2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
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2022
Flag
 GDP
$522BCURRENT US$
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2012-2022
Flag
GDP GROWTH
99%CURRENT US$
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2022
Flag
GDP PC 
$13,772CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
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2022
Flag
GDP PC
$54,660CURRENT US$
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2012-2022
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GDP PC GROWTH
64.9%CURRENT US$
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About

Bulgaria-Israel Trade: In 2022, Bulgaria exported $317M to Israel. The main products that Bulgaria exported to Israel were Refined Petroleum ($72.2M), Wheat ($28.8M), and Starch Residue ($27.7M). Over the past 5 years the exports of Bulgaria to Israel have increased at an annualized rate of 19.2%, from $132M in 2017 to $317M in 2022.

In 2009, Bulgaria exported services to Israel worth $135M, with Services not allocated ($67.5M), Travel ($57.1M), and Other business services ($2.87M) being the largest in terms of value.

Israel-Bulgaria Trade: In 2022, Israel exported $68.4M to Bulgaria. The main products that Israel exported to Bulgaria were Scrap Copper ($11.4M), Non-woven Textiles ($4.77M), and Cleaning Products ($3.37M). Over the past 5 years the exports of Israel to Bulgaria have increased at an annualized rate of 1.05%,  from $61M in 2017 to $68.4M in 2022.

In 2012, Israel exported services to Bulgaria worth $89.6M, with Computer and information services ($89.6M) 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $317M to Israel. The main products exported from Bulgaria to Israel were Refined Petroleum ($72.2M), Wheat ($28.8M), and Starch Residue ($27.7M). During the last 5 years the exports of Bulgaria to Israel have increased at an annualized rate of 19.2%, from $132M in 2017 to $317M in 2022.

In 2017, Israel exported $68.4M to Bulgaria. The main products exported from Israel to Bulgaria were Scrap Copper ($11.4M), Non-woven Textiles ($4.77M), and Cleaning Products ($3.37M). During the last 5 years the exports of Israel to Bulgaria have increased at an annualized rate of 1.05%, from $61M in 2022 to $68.4M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Israel (Flag)

Bulgaria Exports

Israel Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Israel
Top Destination
United States$20.3B

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

In 2022, countries that imported more from Bulgaria than Israel included Romania ($6.55B), Germany ($6.91B), and Italy ($3.85B).

In 2022, countries that imported more from Israel than Bulgaria included United States ($20.3B), Palestine ($4.6B), and China ($5.53B).

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

Comparative Advantage Bulgaria - Israel

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Israel in the exports of Mineral Products ($74M), Foodstuffs ($68.7M), and Vegetable Products ($54.6M).

During 2017, Israel had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($15.5M), Machines ($12.8M), and Metals ($12.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Israel+$23.1MRefined Petroleum
Top Product Potential Israel Bulgaria+$2.44MPesticides

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 Israel. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Bulgaria.

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

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