Bulgaria-Serbia Trade: In 2022, Bulgaria exported $1.29B to Serbia. The main products that Bulgaria exported to Serbia were Electricity ($258M), Refined Petroleum ($105M), and Refined Copper ($96.2M). Over the past 5 years the exports of Bulgaria to Serbia have increased at an annualized rate of 17%, from $590M in 2017 to $1.29B in 2022.
In 2022, Bulgaria did not export any services to Serbia.
Serbia-Bulgaria Trade: In 2022, Serbia exported $937M to Bulgaria. The main products that Serbia exported to Bulgaria were Copper Ore ($147M), Hot-Rolled Iron ($61.1M), and Refined Petroleum ($41.5M). Over the past 5 years the exports of Serbia to Bulgaria have increased at an annualized rate of 7.07%, from $666M in 2017 to $937M in 2022.
In 2019, Serbia exported services to Bulgaria worth $111M, with Travel ($31.3M), Other business services ($31.3M), and Transportation ($26.9M) 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, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).