Bulgaria (BGR) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Bulgaria-Ukraine Trade: In 2023, Bulgaria exported $928M to Ukraine. The main products that Bulgaria exported to Ukraine were Refined Petroleum ($392M), Mixed Mineral or Chemical Fertilizers ($134M), and Nitrogenous Fertilizers ($40M). Over the past 5 years the exports of Bulgaria to Ukraine have increased at an annualized rate of 30%, from $249M in 2018 to $928M in 2023.

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

Ukraine-Bulgaria Trade: In 2023, Ukraine exported $1.08B to Bulgaria. The main products that Ukraine exported to Bulgaria were Semi-Finished Iron ($266M), Seed Oils ($188M), and Hot-Rolled Iron ($129M). Over the past 5 years the exports of Ukraine to Bulgaria have increased at an annualized rate of 14.1%, from $559M in 2018 to $1.08B in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $928M to Ukraine. The main products exported from Bulgaria to Ukraine were Refined Petroleum ($392M), Mixed Mineral or Chemical Fertilizers ($134M), and Nitrogenous Fertilizers ($40M). During the last 5 years the exports of Bulgaria to Ukraine have increased at an annualized rate of 30%, from $249M in 2018 to $928M in 2023.

In 2018, Ukraine exported $1.08B to Bulgaria. The main products exported from Ukraine to Bulgaria were Semi-Finished Iron ($266M), Seed Oils ($188M), and Hot-Rolled Iron ($129M). During the last 5 years the exports of Ukraine to Bulgaria have increased at an annualized rate of 14.1%, from $559M in 2023 to $1.08B in 2018.

Exports from Bulgaria () to Ukraine () (2023)

Exports from Ukraine () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Ukraine ()

Bulgaria Exports

Date

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Ukraine
Top DestinationPoland$4.83B

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 2023, countries that imported more from Bulgaria than Ukraine included Germany ($6.84B), Greece ($3.04B), and Italy ($4.06B).

In 2023, countries that imported more from Ukraine than Bulgaria included Poland ($4.83B), Spain ($2.46B), and Moldova ($1.13B).

Difference in imports from Ukraine () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Ukraine in the exports of Mineral Products ($398M), Chemical Products ($275M), and Machines ($70.9M).

During 2018, Ukraine had a large net trade with Bulgaria in the exports of Metals ($454M), Animal and Vegetable Bi-Products ($197M), and Vegetable Products ($135M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Ukraine () (2023)

Exports from Ukraine () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Ukraine ()

Bulgaria Exports

Ukraine Exports

Market Competitiveness

Difference in imports from Ukraine () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Ukraine () (2023)

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