2023
Exports
$20.8MWorld Rnk 29 / 177
Flag Rnk 304 / 1207
2023
PRODUCT COMPLEXITY IN Woodworking machines
1.29Rnk 81 / 1025
2023
Imports
$35.8MWorld Rnk 49 / 217
Flag Rnk 270 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $20.8M in Woodworking machines, making it the 29th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 304th most exported product in Bulgaria. The main destination of Woodworking machines exports from Bulgaria are: Germany ($5.56M), Romania ($4M), Austria ($2.51M), Russia ($1.93M), and Spain ($1.11M).

The fastest growing export markets for Woodworking machines of Bulgaria between 2022 and 2023 were Romania ($2.62M), France ($485k), and Serbia ($421k).

Imports In 2023, Bulgaria imported $35.8M in Woodworking machines, becoming the 49th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 270th most imported product in Bulgaria. Bulgaria imports Woodworking machines primarily from: Italy ($7.08M), Germany ($7M), Turkey ($6.99M), China ($5.16M), and Poland ($2.26M).

The fastest growing import markets in Woodworking machines for Bulgaria between 2022 and 2023 were China ($3.38M), Germany ($2.87M), and Italy ($2.28M).

Latest Trends

Dec 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 Woodworking machines. 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)$20.8M
IMPORTS (2023)$35.8M
NET TRADE (2023)-$14.9M

In 2023, Bulgaria exported $20.8M in Woodworking machines. The main destinations of Bulgaria exports on Woodworking machines were Germany ($5.56M), Romania ($4M), Austria ($2.51M), Russia ($1.93M), and Spain ($1.11M).

In 2023, Bulgaria imported $35.8M in Woodworking machines, mainly from Italy ($7.08M), Germany ($7M), Turkey ($6.99M), China ($5.16M), and Poland ($2.26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Romania$2.62M (189%)
France$485k (293%)
Serbia$421k (161%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Bulgaria WERE (2022 - 2023):
Germany-$2.71M (-32.8%)
Sweden-$574k (-88.9%)
Italy-$510k (-60.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Woodworking machines were:
China $2.22B
Germany $1.75B
Italy $1.23B
In 2023, Bulgaria's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $969k
TOP IMPORT POTENTIALChina+ $1.59M

Woodworking machines’s highest export potential is Russia. With an export gap of $969k.   Woodworking machines’s highest import potential is China with an import gap of $1.59M.

See methodology.

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