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2022
Flag → Flag
Exports $1.2BRnk 13 / 206
2022
Flag → Flag
Top Product $877MRefined Petroleum
2022
Flag → Flag
Exports $1.48BRnk 11 / 191
2022
Flag → Flag
Top Product $432MSunflower Seeds
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
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GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
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GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
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GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Bulgaria-Ukraine Trade: In 2022, Bulgaria exported $1.2B to Ukraine. The main products that Bulgaria exported to Ukraine were Refined Petroleum ($877M), Packaged Medicaments ($29.6M), and Nitrogenous Fertilizers ($17.9M). Over the past 5 years the exports of Bulgaria to Ukraine have increased at an annualized rate of 45.8%, from $183M in 2017 to $1.2B in 2022.

In 2022, Bulgaria did not export any services to Ukraine.

Ukraine-Bulgaria Trade: In 2022, Ukraine exported $1.48B to Bulgaria. The main products that Ukraine exported to Bulgaria were Sunflower Seeds ($432M), Semi-Finished Iron ($314M), and Seed Oils ($284M). Over the past 5 years the exports of Ukraine to Bulgaria have increased at an annualized rate of 21.2%,  from $469M in 2017 to $1.48B in 2022.

In 2022, Ukraine did not export any services to Bulgaria.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $1.2B to Ukraine. The main products exported from Bulgaria to Ukraine were Refined Petroleum ($877M), Packaged Medicaments ($29.6M), and Nitrogenous Fertilizers ($17.9M). During the last 5 years the exports of Bulgaria to Ukraine have increased at an annualized rate of 45.8%, from $183M in 2017 to $1.2B in 2022.

In 2017, Ukraine exported $1.48B to Bulgaria. The main products exported from Ukraine to Bulgaria were Sunflower Seeds ($432M), Semi-Finished Iron ($314M), and Seed Oils ($284M). During the last 5 years the exports of Ukraine to Bulgaria have increased at an annualized rate of 21.2%, from $469M in 2022 to $1.48B in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Ukraine (Flag)

Bulgaria Exports

Ukraine Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Ukraine
Top DestinationPoland$6.7B

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

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

In 2022, countries that imported more from Ukraine than Bulgaria included Poland ($6.7B), China ($2.6B), and Hungary ($2.28B).

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

Comparative Advantage Bulgaria - Ukraine

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Ukraine in the exports of Mineral Products ($891M), Chemical Products ($93.8M), and Machines ($58.3M).

During 2017, Ukraine had a large net trade with Bulgaria in the exports of Metals ($483M), Vegetable Products ($462M), and Animal and Vegetable Bi-Products ($293M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Ukraine+$12.5MPetroleum Gas
Top Product Potential Ukraine Bulgaria+$5.12MCorn

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

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

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