2022
Flag  
GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
Flag
 GDP
$89BCURRENT US$
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2012-2022
Flag
GDP GROWTH
64%CURRENT US$
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2022
Flag
GDP PC 
$20,732CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
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2022
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GDP PC
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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About

Greece-Bulgaria Trade: In 2022, Greece exported $3.62B to Bulgaria. The main products that Greece exported to Bulgaria were Petroleum Gas ($1.27B), Crude Petroleum ($187M), and Semiconductor Devices ($133M). Over the past 5 years the exports of Greece to Bulgaria have increased at an annualized rate of 19.4%, from $1.49B in 2017 to $3.62B in 2022.

In 2020, Greece exported services to Bulgaria worth $234M, with Travel ($89.4M), Other business services ($49.2M), and Transportation ($47.9M) being the largest in terms of value.

Bulgaria-Greece Trade: In 2022, Bulgaria exported $2.93B to Greece. The main products that Bulgaria exported to Greece were Petroleum Gas ($200M), Wheat ($161M), and Industrial Fatty Acids, Oils and Alcohols ($145M). Over the past 5 years the exports of Bulgaria to Greece have increased at an annualized rate of 5.18%,  from $1.86B in 2017 to $2.93B in 2022.

In 2020, Bulgaria exported services to Greece worth $257M, with Travel ($122M), Transportation ($99.3M), and Other business services ($25.6M) being the largest in terms of value.

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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, Greece exported $3.62B to Bulgaria. The main products exported from Greece to Bulgaria were Petroleum Gas ($1.27B), Crude Petroleum ($187M), and Semiconductor Devices ($133M). During the last 5 years the exports of Greece to Bulgaria have increased at an annualized rate of 19.4%, from $1.49B in 2017 to $3.62B in 2022.

In 2017, Bulgaria exported $2.93B to Greece. The main products exported from Bulgaria to Greece were Petroleum Gas ($200M), Wheat ($161M), and Industrial Fatty Acids, Oils and Alcohols ($145M). During the last 5 years the exports of Bulgaria to Greece have increased at an annualized rate of 5.18%, from $1.86B in 2022 to $2.93B in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Bulgaria (Flag)

Greece Exports

Bulgaria Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from Greece than Bulgaria included Cyprus ($2.92B), Italy ($5.82B), and Libya ($1.95B).

In 2022, countries that imported more from Bulgaria than Greece included Romania ($6.55B), Germany ($6.91B), and Ukraine ($1.2B).

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

Comparative Advantage Greece - Bulgaria

Flow
Scale

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

During 2022, Greece had a large net trade with Bulgaria in the exports of Mineral Products ($1.61B), Metals ($410M), and Machines ($282M).

During 2017, Bulgaria had a large net trade with Greece in the exports of Vegetable Products ($378M), Metals ($328M), and Mineral Products ($295M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Bulgaria+$67.5MRefined Petroleum
Top Product Potential Bulgaria Greece+$72.6MPetroleum 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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Bilateral Service Trade

In 2020, Greece exported services to Bulgaria worth $234M, with Travel ($89.4M), Other business services ($49.2M), and Transportation ($47.9M) being the largest in terms of value.

In 2020, Bulgaria exported services to Greece worth $257M, with Travel ($122M), Transportation ($99.3M), and Other business services ($25.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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