2022
Exports
$3.83BWorld Rnk 44 / 226
Flag Rnk 4 / 96
2022
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.21Rnk 2 / 1025
2022
Imports
$4.72BWorld Rnk 61 / 226
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $3.83B in Machinery, mechanical appliances, & parts, making it the 44th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 4th most exported product in Bulgaria. The main destination of Machinery, mechanical appliances, & parts exports from Bulgaria are: Germany ($655M), Romania ($368M), Italy ($292M), Austria ($231M), and France ($223M).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Bulgaria between 2021 and 2022 were United States ($52.2M), Netherlands ($50.6M), and Romania ($48M).

Imports In 2022, Bulgaria imported $4.72B in Machinery, mechanical appliances, & parts, becoming the 61st largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most imported product in Bulgaria. Bulgaria imports Machinery, mechanical appliances, & parts primarily from: Germany ($870M), China ($556M), Italy ($501M), Turkey ($321M), and Netherlands ($220M).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Bulgaria between 2021 and 2022 were China ($70.2M), United Kingdom ($59.8M), and Turkey ($43.4M).

COMPANIES In 2023, leading companies such as Volkswagen (1) were at the forefront of shipping Machinery, mechanical appliances, & parts from Bulgaria to the United States.

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 Machinery, mechanical appliances, & parts. 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)$3.83B
IMPORTS (2022)$4.72B
NET TRADE (2022)-$894M

In 2022, Bulgaria exported $3.83B in Machinery, mechanical appliances, & parts. The main destinations of Bulgaria exports on Machinery, mechanical appliances, & parts were Germany ($655M), Romania ($368M), Italy ($292M), Austria ($231M), and France ($223M).

In 2022, Bulgaria imported $4.72B in Machinery, mechanical appliances, & parts, mainly from Germany ($870M), China ($556M), Italy ($501M), Turkey ($321M), and Netherlands ($220M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
United States$52.2M (43.2%)
Netherlands$50.6M (45.5%)
Romania$48M (15%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Bulgaria WERE (2021 - 2022):
Russia-$49.8M (-41.4%)
China-$25.1M (-37.3%)
Greece-$24.7M (-15.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2022, Bulgaria's main importing competitors in Machinery, mechanical appliances, & parts were:

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Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $188M
TOP IMPORT POTENTIALChina+ $293M

Machinery, mechanical appliances, & parts’s highest export potential is Germany. With an export gap of $188M.   Machinery, mechanical appliances, & parts’s highest import potential is China with an import gap of $293M.

See methodology.

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