2022
Exports
$1.81BWorld Rnk 39 / 160
Flag Rnk 2 / 1211
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$3.56BWorld Rnk 31 / 222
Flag Rnk 2 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $1.81B in Petroleum Gas, making it the 39th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most exported product in Bulgaria. The main destination of Petroleum Gas exports from Bulgaria are: Romania ($1.48B), Greece ($200M), Luxembourg ($43.4M), Cyprus ($20.8M), and Italy ($19.3M).

The fastest growing export markets for Petroleum Gas of Bulgaria between 2021 and 2022 were Romania ($1.26B), Greece ($96.3M), and Luxembourg ($31.5M).

Imports In 2022, Bulgaria imported $3.56B in Petroleum Gas, becoming the 31st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most imported product in Bulgaria. Bulgaria imports Petroleum Gas primarily from: Greece ($1.27B), Russia ($1.13B), United States ($371M), Turkey ($299M), and Azerbaijan ($263M).

The fastest growing import markets in Petroleum Gas for Bulgaria between 2021 and 2022 were Greece ($1.02B), United States ($371M), and Turkey ($282M).

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 Petroleum Gas. 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)$1.81B
IMPORTS (2022)$3.56B
NET TRADE (2022)-$1.75B

In 2022, Bulgaria exported $1.81B in Petroleum Gas. The main destinations of Bulgaria exports on Petroleum Gas were Romania ($1.48B), Greece ($200M), Luxembourg ($43.4M), Cyprus ($20.8M), and Italy ($19.3M).

In 2022, Bulgaria imported $3.56B in Petroleum Gas, mainly from Greece ($1.27B), Russia ($1.13B), United States ($371M), Turkey ($299M), and Azerbaijan ($263M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Romania$1.26B (560%)
Greece$96.3M (92.8%)
Luxembourg$31.5M (265%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Bulgaria WERE (2021 - 2022):
Hungary-$77.3M (-100%)
Italy-$33.2M (-63.2%)
Croatia-$1.56M (-16.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Petroleum Gas were:
In 2022, Bulgaria's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGreece+ $72.6M
TOP IMPORT POTENTIALRussia+ $428M

Petroleum Gas’s highest export potential is Greece. With an export gap of $72.6M.   Petroleum Gas’s highest import potential is Russia with an import gap of $428M.

See methodology.

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