2022
Exports
$1.73BWorld Rnk 16 / 140
Flag Rnk 3 / 1211
2022
PRODUCT COMPLEXITY IN Refined Copper
-1.43Rnk 938 / 1025
2022
Imports
$266MWorld Rnk 32 / 184
Flag Rnk 40 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $1.73B in Refined Copper, making it the 16th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 3rd most exported product in Bulgaria. The main destination of Refined Copper exports from Bulgaria are: Italy ($706M), Turkey ($561M), China ($141M), Croatia ($108M), and Serbia ($96.2M).

The fastest growing export markets for Refined Copper of Bulgaria between 2021 and 2022 were Italy ($459M), Serbia ($93.1M), and Germany ($35.4M).

Imports In 2022, Bulgaria imported $266M in Refined Copper, becoming the 32nd largest importer of Refined Copper in the world. At the same year, Refined Copper was the 40th most imported product in Bulgaria. Bulgaria imports Refined Copper primarily from: Russia ($86M), Tanzania ($33M), Serbia ($29.5M), Netherlands ($27M), and Turkey ($16.6M).

The fastest growing import markets in Refined Copper for Bulgaria between 2021 and 2022 were Tanzania ($27.5M), Netherlands ($26.8M), and Mozambique ($11.5M).

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 Refined Copper. 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)$1.73B
IMPORTS (2022)$266M
NET TRADE (2022)$1.47B

In 2022, Bulgaria exported $1.73B in Refined Copper. The main destinations of Bulgaria exports on Refined Copper were Italy ($706M), Turkey ($561M), China ($141M), Croatia ($108M), and Serbia ($96.2M).

In 2022, Bulgaria imported $266M in Refined Copper, mainly from Russia ($86M), Tanzania ($33M), Serbia ($29.5M), Netherlands ($27M), and Turkey ($16.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Italy$459M (186%)
Serbia$93.1M (3.02k%)
Germany$35.4M (461%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Bulgaria WERE (2021 - 2022):
China-$557M (-79.8%)
Turkey-$64.1M (-10.3%)
South Korea-$35.3M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Refined Copper were:
In 2022, Bulgaria's main importing competitors in Refined Copper were:

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $130M
TOP IMPORT POTENTIALKazakhstan+ $6.34M

Refined Copper’s highest export potential is China. With an export gap of $130M.   Refined Copper’s highest import potential is Kazakhstan with an import gap of $6.34M.

See methodology.

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