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2022
Flag → Flag
Exports $3.34BRnk 85 / 211
2022
Flag → Flag
Top Product $229MSemiconductor Devices
2022
Flag → Flag
Exports $942MRnk 17 / 206
2022
Flag → Flag
Top Product $180MOther Vegetable Residues
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 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

About

China-Bulgaria Trade: In 2022, China exported $3.34B to Bulgaria. The main products that China exported to Bulgaria were Semiconductor Devices ($229M), Bi-Wheel Vehicle Parts ($170M), and Air Conditioners ($112M). Over the past 5 years the exports of China to Bulgaria have increased at an annualized rate of 21%, from $1.29B in 2017 to $3.34B in 2022.

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

Bulgaria-China Trade: In 2022, Bulgaria exported $942M to China. The main products that Bulgaria exported to China were Other Vegetable Residues ($180M), Copper Ore ($165M), and Refined Copper ($141M). Over the past 5 years the exports of Bulgaria to China have increased at an annualized rate of 0.53%,  from $917M in 2017 to $942M in 2022.

In 2020, Bulgaria exported services to China worth $18M, with Communications services ($6.17M), Transportation ($4.45M), and Computer and information services ($3.43M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

October, 2024

About

Overview In October 2024, China exported $257M and imported $82.3M from Bulgaria, resulting in a positive trade balance of $175M. Between October 2023 and October 2024 the exports of China have increased by $72.8M (39.5%) from $184M to $257M, while imports decreased by $-5.92M (-6.72%) from $88.2M to $82.3M.

Trade In October 2024, the top exports of China to Bulgaria were Semiconductor Devices ($25.6M), Air Conditioners ($10.3M), Biodiesel and mixtures thereof ($8.74M), Synthetic Filament Yarn Woven Fabric ($8.42M), and Iron Pipes ($7.32M). In October 2024 the top imports of China from Bulgaria were Other Vegetable Residues ($36.5M), Precious Metal Ore ($30.1M), Refined Copper ($29.9M), Sunflower Seeds ($5.17M), and Electrical Control Boards ($5.15M).

Origins In October 2024 the exports of China were mainly from Zhejiang Province ($69.3M), Guangdong Province ($43.4M), Jiangsu Province ($26.8M), Shandong Province ($23.8M), and Shanghai Province ($21.1M), while imports destinations were mainly Henan Province ($26.2M), Shanghai Province ($11.8M), Beijing ($6.86M), Liaoning Province ($5.65M), and Jiangsu Province ($5.16M).

Growth In October 2024, the increase in China's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Semiconductor Devices ($10.9M or 74.1%), Iron Pipes ($7.26M or 12.3k%), and Polyacetals ($6.48M or 12.3k%). In October 2024, the decrease in China's year-by-year imports  from Bulgaria was explained primarily by an decrease in product imports  in Refined Copper ($-11.2M or -27.2%), Semiconductor Devices ($-2.91M or -100%), and Hydrometers ($-2.56M or -65%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$72.8M(39.5%)
IMPORT GROWTH (October 2023 - October 2024)$-5.92M(-6.72%)
MAIN EXPORTER (October 2024)Zhejiang Province$69.3M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Bulgaria and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $3.34B to Bulgaria. The main products exported from China to Bulgaria were Semiconductor Devices ($229M), Bi-Wheel Vehicle Parts ($170M), and Air Conditioners ($112M). During the last 5 years the exports of China to Bulgaria have increased at an annualized rate of 21%, from $1.29B in 2017 to $3.34B in 2022.

In 2017, Bulgaria exported $942M to China. The main products exported from Bulgaria to China were Other Vegetable Residues ($180M), Copper Ore ($165M), and Refined Copper ($141M). During the last 5 years the exports of Bulgaria to China have increased at an annualized rate of 0.53%, from $917M in 2022 to $942M in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from China than Bulgaria included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Bulgaria than China included Gibraltar ($552M), Saint Martin ($1.91M), and Bonaire ($37.2k).

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

Comparative Advantage China - Bulgaria

Flow
Scale

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

During 2022, China had a large net trade with Bulgaria in the exports of Machines ($1.4B), Miscellaneous ($333M), and Textiles ($253M).

During 2017, Bulgaria had a large net trade with China in the exports of Mineral Products ($231M), Foodstuffs ($185M), and Metals ($176M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Bulgaria+$77.3MTelephones
Top Product Potential Bulgaria China+$130MRefined Copper

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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Bilateral Service Trade

In 2020, Bulgaria exported services to China worth $18M, with Communications services ($6.17M), Transportation ($4.45M), and Computer and information services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to China (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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