2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
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GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC 
$15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195
2023
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GDP PC
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Bulgaria-Denmark Trade: In 2023, Bulgaria exported $245M to Denmark. The main products that Bulgaria exported to Denmark were Motorcycles and cycles ($24.2M), Valves ($16.8M), and Other Furniture ($15.1M). Over the past 5 years the exports of Bulgaria to Denmark have increased at an annualized rate of 4.78%, from $194M in 2018 to $245M in 2023.

In 2020, Bulgaria exported services to Denmark worth $62.9M, with Computer and information services ($23.5M), Transportation ($16.3M), and Other business services ($12M) being the largest in terms of value.

Denmark-Bulgaria Trade: In 2023, Denmark exported $345M to Bulgaria. The main products that Denmark exported to Bulgaria were Semiconductor Devices ($86.9M), Packaged Medicaments ($58.3M), and Pig Meat ($20.4M). Over the past 5 years the exports of Denmark to Bulgaria have increased at an annualized rate of 13.5%,  from $183M in 2018 to $345M in 2023.

In 2020, Denmark exported services to Bulgaria worth $146M, with Transportation ($85.8M), Travel ($35.4M), and Other business services ($12.7M) 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $245M to Denmark. The main products exported from Bulgaria to Denmark were Motorcycles and cycles ($24.2M), Valves ($16.8M), and Other Furniture ($15.1M). During the last 5 years the exports of Bulgaria to Denmark have increased at an annualized rate of 4.78%, from $194M in 2018 to $245M in 2023.

In 2018, Denmark exported $345M to Bulgaria. The main products exported from Denmark to Bulgaria were Semiconductor Devices ($86.9M), Packaged Medicaments ($58.3M), and Pig Meat ($20.4M). During the last 5 years the exports of Denmark to Bulgaria have increased at an annualized rate of 13.5%, from $183M in 2023 to $345M in 2018.

Exports from Bulgaria (Flag) to Denmark (Flag) (2023)

Exports from Denmark (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and Denmark (Flag)

Bulgaria Exports

Denmark Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Denmark
Top Destination
Germany$14.8B

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

In 2023, countries that imported more from Bulgaria than Denmark included Romania ($5.63B), Greece ($3.04B), and Turkey ($2.73B).

In 2023, countries that imported more from Denmark than Bulgaria included Sweden ($11.2B), United States ($12B), and Germany ($14.8B).

Difference in imports from Denmark (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - Denmark

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Denmark in the exports of Machines ($50.1M), Transportation ($33.9M), and Textiles ($27.1M).

During 2018, Denmark had a large net trade with Bulgaria in the exports of Machines ($129M), Chemical Products ($73.5M), and Animal Products ($53.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Denmark+$16.1MElectricity
Top Product Potential Denmark Bulgaria+$20.5MPackaged Medicaments

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 Denmark worth $62.9M, with Computer and information services ($23.5M), Transportation ($16.3M), and Other business services ($12M) being the largest in terms of value.

In 2020, Denmark exported services to Bulgaria worth $146M, with Transportation ($85.8M), Travel ($35.4M), and Other business services ($12.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Denmark (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 Denmark. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Denmark (Flag) (2023)

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