2023
Exports
$5.03MWorld Rnk 37 / 163
Flag Rnk 526 / 1207
2023
PRODUCT COMPLEXITY IN Silicone
1.64Rnk 28 / 1025
2023
Imports
$10.4MWorld Rnk 59 / 216
Flag Rnk 529 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $5.03M in Silicone, making it the 37th largest exporter of Silicone in the world. At the same year, Silicone was the 526th most exported product in Bulgaria. The main destination of Silicone exports from Bulgaria are: Czechia ($3.2M), Iran ($1.03M), Romania ($230k), Spain ($80.6k), and Italy ($66.7k).

The fastest growing export markets for Silicone of Bulgaria between 2022 and 2023 were Iran ($868k), Czechia ($564k), and Spain ($61.2k).

Imports In 2023, Bulgaria imported $10.4M in Silicone, becoming the 59th largest importer of Silicone in the world. At the same year, Silicone was the 529th most imported product in Bulgaria. Bulgaria imports Silicone primarily from: Germany ($5.23M), Italy ($1.41M), Netherlands ($993k), Turkey ($668k), and Belgium ($602k).

The fastest growing import markets in Silicone for Bulgaria between 2022 and 2023 were Germany ($637k), Romania ($54.2k), and United Kingdom ($30.9k).

Latest Trends

Jan 2025

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 Silicone. 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 (2023)$5.03M
IMPORTS (2023)$10.4M
NET TRADE (2023)-$5.35M

In 2023, Bulgaria exported $5.03M in Silicone. The main destinations of Bulgaria exports on Silicone were Czechia ($3.2M), Iran ($1.03M), Romania ($230k), Spain ($80.6k), and Italy ($66.7k).

In 2023, Bulgaria imported $10.4M in Silicone, mainly from Germany ($5.23M), Italy ($1.41M), Netherlands ($993k), Turkey ($668k), and Belgium ($602k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Iran$868k (544%)
Czechia$564k (21.4%)
Spain$61.2k (316%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Bulgaria WERE (2022 - 2023):
Ukraine-$114k (-99.8%)
North Macedonia-$95.9k (-95.7%)
Serbia-$64.3k (-58.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Silicone were:
In 2023, Bulgaria's main importing competitors in Silicone were:

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $296k
TOP IMPORT POTENTIALChina+ $693k

Silicone’s highest export potential is Turkey. With an export gap of $296k.   Silicone’s highest import potential is China with an import gap of $693k.

See methodology.

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