2022
Exports
$3MWorld Rnk 69 / 194
Flag Rnk 617 / 1211
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$4.46MWorld Rnk 77 / 223
Flag Rnk 710 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $3M in Spices, making it the 69th largest exporter of Spices in the world. At the same year, Spices was the 617th most exported product in Bulgaria. The main destination of Spices exports from Bulgaria are: Germany ($1.16M), Latvia ($406k), Greece ($150k), Spain ($134k), and United States ($133k).

The fastest growing export markets for Spices of Bulgaria between 2021 and 2022 were United Kingdom ($121k), China ($63.3k), and United Arab Emirates ($25.3k).

Imports In 2022, Bulgaria imported $4.46M in Spices, becoming the 77th largest importer of Spices in the world. At the same year, Spices was the 710th most imported product in Bulgaria. Bulgaria imports Spices primarily from: Germany ($975k), Greece ($616k), Netherlands ($610k), Romania ($419k), and Austria ($366k).

The fastest growing import markets in Spices for Bulgaria between 2021 and 2022 were Hungary ($169k), India ($83.8k), and Latvia ($72.6k).

Latest Trends

Sep 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 Spices. 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)$3M
IMPORTS (2022)$4.46M
NET TRADE (2022)-$1.47M

In 2022, Bulgaria exported $3M in Spices. The main destinations of Bulgaria exports on Spices were Germany ($1.16M), Latvia ($406k), Greece ($150k), Spain ($134k), and United States ($133k).

In 2022, Bulgaria imported $4.46M in Spices, mainly from Germany ($975k), Greece ($616k), Netherlands ($610k), Romania ($419k), and Austria ($366k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
United Kingdom$121k (1.27k%)
China$63.3k (937%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Bulgaria WERE (2021 - 2022):
Germany-$411k (-26.1%)
Latvia-$225k (-35.6%)
Hungary-$142k (-71.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $268k
TOP IMPORT POTENTIALIndia+ $277k

Spices’s highest export potential is United States. With an export gap of $268k.   Spices’s highest import potential is India with an import gap of $277k.

See methodology.

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