2022
Exports
$56.8MWorld Rnk 36 / 144
Flag Rnk 170 / 1211
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$103MWorld Rnk 25 / 182
Flag Rnk 109 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $56.8M in Silver, making it the 36th largest exporter of Silver in the world. At the same year, Silver was the 170th most exported product in Bulgaria. The main destination of Silver exports from Bulgaria are: Estonia ($28.6M), Czechia ($9.31M), Italy ($8.69M), Turkey ($4.52M), and Germany ($3.17M).

The fastest growing export markets for Silver of Bulgaria between 2021 and 2022 were Estonia ($26.3M), Czechia ($3.22M), and Turkey ($1.24M).

Imports In 2022, Bulgaria imported $103M in Silver, becoming the 25th largest importer of Silver in the world. At the same year, Silver was the 109th most imported product in Bulgaria. Bulgaria imports Silver primarily from: Italy ($93.5M), Germany ($3.44M), Czechia ($2.38M), Estonia ($1.08M), and Switzerland ($552k).

The fastest growing import markets in Silver for Bulgaria between 2021 and 2022 were Italy ($84.7M), Czechia ($2.14M), and Estonia ($618k).

Latest Trends

Nov 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 Silver. 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)$56.8M
IMPORTS (2022)$103M
NET TRADE (2022)-$45.9M

In 2022, Bulgaria exported $56.8M in Silver. The main destinations of Bulgaria exports on Silver were Estonia ($28.6M), Czechia ($9.31M), Italy ($8.69M), Turkey ($4.52M), and Germany ($3.17M).

In 2022, Bulgaria imported $103M in Silver, mainly from Italy ($93.5M), Germany ($3.44M), Czechia ($2.38M), Estonia ($1.08M), and Switzerland ($552k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Estonia$26.3M (1.17k%)
Czechia$3.22M (52.8%)
Turkey$1.24M (37.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Bulgaria WERE (2021 - 2022):
Germany-$8.12M (-71.9%)
Italy-$2.9M (-25%)
Slovakia-$1.12M (-96.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Silver were:
In 2022, Bulgaria's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $4.5M
TOP IMPORT POTENTIALGermany+ $2.27M

Silver’s highest export potential is Turkey. With an export gap of $4.5M.   Silver’s highest import potential is Germany with an import gap of $2.27M.

See methodology.

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