2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186

About

Finland-Bulgaria Trade: In 2022, Finland exported $122M to Bulgaria. The main products that Finland exported to Bulgaria were Large Flat-Rolled Stainless Steel ($22M), Kraft Paper ($9.46M), and Kaolin Coated Paper ($9.43M). Over the past 5 years the exports of Finland to Bulgaria have increased at an annualized rate of 8.78%, from $80.3M in 2017 to $122M in 2022.

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 2022, Bulgaria exported $129M to Finland. The main products that Bulgaria exported to Finland were Insulated Wire ($15.9M), Electrical Power Accessories ($12M), and Other Engines ($9.92M). Over the past 5 years the exports of Bulgaria to Finland have increased at an annualized rate of 15%,  from $63.8M in 2017 to $129M in 2022.

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 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $122M to Bulgaria. The main products exported from Finland to Bulgaria were Large Flat-Rolled Stainless Steel ($22M), Kraft Paper ($9.46M), and Kaolin Coated Paper ($9.43M). During the last 5 years the exports of Finland to Bulgaria have increased at an annualized rate of 8.78%, from $80.3M in 2017 to $122M in 2022.

In 2017, Bulgaria exported $129M to Finland. The main products exported from Bulgaria to Finland were Insulated Wire ($15.9M), Electrical Power Accessories ($12M), and Other Engines ($9.92M). During the last 5 years the exports of Bulgaria to Finland have increased at an annualized rate of 15%, from $63.8M in 2022 to $129M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Bulgaria (Flag)

Finland Exports

Bulgaria Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Bulgaria
Top Destination
Germany$6.91B

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 2022, countries that imported more from Finland than Bulgaria included Sweden ($9.1B), United States ($9.17B), and Netherlands ($5.88B).

In 2022, countries that imported more from Bulgaria than Finland included Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

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

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 2022, Finland had a large net trade with Bulgaria in the exports of Machines ($34.5M), Metals ($26.6M), and Paper Goods ($26M).

During 2017, Bulgaria had a large net trade with Finland in the exports of Machines ($61.6M), Metals ($15.9M), and Plastics and Rubbers ($10.2M).

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) (2022)

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