2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH
11.8%CURRENT US$
Rnk 110 / 186

About

Bulgaria-Netherlands Trade: In 2022, Bulgaria exported $1.44B to Netherlands. The main products that Bulgaria exported to Netherlands were Sunflower Seeds ($120M), Industrial Fatty Acids, Oils and Alcohols ($109M), and Seed Oils ($108M). Over the past 5 years the exports of Bulgaria to Netherlands have increased at an annualized rate of 13.2%, from $778M in 2017 to $1.44B in 2022.

In 2020, Bulgaria exported services to Netherlands worth $259M, with Other business services ($84.2M), Computer and information services ($79.3M), and Travel ($42.6M) being the largest in terms of value.

Netherlands-Bulgaria Trade: In 2022, Netherlands exported $2.29B to Bulgaria. The main products that Netherlands exported to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($624M), Packaged Medicaments ($118M), and Broadcasting Equipment ($96.5M). Over the past 5 years the exports of Netherlands to Bulgaria have increased at an annualized rate of 13.6%,  from $1.21B in 2017 to $2.29B in 2022.

In 2020, Netherlands exported services to Bulgaria worth $300M, with Travel ($108M), Other business services ($67M), and Transportation ($64.6M) 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, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $1.44B to Netherlands. The main products exported from Bulgaria to Netherlands were Sunflower Seeds ($120M), Industrial Fatty Acids, Oils and Alcohols ($109M), and Seed Oils ($108M). During the last 5 years the exports of Bulgaria to Netherlands have increased at an annualized rate of 13.2%, from $778M in 2017 to $1.44B in 2022.

In 2017, Netherlands exported $2.29B to Bulgaria. The main products exported from Netherlands to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($624M), Packaged Medicaments ($118M), and Broadcasting Equipment ($96.5M). During the last 5 years the exports of Netherlands to Bulgaria have increased at an annualized rate of 13.6%, from $1.21B in 2022 to $2.29B in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Netherlands (Flag)

Bulgaria Exports

Netherlands Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Netherlands
Top Destination
Germany$131B

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

In 2022, countries that imported more from Bulgaria than Netherlands included Romania ($6.55B), North Macedonia ($780M), and Serbia ($1.29B).

In 2022, countries that imported more from Netherlands than Bulgaria included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

Comparative Advantage Bulgaria - Netherlands

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Netherlands in the exports of Machines ($245M), Chemical Products ($213M), and Mineral Products ($183M).

During 2017, Netherlands had a large net trade with Bulgaria in the exports of Chemical Products ($884M), Machines ($544M), and Metals ($133M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Netherlands+$90.8MRefined Petroleum
Top Product Potential Netherlands Bulgaria+$16.2MPackaged 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 Netherlands worth $259M, with Other business services ($84.2M), Computer and information services ($79.3M), and Travel ($42.6M) being the largest in terms of value.

In 2020, Netherlands exported services to Bulgaria worth $300M, with Travel ($108M), Other business services ($67M), and Transportation ($64.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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