2023
Exports
$15.4MWorld Rnk 39 / 199
Flag Rnk 345 / 1207
2023
PRODUCT COMPLEXITY IN Motor-working Tools
1.34Rnk 73 / 1025
2023
Imports
$37.9MWorld Rnk 49 / 225
Flag Rnk 257 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $15.4M in Motor-working Tools, making it the 39th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 345th most exported product in Bulgaria. The main destination of Motor-working Tools exports from Bulgaria are: Romania ($3.22M), Brazil ($1.52M), Germany ($1.3M), Hungary ($1.07M), and United Kingdom ($908k).

The fastest growing export markets for Motor-working Tools of Bulgaria between 2022 and 2023 were Netherlands ($338k), United Kingdom ($257k), and Hungary ($215k).

Imports In 2023, Bulgaria imported $37.9M in Motor-working Tools, becoming the 49th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 257th most imported product in Bulgaria. Bulgaria imports Motor-working Tools primarily from: China ($9.72M), Germany ($9.12M), United Kingdom ($3.62M), Sweden ($3.49M), and Austria ($2.51M).

The fastest growing import markets in Motor-working Tools for Bulgaria between 2022 and 2023 were Sweden ($713k), Austria ($411k), and China ($362k).

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 Motor-working Tools. 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)$15.4M
IMPORTS (2023)$37.9M
NET TRADE (2023)-$22.4M

In 2023, Bulgaria exported $15.4M in Motor-working Tools. The main destinations of Bulgaria exports on Motor-working Tools were Romania ($3.22M), Brazil ($1.52M), Germany ($1.3M), Hungary ($1.07M), and United Kingdom ($908k).

In 2023, Bulgaria imported $37.9M in Motor-working Tools, mainly from China ($9.72M), Germany ($9.12M), United Kingdom ($3.62M), Sweden ($3.49M), and Austria ($2.51M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Netherlands$338k (139%)
United Kingdom$257k (39.5%)
Hungary$215k (25.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Bulgaria WERE (2022 - 2023):
Qatar-$516k (-100%)
Sweden-$418k (-33.9%)
Germany-$409k (-23.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Motor-working Tools were:
In 2023, Bulgaria's main importing competitors in Motor-working Tools were:

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.24M
TOP IMPORT POTENTIALChina+ $10.2M

Motor-working Tools’s highest export potential is Germany. With an export gap of $2.24M.   Motor-working Tools’s highest import potential is China with an import gap of $10.2M.

See methodology.

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