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2022
Exports $3.55BWorld Rnk 40 / 214
Flag Rnk 1 / 1211
2022
Destination $731M Ukraine
2021 - 2022
FASTEST GROWING MARKET $731MUkraine
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $1.3BWorld Rnk 100 / 225
Flag Rnk 6 / 1209
2022
Origin $358M Russia
2021 - 2022
FASTEST GROWING ORIGIN $358MRussia
2022
ECONOMIC COMPLEXITY of Bulgaria0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $3.55B in Refined Petroleum, making it the 40th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Bulgaria. The main destination of Refined Petroleum exports from Bulgaria are: Ukraine ($877M), Egypt ($434M), Gibraltar ($419M), Turkey ($373M), and Romania ($149M).

The fastest growing export markets for Refined Petroleum of Bulgaria between 2021 and 2022 were Ukraine ($731M), Egypt ($363M), and Turkey ($315M).

Imports In 2022, Bulgaria imported $1.3B in Refined Petroleum, becoming the 100th 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: Russia ($614M), Romania ($361M), Greece ($87.3M), Turkey ($59M), and Italy ($42.9M).

The fastest growing import markets in Refined Petroleum for Bulgaria between 2021 and 2022 were Russia ($358M), Romania ($52M), and Turkey ($26.1M).

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 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 (2022)$3.55B
IMPORTS (2022)$1.3B
NET TRADE (2022)$2.25B

In 2022, Bulgaria exported $3.55B in Refined Petroleum. The main destinations of Bulgaria exports on Refined Petroleum were Ukraine ($877M), Egypt ($434M), Gibraltar ($419M), Turkey ($373M), and Romania ($149M).

In 2022, Bulgaria imported $1.3B in Refined Petroleum, mainly from Russia ($614M), Romania ($361M), Greece ($87.3M), Turkey ($59M), and Italy ($42.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Ukraine$731M (501%)
Egypt$363M (509%)
Turkey$315M (543%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bulgaria WERE (2021 - 2022):
Tunisia-$81.9M (-72.7%)
Saudi Arabia-$28.1M (-100%)
Armenia-$3.95M (-98%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Bulgaria's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $187M
TOP IMPORT POTENTIALRussia+ $146M

Refined Petroleum’s highest export potential is Turkey. With an export gap of $187M.   Refined Petroleum’s highest import potential is Russia with an import gap of $146M.

See methodology.

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