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2022
Flag → Flag
Exports $1.02BRnk 15 / 206
2022
Flag → Flag
Top Product $63.9MSunflower Seeds
2022
Flag → Flag
Exports $425MRnk 70 / 224
2022
Flag → Flag
Top Product $54MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Bulgaria-United Kingdom Trade: In 2022, Bulgaria exported $1.02B to United Kingdom. The main products that Bulgaria exported to United Kingdom were Sunflower Seeds ($63.9M), Packaged Medicaments ($38.7M), and Office Machine Parts ($35.9M). Over the past 5 years the exports of Bulgaria to United Kingdom have increased at an annualized rate of 5.9%, from $769M in 2017 to $1.02B in 2022.

In 2020, Bulgaria exported services to United Kingdom worth $729M, with Computer and information services ($239M), Other business services ($239M), and Travel ($105M) being the largest in terms of value.

United Kingdom-Bulgaria Trade: In 2022, United Kingdom exported $425M to Bulgaria. The main products that United Kingdom exported to Bulgaria were Gas Turbines ($54M), Hard Liquor ($27.6M), and Large Construction Vehicles ($26.5M). Over the past 5 years the exports of United Kingdom to Bulgaria have decreased at an annualized rate of 4.93%,  from $547M in 2017 to $425M in 2022.

In 2019, United Kingdom exported services to Bulgaria worth $417M, with Travel ($267M), Other business services ($57.4M), and Transportation ($56.1M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $1.02B to United Kingdom. The main products exported from Bulgaria to United Kingdom were Sunflower Seeds ($63.9M), Packaged Medicaments ($38.7M), and Office Machine Parts ($35.9M). During the last 5 years the exports of Bulgaria to United Kingdom have increased at an annualized rate of 5.9%, from $769M in 2017 to $1.02B in 2022.

In 2017, United Kingdom exported $425M to Bulgaria. The main products exported from United Kingdom to Bulgaria were Gas Turbines ($54M), Hard Liquor ($27.6M), and Large Construction Vehicles ($26.5M). During the last 5 years the exports of United Kingdom to Bulgaria have decreased at an annualized rate of 4.93%, from $547M in 2022 to $425M in 2017.

Exports from Bulgaria (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and United Kingdom (Flag)

Bulgaria Exports

United Kingdom Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Bulgaria than United Kingdom included Romania ($6.55B), Greece ($2.93B), and Serbia ($1.29B).

In 2022, countries that imported more from United Kingdom than Bulgaria included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - United Kingdom

Flow
Scale

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

During 2022, Bulgaria had a large net trade with United Kingdom in the exports of Machines ($215M), Textiles ($146M), and Foodstuffs ($107M).

During 2017, United Kingdom had a large net trade with Bulgaria in the exports of Machines ($167M), Transportation ($70.9M), and Chemical Products ($44.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria United Kingdom+$37.4MPackaged Medicaments
Top Product Potential United Kingdom Bulgaria+$27MCars

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 United Kingdom worth $729M, with Computer and information services ($239M), Other business services ($239M), and Travel ($105M) being the largest in terms of value.

In 2019, United Kingdom exported services to Bulgaria worth $417M, with Travel ($267M), Other business services ($57.4M), and Transportation ($56.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Bulgaria (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Bulgaria (Flag) and United Kingdom (Flag) (2022)

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