Refined Petroleum in Bulgaria

EXPORTS (2018): $1.92B, World Rnk 46 / 198
Flag Rnk 1 / 1170

TOP DESTINATION (2018): $407M, Turkey

FASTEST GROWING MARKET (2017 - 2018): $126M, Gibraltar

IMPORTS (2018): $711M, World Rnk 108 / 221
Flag Rnk 6 / 1199

TOP ORIGIN (2018): $325M, Romania

FASTEST GROWING ORIGIN (2017 - 2018): $11.5M, Serbia

ECONOMIC COMPLEXITY of Bulgaria (2018): 0.49, Rnk 47 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Exports: In 2018, Bulgaria exported $1.92B in Refined Petroleum, making it the 46th 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: Turkey ($407M), Italy ($196M), Gibraltar ($191M), Egypt ($170M), and Tunisia ($101M).

The fastest growing export markets for Refined Petroleum of Bulgaria between 2017 and 2018 were Gibraltar ($126M), Italy ($119M), and United States ($71.3M).

Imports: In 2018, Bulgaria imported $711M in Refined Petroleum, becoming the 108th 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 ($325M), Russia ($139M), Greece ($74.2M), Serbia ($58.2M), and Germany ($21.6M).

The fastest growing import markets in Refined Petroleum for Bulgaria between 2017 and 2018 were Serbia ($11.5M), Italy ($9.51M), and Greece ($7.58M).

Tariffs: In 2006, the average tariff for Bulgaria in Refined Petroleum was 7.99%. The countries with the highest import tariffs for Refined Petroleum were Angola (9.32%), Burundi (9.32%), Benin (9.32%), Burkina Faso (9.32%), and Botswana (9.32%).

Value

EXPORTS (2018): $1.92B

IMPORTS (2018): $711M

NET TRADE (2018): $1.21B

In 2018, Bulgaria exported $1.92B in Refined Petroleum. The main destinations of Bulgaria exports on Refined Petroleum were Turkey ($407M), Italy ($196M), Gibraltar ($191M), Egypt ($170M), and Tunisia ($101M).

In 2018, Bulgaria imported $711M in Refined Petroleum, mainly from Romania ($325M), Russia ($139M), Greece ($74.2M), Serbia ($58.2M), and Germany ($21.6M).

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IN 2018, Bulgaria HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2018, Bulgaria HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bulgaria WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bulgaria WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Bulgaria's main exporting competitors in Refined Petroleum were:

In 2018, Bulgaria's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Bulgaria. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2006, the average tariff for Bulgaria in Refined Petroleum was 7.99%.

The countries with the highest tariffs for Refined Petroleum in Bulgaria were Angola (9.32%), Burundi (9.32%), Benin (9.32%), Burkina Faso (9.32%), and Botswana (9.32%).

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