2022
Exports
$326MWorld Rnk 48 / 226
Flag Rnk 31 / 1211
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$397MWorld Rnk 63 / 225
Flag Rnk 20 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $326M in Motor vehicles; parts and accessories (8701 to 8705), making it the 48th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 31st most exported product in Bulgaria. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Bulgaria are: Germany ($126M), Romania ($21.1M), Czechia ($19.4M), Spain ($17.8M), and Italy ($16.1M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Bulgaria between 2021 and 2022 were Italy ($6.12M), Spain ($5.7M), and Serbia ($5.35M).

Imports In 2018, Bulgaria imported $397M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 63rd largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 20th most imported product in Bulgaria. Bulgaria imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($119M), Poland ($50M), Turkey ($37.3M), Italy ($25.4M), and Romania ($22.3M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Bulgaria between 2021 and 2022 were Turkey ($5.12M), Poland ($4.03M), and Malta ($3.81M).

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$326M
IMPORTS (2022)$397M
NET TRADE (2022)-$71.2M

In 2022, Bulgaria exported $326M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Bulgaria exports on Motor vehicles; parts and accessories (8701 to 8705) were Germany ($126M), Romania ($21.1M), Czechia ($19.4M), Spain ($17.8M), and Italy ($16.1M).

In 2022, Bulgaria imported $397M in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($119M), Poland ($50M), Turkey ($37.3M), Italy ($25.4M), and Romania ($22.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Italy$6.12M (61.1%)
Spain$5.7M (47.2%)
Serbia$5.35M (63.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Bulgaria WERE (2021 - 2022):
United Kingdom-$11M (-41.8%)
Portugal-$6.58M (-86.3%)
Germany-$5.94M (-4.52%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Bulgaria's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $56.8M
TOP IMPORT POTENTIALGermany+ $39.5M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is Germany. With an export gap of $56.8M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is Germany with an import gap of $39.5M.

See methodology.

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