2021
Exports | Imports
$1.13B | $882MWorld Rnk 51 / 218
Flag Rnk 4 / 1200
World Rnk 98 / 226
Flag Rnk 6 / 1204
2021
ECONOMIC COMPLEXITY of Bulgaria
0.63Rnk 40 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Bulgaria exported $1.13B in Refined Petroleum, making it the 51st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Bulgaria. The main destination of Refined Petroleum exports from Bulgaria are: Ukraine ($146M), Gibraltar ($144M), Georgia ($119M), Tunisia ($113M), and Egypt ($71.5M).

The fastest growing export markets for Refined Petroleum of Bulgaria between 2020 and 2021 were Ukraine ($143M), Georgia ($71.6M), and Gibraltar ($36.8M).

Imports In 2021, Bulgaria imported $882M in Refined Petroleum, becoming the 98th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most imported product in Bulgaria. Bulgaria imports Refined Petroleum primarily from: Romania ($308M), Russia ($255M), Greece ($113M), Italy ($58.6M), and Turkey ($32.9M).

The fastest growing import markets in Refined Petroleum for Bulgaria between 2020 and 2021 were Russia ($88.2M), Romania ($85.8M), and Italy ($47.5M).

Latest Trends

Dec 2023

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 Petroleum. 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 (2021)$1.13B
IMPORTS (2021)$882M
NET TRADE (2021)$244M

In 2021, Bulgaria exported $1.13B in Refined Petroleum. The main destinations of Bulgaria exports on Refined Petroleum were Ukraine ($146M), Gibraltar ($144M), Georgia ($119M), Tunisia ($113M), and Egypt ($71.5M).

In 2021, Bulgaria imported $882M in Refined Petroleum, mainly from Romania ($308M), Russia ($255M), Greece ($113M), Italy ($58.6M), and Turkey ($32.9M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bulgaria WERE (2020 - 2021):
Ukraine$143M (5.42k%)
Georgia$71.6M (152%)
Gibraltar$36.8M (34.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bulgaria WERE (2020 - 2021):
Turkey-$121M (-67.6%)
Greece-$33.4M (-60.6%)
Libya-$24M (-59.4%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Bulgaria's main exporting competitors in Refined Petroleum were:
In 2021, Bulgaria's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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