Bulgaria / Cyprus

Bulgaria-Cyprus Trade: In 2023, Bulgaria exported $157M to Cyprus. The main products that Bulgaria exported to Cyprus were Raw Iron Bars ($36.7M), Other Vegetable Residues ($9.53M), and Baked Goods ($7.74M). Over the past 5 years the exports of Bulgaria to Cyprus have increased at an annualized rate of 2.15%, from $141M in 2018 to $157M in 2023.

In 2020, Bulgaria exported services to Cyprus worth $117M, with Computer and information services ($81.6M), Communications services ($13.2M), and Transportation ($7.2M) being the largest in terms of value.

Cyprus-Bulgaria Trade: In 2023, Cyprus exported $65.4M to Bulgaria. The main products that Cyprus exported to Bulgaria were Valves ($18.5M), Packaged Medicaments ($14.3M), and Unpackaged Medicaments ($4.82M). Over the past 5 years the exports of Cyprus to Bulgaria have decreased at an annualized rate of 4.8%,  from $151M in 2018 to $65.4M in 2023.

In 2020, Cyprus exported services to Bulgaria worth $28.6M, with Financial services ($25.1M), Transportation ($2.28M), and Travel ($1.14M) being the largest in terms of value.

Comparison In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69),  and 59 in total exports ($50.6B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.