HS Icon Refined Petroleum in  Flag Bulgaria

2021
Exports | Imports
: $1.13B | $882M, World Rnk 51 / 218
Flag Rnk 4 / 1200 | World Rnk 98 / 226
Flag Rnk 6 / 1204

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $143M | $88.2M, Ukraine |  Russia

2021
ECONOMIC COMPLEXITY of Bulgaria
: 0.63, Rnk 40 / 131

2021
PRODUCT COMPLEXITY IN Refined Petroleum
: -0.92, Rnk 817 / 1029

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).

Tariffs In 2006, the average tariff for Bulgaria in Refined Petroleum was 8%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatment, 9.32%), Burundi (Most Favoured Nation duty rate treatment, 9.32%), Benin (Most Favoured Nation duty rate treatment, 9.32%), Burkina Faso (Most Favoured Nation duty rate treatment, 9.32%), and Botswana (Most Favoured Nation duty rate treatment, 9.32%).

Subnational Monthly Trade

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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

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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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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bulgaria WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bulgaria WERE (2020 - 2021):

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Market Concentration

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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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