2022
Exports
$70.4MWorld Rnk 48 / 226
Flag Rnk 65 / 96
2022
PRODUCT COMPLEXITY IN Tools & cutlery
1.7Rnk 24 / 1025
2022
Imports
$159MWorld Rnk 60 / 225
Flag Rnk 56 / 96
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $70.4M in Tools & cutlery, making it the 48th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 65th most exported product in Bulgaria. The main destination of Tools & cutlery exports from Bulgaria are: Germany ($23M), Romania ($6.74M), Greece ($3.64M), United States ($3.57M), and France ($3.54M).

The fastest growing export markets for Tools & cutlery of Bulgaria between 2021 and 2022 were Germany ($4.71M), United Kingdom ($1.82M), and Romania ($1.45M).

Imports In 2022, Bulgaria imported $159M in Tools & cutlery, becoming the 60th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 56th most imported product in Bulgaria. Bulgaria imports Tools & cutlery primarily from: Germany ($33.8M), China ($27.2M), Romania ($11.5M), Austria ($9.69M), and Netherlands ($9.62M).

The fastest growing import markets in Tools & cutlery for Bulgaria between 2021 and 2022 were Germany ($6.29M), China ($4.22M), and Portugal ($2.86M).

Latest Trends

Oct 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 Tools & cutlery. 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)$70.4M
IMPORTS (2022)$159M
NET TRADE (2022)-$88.3M

In 2022, Bulgaria exported $70.4M in Tools & cutlery. The main destinations of Bulgaria exports on Tools & cutlery were Germany ($23M), Romania ($6.74M), Greece ($3.64M), United States ($3.57M), and France ($3.54M).

In 2022, Bulgaria imported $159M in Tools & cutlery, mainly from Germany ($33.8M), China ($27.2M), Romania ($11.5M), Austria ($9.69M), and Netherlands ($9.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Germany$4.71M (25.7%)
United Kingdom$1.82M (4.29k%)
Romania$1.45M (27.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Bulgaria WERE (2021 - 2022):
Italy-$1.35M (-56.3%)
Turkey-$1.25M (-52.4%)
Spain-$607k (-34.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Tools & cutlery were:
In 2022, Bulgaria's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.1M
TOP IMPORT POTENTIALChina+ $11.9M

Tools & cutlery’s highest export potential is United States. With an export gap of $5.1M.   Tools & cutlery’s highest import potential is China with an import gap of $11.9M.

See methodology.

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