Bulgaria / Hungary

Bulgaria-Hungary Trade: In 2023, Bulgaria exported $612M to Hungary. The main products that Bulgaria exported to Hungary were Industrial Fatty Acids, Oils and Alcohols ($108M), Low-voltage Protection Equipment ($29.8M), and Other Plastic Products ($28.7M). Over the past 5 years the exports of Bulgaria to Hungary have increased at an annualized rate of 4.18%, from $499M in 2018 to $612M in 2023.

In 2020, Bulgaria exported services to Hungary worth $79.7M, with Transportation ($38.3M), Other business services ($16.6M), and Travel ($15.3M) being the largest in terms of value.

Hungary-Bulgaria Trade: In 2023, Hungary exported $1.84B to Bulgaria. The main products that Hungary exported to Bulgaria were Packaged Medicaments ($270M), Cars ($192M), and Broadcasting Equipment ($90.2M). Over the past 5 years the exports of Hungary to Bulgaria have increased at an annualized rate of 7.89%,  from $1.26B in 2018 to $1.84B in 2023.

In 2020, Hungary exported services to Bulgaria worth $192M, with Transportation ($112M), Travel ($53M), and Other business services ($11.1M) 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).