2022
Exports
$1.06BWorld Rnk 31 / 217
Flag Rnk 9 / 1211
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.36BWorld Rnk 47 / 224
Flag Rnk 5 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $1.06B in Packaged Medicaments, making it the 31st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most exported product in Bulgaria. The main destination of Packaged Medicaments exports from Bulgaria are: Russia ($223M), Germany ($120M), Romania ($92.7M), Netherlands ($44.3M), and France ($43.9M).

The fastest growing export markets for Packaged Medicaments of Bulgaria between 2021 and 2022 were Russia ($63.7M), Switzerland ($16.4M), and Germany ($12.3M).

Imports In 2022, Bulgaria imported $1.36B in Packaged Medicaments, becoming the 47th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Bulgaria. Bulgaria imports Packaged Medicaments primarily from: Germany ($264M), Hungary ($180M), Netherlands ($118M), Slovenia ($115M), and Switzerland ($109M).

The fastest growing import markets in Packaged Medicaments for Bulgaria between 2021 and 2022 were Germany ($29.7M), Italy ($18.8M), and Slovenia ($13.6M).

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 Packaged Medicaments. 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)$1.06B
IMPORTS (2022)$1.36B
NET TRADE (2022)-$302M

In 2022, Bulgaria exported $1.06B in Packaged Medicaments. The main destinations of Bulgaria exports on Packaged Medicaments were Russia ($223M), Germany ($120M), Romania ($92.7M), Netherlands ($44.3M), and France ($43.9M).

In 2022, Bulgaria imported $1.36B in Packaged Medicaments, mainly from Germany ($264M), Hungary ($180M), Netherlands ($118M), Slovenia ($115M), and Switzerland ($109M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Russia$63.7M (40%)
Switzerland$16.4M (529%)
Germany$12.3M (11.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Bulgaria WERE (2021 - 2022):
Romania-$33.8M (-26.7%)
Italy-$20.1M (-39.3%)
France-$11.4M (-20.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Packaged Medicaments were:
In 2022, Bulgaria's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $69.1M
TOP IMPORT POTENTIALGermany+ $62.7M

Packaged Medicaments’s highest export potential is Germany. With an export gap of $69.1M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $62.7M.

See methodology.

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