2023
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GDP
$102BCURRENT US$
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2013-2023
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GDP GROWTH
83.4%CURRENT US$
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$4.2TCURRENT US$
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-19.3%CURRENT US$
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GDP PC 
$15,886CURRENT US$
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107%CURRENT US$
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$33,767CURRENT US$
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-17.4%CURRENT US$
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About

Bulgaria-Japan Trade: In 2023, Bulgaria exported $130M to Japan. The main products that Bulgaria exported to Japan were Gas Turbines ($17.4M), Non-Knit Men's Coats ($6.09M), and Integrated Circuits ($5.76M). Over the past 5 years the exports of Bulgaria to Japan have increased at an annualized rate of 1.7%, from $119M in 2018 to $130M in 2023.

In 2020, Bulgaria exported services to Japan worth $16.9M, with Royalties and license fees ($6.62M), Computer and information services ($5.37M), and Travel ($1.83M) being the largest in terms of value.

Japan-Bulgaria Trade: In 2023, Japan exported $202M to Bulgaria. The main products that Japan exported to Bulgaria were Cars ($49.6M), Bi-Wheel Vehicle Parts ($13.3M), and Medical Instruments ($10.9M). Over the past 5 years the exports of Japan to Bulgaria have increased at an annualized rate of 3.89%,  from $167M in 2018 to $202M in 2023.

In 2023, Japan did not export any services to Bulgaria.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $130M to Japan. The main products exported from Bulgaria to Japan were Gas Turbines ($17.4M), Non-Knit Men's Coats ($6.09M), and Integrated Circuits ($5.76M). During the last 5 years the exports of Bulgaria to Japan have increased at an annualized rate of 1.7%, from $119M in 2018 to $130M in 2023.

In 2018, Japan exported $202M to Bulgaria. The main products exported from Japan to Bulgaria were Cars ($49.6M), Bi-Wheel Vehicle Parts ($13.3M), and Medical Instruments ($10.9M). During the last 5 years the exports of Japan to Bulgaria have increased at an annualized rate of 3.89%, from $167M in 2023 to $202M in 2018.

Exports from Bulgaria (Flag) to Japan (Flag) (2023)

Exports from Japan (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and Japan (Flag)

Bulgaria Exports

Japan Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Japan
Top Destination
United States$143B

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

In 2023, countries that imported more from Bulgaria than Japan included Romania ($5.63B), Greece ($3.04B), and Serbia ($1.01B).

In 2023, countries that imported more from Japan than Bulgaria included United States ($143B), China ($138B), and Chinese Taipei ($43B).

Difference in imports from Japan (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - Japan

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Japan in the exports of Machines ($48.2M), Textiles ($31.7M), and Animal Products ($10.6M).

During 2018, Japan had a large net trade with Bulgaria in the exports of Transportation ($72.5M), Machines ($68.7M), and Instruments ($18.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Japan+$15.1MIntegrated Circuits
Top Product Potential Japan Bulgaria+$40.6MCars

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

Product Space of Bulgaria (Flag) and Japan (Flag) (2023)

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