2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH
64%CURRENT US$
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2022
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 GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
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GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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2022
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GDP PC
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Bulgaria-Ireland Trade: In 2022, Bulgaria exported $115M to Ireland. The main products that Bulgaria exported to Ireland were Refined Petroleum ($35.1M), Packaged Medicaments ($12.8M), and Light Fixtures ($6.88M). Over the past 5 years the exports of Bulgaria to Ireland have increased at an annualized rate of 12.5%, from $64M in 2017 to $115M in 2022.

In 2020, Bulgaria exported services to Ireland worth $181M, with Other business services ($63.8M), Computer and information services ($57.3M), and Communications services ($40.3M) being the largest in terms of value.

Ireland-Bulgaria Trade: In 2022, Ireland exported $266M to Bulgaria. The main products that Ireland exported to Bulgaria were Packaged Medicaments ($52.8M), Planes, Helicopters, and/or Spacecraft ($30.2M), and Scented Mixtures ($27.2M). Over the past 5 years the exports of Ireland to Bulgaria have increased at an annualized rate of 15.2%,  from $131M in 2017 to $266M in 2022.

In 2020, Ireland exported services to Bulgaria worth $38.8M, with Other business services ($27.4M), Insurance services ($8M), and Transportation ($1.14M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $115M to Ireland. The main products exported from Bulgaria to Ireland were Refined Petroleum ($35.1M), Packaged Medicaments ($12.8M), and Light Fixtures ($6.88M). During the last 5 years the exports of Bulgaria to Ireland have increased at an annualized rate of 12.5%, from $64M in 2017 to $115M in 2022.

In 2017, Ireland exported $266M to Bulgaria. The main products exported from Ireland to Bulgaria were Packaged Medicaments ($52.8M), Planes, Helicopters, and/or Spacecraft ($30.2M), and Scented Mixtures ($27.2M). During the last 5 years the exports of Ireland to Bulgaria have increased at an annualized rate of 15.2%, from $131M in 2022 to $266M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Ireland (Flag)

Bulgaria Exports

Ireland Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Ireland
Top Destination
United States$70.7B

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

In 2022, countries that imported more from Bulgaria than Ireland included Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

In 2022, countries that imported more from Ireland than Bulgaria included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Bulgaria - Ireland

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Ireland in the exports of Mineral Products ($35.1M), Machines ($21.9M), and Chemical Products ($18.1M).

During 2017, Ireland had a large net trade with Bulgaria in the exports of Chemical Products ($140M), Foodstuffs ($34.8M), and Transportation ($30.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Ireland+$21MRefined Petroleum
Top Product Potential Ireland Bulgaria+$27.6MPackaged 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 Ireland worth $181M, with Other business services ($63.8M), Computer and information services ($57.3M), and Communications services ($40.3M) being the largest in terms of value.

In 2020, Ireland exported services to Bulgaria worth $38.8M, with Other business services ($27.4M), Insurance services ($8M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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