2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Bulgaria-Germany Trade: In 2022, Bulgaria exported $6.91B to Germany. The main products that Bulgaria exported to Germany were Raw Copper ($865M), Precious Metal Ore ($569M), and Electrical Power Accessories ($227M). Over the past 5 years the exports of Bulgaria to Germany have increased at an annualized rate of 9.14%, from $4.46B in 2017 to $6.91B in 2022.

In 2020, Bulgaria exported services to Germany worth $995M, with Computer and information services ($343M), Transportation ($282M), and Travel ($174M) being the largest in terms of value.

Germany-Bulgaria Trade: In 2022, Germany exported $5.63B to Bulgaria. The main products that Germany exported to Bulgaria were Cars ($423M), Packaged Medicaments ($264M), and Tractors ($173M). Over the past 5 years the exports of Germany to Bulgaria have increased at an annualized rate of 2.24%,  from $4.03B in 2017 to $5.63B in 2022.

In 2020, Germany exported services to Bulgaria worth $386M, with Transportation ($179M), Other business services ($122M), and Computer and information services ($59.4M) being the largest in terms of value.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $6.91B to Germany. The main products exported from Bulgaria to Germany were Raw Copper ($865M), Precious Metal Ore ($569M), and Electrical Power Accessories ($227M). During the last 5 years the exports of Bulgaria to Germany have increased at an annualized rate of 9.14%, from $4.46B in 2017 to $6.91B in 2022.

In 2017, Germany exported $5.63B to Bulgaria. The main products exported from Germany to Bulgaria were Cars ($423M), Packaged Medicaments ($264M), and Tractors ($173M). During the last 5 years the exports of Germany to Bulgaria have increased at an annualized rate of 2.24%, from $4.03B in 2022 to $5.63B in 2017.

Exports from Bulgaria (Flag) to Germany (Flag) (2022)

Exports from Germany (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Germany (Flag)

Bulgaria Exports

Germany Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Germany
Top Destination
United States$153B

This map shows whether countries import more from Bulgaria or Germany. Each country is colored based on the difference in imports they receive from Bulgaria and Germany or the difference in the growth in imports.

In 2022, countries that imported more from Bulgaria than Germany included Gibraltar ($552M) and Namibia ($203M).

In 2022, countries that imported more from Germany than Bulgaria included United States ($153B), France ($120B), and China ($109B).

Difference in imports from Germany (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Germany

Flow
Scale

This chart compares trade between Bulgaria and Germany by product, considering products traded by both, Bulgaria and Germany.

During 2022, Bulgaria had a large net trade with Germany in the exports of Machines ($1.78B), Metals ($1.73B), and Transportation ($641M).

During 2017, Germany had a large net trade with Bulgaria in the exports of Machines ($1.75B), Transportation ($953M), and Chemical Products ($684M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Germany+$69.1MPackaged Medicaments
Top Product Potential Germany Bulgaria+$107MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Bulgaria exported services to Germany worth $995M, with Computer and information services ($343M), Transportation ($282M), and Travel ($174M) being the largest in terms of value.

In 2020, Germany exported services to Bulgaria worth $386M, with Transportation ($179M), Other business services ($122M), and Computer and information services ($59.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Germany (Flag) (2020)

Services Exports from Germany (Flag) to Bulgaria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Germany. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Germany (Flag) (2022)

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