2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$15,886CURRENT US$
Rnk 72 / 196
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195

About

Germany-Bulgaria Trade: In 2023, Germany exported $6.08B to Bulgaria. The main products that Germany exported to Bulgaria were Cars ($455M), Packaged Medicaments ($343M), and Motor vehicles; parts and accessories (8701 to 8705) ($146M). Over the past 5 years the exports of Germany to Bulgaria have increased at an annualized rate of 6.74%, from $4.39B in 2018 to $6.08B in 2023.

In 2020, Germany exported services to Bulgaria worth $386M, with Transportation ($179M), Other business services ($122M), and Computer and information services ($59.4M) being the largest in terms of value.

Bulgaria-Germany Trade: In 2023, Bulgaria exported $6.84B to Germany. The main products that Bulgaria exported to Germany were Precious Metal Ore ($785M), Precious Metal Scraps ($618M), and Motorcycles and cycles ($262M). Over the past 5 years the exports of Bulgaria to Germany have increased at an annualized rate of 5.67%,  from $5.2B in 2018 to $6.84B in 2023.

In 2020, Bulgaria exported services to Germany worth $995M, with Computer and information services ($343M), Transportation ($282M), and Travel ($174M) being the largest in terms of value.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $6.08B to Bulgaria. The main products exported from Germany to Bulgaria were Cars ($455M), Packaged Medicaments ($343M), and Motor vehicles; parts and accessories (8701 to 8705) ($146M). During the last 5 years the exports of Germany to Bulgaria have increased at an annualized rate of 6.74%, from $4.39B in 2018 to $6.08B in 2023.

In 2018, Bulgaria exported $6.84B to Germany. The main products exported from Bulgaria to Germany were Precious Metal Ore ($785M), Precious Metal Scraps ($618M), and Motorcycles and cycles ($262M). During the last 5 years the exports of Bulgaria to Germany have increased at an annualized rate of 5.67%, from $5.2B in 2023 to $6.84B in 2018.

Exports from Germany (Flag) to Bulgaria (Flag) (2023)

Exports from Bulgaria (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Bulgaria
Top Destination
Germany$6.84B

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

In 2023, countries that imported more from Germany than Bulgaria included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Bulgaria than Germany included Gibraltar ($186M), Sao Tome and Principe ($1.36M), and Anguilla ($68.4k).

Difference in imports from Bulgaria (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Bulgaria

Flow
Scale

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

During 2023, Germany had a large net trade with Bulgaria in the exports of Machines ($1.95B), Transportation ($999M), and Chemical Products ($726M).

During 2018, Bulgaria had a large net trade with Germany in the exports of Machines ($2.05B), Mineral Products ($803M), and Metals ($722M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Bulgaria+$107MCars
Top Product Potential Bulgaria Germany+$69.1MPackaged Medicaments

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, Germany exported services to Bulgaria worth $386M, with Transportation ($179M), Other business services ($122M), and Computer and information services ($59.4M) being the largest in terms of value.

In 2020, Bulgaria exported services to Germany worth $995M, with Computer and information services ($343M), Transportation ($282M), and Travel ($174M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Germany (Flag) and Bulgaria (Flag) (2023)

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