2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH
46.6%CURRENT US$
Rnk 71 / 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
$9,394CURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
Rnk 32 / 186

About

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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $1.29B to Serbia. The main products exported from Bulgaria to Serbia were Electricity ($258M), Refined Petroleum ($105M), and Refined Copper ($96.2M). During the last 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 2017, Serbia exported $937M to Bulgaria. The main products exported from Serbia to Bulgaria were Copper Ore ($147M), Hot-Rolled Iron ($61.1M), and Refined Petroleum ($41.5M). During the last 5 years the exports of Serbia to Bulgaria have increased at an annualized rate of 7.07%, from $666M in 2022 to $937M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Serbia (Flag)

Bulgaria Exports

Serbia Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Serbia
Top Destination
Germany$4B

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

In 2022, countries that imported more from Bulgaria than Serbia included Romania ($6.55B), Germany ($6.91B), and Greece ($2.93B).

In 2022, countries that imported more from Serbia than Bulgaria included Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Hungary ($1.69B).

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

Comparative Advantage Bulgaria - Serbia

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Serbia in the exports of Mineral Products ($411M), Metals ($187M), and Chemical Products ($156M).

During 2017, Serbia had a large net trade with Bulgaria in the exports of Mineral Products ($237M), Metals ($211M), and Foodstuffs ($100M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Serbia+$21.5MPetroleum Gas
Top Product Potential Serbia Bulgaria+$15.4MCopper Ore

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Bulgaria (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Serbia. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Serbia. Similarly, a dot/product with the flag of Serbia indicates it has a comparative advantage over Bulgaria.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with