2022
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GDP
$89BCURRENT US$
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2012-2022
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GDP GROWTH
64%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Bulgaria-Spain Trade: In 2022, Bulgaria exported $1.32B to Spain. The main products that Bulgaria exported to Spain were Seed Oils ($308M), Wheat ($114M), and Sunflower Seeds ($65.7M). Over the past 5 years the exports of Bulgaria to Spain have increased at an annualized rate of 7.53%, from $921M in 2017 to $1.32B in 2022.

In 2020, Bulgaria exported services to Spain worth $119M, with Computer and information services ($34.4M), Travel ($33.4M), and Transportation ($31.5M) being the largest in terms of value.

Spain-Bulgaria Trade: In 2022, Spain exported $1.22B to Bulgaria. The main products that Spain exported to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($258M), Pig Meat ($103M), and Cars ($45.5M). Over the past 5 years the exports of Spain to Bulgaria have decreased at an annualized rate of 4.65%,  from $1.79B in 2017 to $1.22B in 2022.

In 2008, Spain exported services to Bulgaria worth $71M, with Services not allocated ($71M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $1.32B to Spain. The main products exported from Bulgaria to Spain were Seed Oils ($308M), Wheat ($114M), and Sunflower Seeds ($65.7M). During the last 5 years the exports of Bulgaria to Spain have increased at an annualized rate of 7.53%, from $921M in 2017 to $1.32B in 2022.

In 2017, Spain exported $1.22B to Bulgaria. The main products exported from Spain to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($258M), Pig Meat ($103M), and Cars ($45.5M). During the last 5 years the exports of Spain to Bulgaria have decreased at an annualized rate of 4.65%, from $1.79B in 2022 to $1.22B in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Spain (Flag)

Bulgaria Exports

Spain Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Bulgaria than Spain included Romania ($6.55B), Ukraine ($1.2B), and North Macedonia ($780M).

In 2022, countries that imported more from Spain than Bulgaria included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

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

Comparative Advantage Bulgaria - Spain

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Spain in the exports of Animal and Vegetable Bi-Products ($308M), Vegetable Products ($253M), and Machines ($242M).

During 2017, Spain had a large net trade with Bulgaria in the exports of Chemical Products ($374M), Animal Products ($135M), and Machines ($120M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Spain+$47.1MRefined Petroleum
Top Product Potential Spain Bulgaria+$22.7MCars

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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Economic Complexity

Competitive Landscape

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

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

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