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2023
Flag → Flag
Exports $1.51BRnk 10 / 200
2023
Flag → Flag
Top Product $131MCoin
2023
Flag → Flag
Exports $570MRnk 101 / 220
2023
Flag → Flag
Top Product $109MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Bulgaria-United States Trade: In 2023, Bulgaria exported $1.51B to United States. The main products that Bulgaria exported to United States were Coin ($131M), Medical Instruments ($98M), and Refined Petroleum ($92.1M). Over the past 5 years the exports of Bulgaria to United States have increased at an annualized rate of 9.7%, from $949M in 2018 to $1.51B in 2023.

In 2020, Bulgaria exported services to United States worth $536M, with Computer and information services ($304M), Other business services ($132M), and Communications services ($28.3M) being the largest in terms of value.

United States-Bulgaria Trade: In 2023, United States exported $570M to Bulgaria. The main products that United States exported to Bulgaria were Petroleum Gas ($109M), Planes, Helicopters, and/or Spacecraft ($46.3M), and Aircraft parts (gliders, balloons, and powered aircraft) ($31.6M). Over the past 5 years the exports of United States to Bulgaria have increased at an annualized rate of 9.95%,  from $355M in 2018 to $570M in 2023.

In 2017, United States exported services to Bulgaria worth $390M, with Travel ($130M), Transportation ($89M), and Other business services ($63M) being the largest in terms of value.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $1.51B to United States. The main products exported from Bulgaria to United States were Coin ($131M), Medical Instruments ($98M), and Refined Petroleum ($92.1M). During the last 5 years the exports of Bulgaria to United States have increased at an annualized rate of 9.7%, from $949M in 2018 to $1.51B in 2023.

In 2018, United States exported $570M to Bulgaria. The main products exported from United States to Bulgaria were Petroleum Gas ($109M), Planes, Helicopters, and/or Spacecraft ($46.3M), and Aircraft parts (gliders, balloons, and powered aircraft) ($31.6M). During the last 5 years the exports of United States to Bulgaria have increased at an annualized rate of 9.95%, from $355M in 2023 to $570M in 2018.

Exports from Bulgaria (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and United States (Flag)

Bulgaria Exports

United States Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.84B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Bulgaria than United States included Romania ($5.63B), Greece ($3.04B), and Serbia ($1.01B).

In 2023, countries that imported more from United States than Bulgaria included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - United States

Flow
Scale

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

During 2023, Bulgaria had a large net trade with United States in the exports of Machines ($350M), Instruments ($188M), and Precious Metals ($168M).

During 2018, United States had a large net trade with Bulgaria in the exports of Machines ($177M), Mineral Products ($141M), and Transportation ($97.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria United States+$75.2MRefined Petroleum
Top Product Potential United States Bulgaria+$84MPetroleum Gas

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

Product Space of Bulgaria (Flag) and United States (Flag) (2023)

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