2023
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GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
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2023
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 GDP
$102BCURRENT US$
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2013-2023
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GDP GROWTH
83.4%CURRENT US$
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2023
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GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC
$15,886CURRENT US$
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2013-2023
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GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195

About

Finland-Bulgaria Trade: In 2023, Finland exported $147M to Bulgaria. The main products that Finland exported to Bulgaria were Large Flat-Rolled Stainless Steel ($19.2M), Electrical Power Accessories ($10.9M), and Broadcasting Equipment ($9.87M). Over the past 5 years the exports of Finland to Bulgaria have increased at an annualized rate of 6.73%, from $106M in 2018 to $147M in 2023.

In 2020, Finland exported services to Bulgaria worth $26.3M, with Computer and information services ($14.8M), Other business services ($4.57M), and Financial services ($2.28M) being the largest in terms of value.

Bulgaria-Finland Trade: In 2023, Bulgaria exported $128M to Finland. The main products that Bulgaria exported to Finland were Insulated Wire ($16.6M), Electrical Power Accessories ($12.4M), and Other Engines ($9.91M). Over the past 5 years the exports of Bulgaria to Finland have increased at an annualized rate of 8.13%,  from $86.5M in 2018 to $128M in 2023.

In 2020, Bulgaria exported services to Finland worth $55.9M, with Other business services ($19.9M), Communications services ($15.8M), and Computer and information services ($10.5M) being the largest in terms of value.

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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, Finland exported $147M to Bulgaria. The main products exported from Finland to Bulgaria were Large Flat-Rolled Stainless Steel ($19.2M), Electrical Power Accessories ($10.9M), and Broadcasting Equipment ($9.87M). During the last 5 years the exports of Finland to Bulgaria have increased at an annualized rate of 6.73%, from $106M in 2018 to $147M in 2023.

In 2018, Bulgaria exported $128M to Finland. The main products exported from Bulgaria to Finland were Insulated Wire ($16.6M), Electrical Power Accessories ($12.4M), and Other Engines ($9.91M). During the last 5 years the exports of Bulgaria to Finland have increased at an annualized rate of 8.13%, from $86.5M in 2023 to $128M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Bulgaria (Flag)

Finland Exports

Bulgaria Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Bulgaria
Top Destination
Germany$6.84B

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

In 2023, countries that imported more from Finland than Bulgaria included United States ($9.68B), Sweden ($8.13B), and Netherlands ($5.51B).

In 2023, countries that imported more from Bulgaria than Finland included Romania ($5.63B), Greece ($3.04B), and Italy ($4.06B).

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

Comparative Advantage Finland - Bulgaria

Flow
Scale

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

During 2023, Finland had a large net trade with Bulgaria in the exports of Machines ($69M), Metals ($23.5M), and Paper Goods ($23.5M).

During 2018, Bulgaria had a large net trade with Finland in the exports of Machines ($63.7M), Metals ($13.5M), and Chemical Products ($7.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Bulgaria+$2.85MTelephones
Top Product Potential Bulgaria Finland+$2.91MPackaged 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, Finland exported services to Bulgaria worth $26.3M, with Computer and information services ($14.8M), Other business services ($4.57M), and Financial services ($2.28M) being the largest in terms of value.

In 2020, Bulgaria exported services to Finland worth $55.9M, with Other business services ($19.9M), Communications services ($15.8M), and Computer and information services ($10.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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