferroalloys primarily from: Iran ($10.8M), Italy ($4.16M), Netherlands ($4.07M), Austria ($1.4M), and Germany ($1.31M).

The fastest growing import markets in Ferroalloys for Bulgaria between 2022 and 2023 were Netherlands ($663k), Estonia ($511k), and United Kingdom ($348k).

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 Ferroalloys. 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)$12.7M
IMPORTS (2023)$29M
NET TRADE (2023)-$16.3M

In 2023, Bulgaria exported $12.7M in Ferroalloys. The main destinations of Bulgaria exports on Ferroalloys were Czechia ($4.65M), Italy ($4.46M), Poland ($1.33M), Romania ($739k), and Slovakia ($671k).

In 2023, Bulgaria imported $29M in Ferroalloys, mainly from Iran ($10.8M), Italy ($4.16M), Netherlands ($4.07M), Austria ($1.4M), and Germany ($1.31M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Czechia$3.79M (436%)
Italy$561k (14.4%)
Romania$227k (44.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Bulgaria WERE (2022 - 2023):
Greece-$2.06M (-90.2%)
Slovenia-$543k (-75.7%)
Iran-$130k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $2.03M
TOP IMPORT POTENTIALTurkey+ $1.92M

Ferroalloys’s highest export potential is Italy. With an export gap of $2.03M.   Ferroalloys’s highest import potential is Turkey with an import gap of $1.92M.

See methodology.

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