2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 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 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC
$15,886CURRENT US$
Rnk 72 / 196
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195

About

Ireland-Bulgaria Trade: In 2023, Ireland exported $222M to Bulgaria. The main products that Ireland exported to Bulgaria were Scented Mixtures ($34.5M), Packaged Medicaments ($29.3M), and Industrial Fatty Acids, Oils and Alcohols ($24.3M). Over the past 5 years the exports of Ireland to Bulgaria have increased at an annualized rate of 5.41%, from $171M in 2018 to $222M in 2023.

In 2020, Ireland exported services to Bulgaria worth $38.8M, with Other business services ($27.4M), Insurance services ($8M), and Transportation ($1.14M) being the largest in terms of value.

Bulgaria-Ireland Trade: In 2023, Bulgaria exported $186M to Ireland. The main products that Bulgaria exported to Ireland were Planes, Helicopters, and/or Spacecraft ($55.3M), Starch Residue ($18.8M), and Refined Petroleum ($12.9M). Over the past 5 years the exports of Bulgaria to Ireland have increased at an annualized rate of 8.92%,  from $121M in 2018 to $186M in 2023.

In 2020, Bulgaria exported services to Ireland worth $181M, with Other business services ($63.8M), Computer and information services ($57.3M), and Communications services ($40.3M) being the largest in terms of value.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported $222M to Bulgaria. The main products exported from Ireland to Bulgaria were Scented Mixtures ($34.5M), Packaged Medicaments ($29.3M), and Industrial Fatty Acids, Oils and Alcohols ($24.3M). During the last 5 years the exports of Ireland to Bulgaria have increased at an annualized rate of 5.41%, from $171M in 2018 to $222M in 2023.

In 2018, Bulgaria exported $186M to Ireland. The main products exported from Bulgaria to Ireland were Planes, Helicopters, and/or Spacecraft ($55.3M), Starch Residue ($18.8M), and Refined Petroleum ($12.9M). During the last 5 years the exports of Bulgaria to Ireland have increased at an annualized rate of 8.92%, from $121M in 2023 to $186M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Bulgaria
Top Destination
Germany$6.84B

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

In 2023, countries that imported more from Ireland than Bulgaria included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Bulgaria than Ireland included Romania ($5.63B), Greece ($3.04B), and Turkey ($2.73B).

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

Comparative Advantage Ireland - Bulgaria

Flow
Scale

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

During 2023, Ireland had a large net trade with Bulgaria in the exports of Chemical Products ($104M), Foodstuffs ($41.9M), and Machines ($29.2M).

During 2018, Bulgaria had a large net trade with Ireland in the exports of Transportation ($55.5M), Foodstuffs ($34.2M), and Chemical Products ($21.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Bulgaria+$27.6MPackaged Medicaments
Top Product Potential Bulgaria Ireland+$21MRefined Petroleum

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, Ireland exported services to Bulgaria worth $38.8M, with Other business services ($27.4M), Insurance services ($8M), and Transportation ($1.14M) being the largest in terms of value.

In 2020, Bulgaria exported services to Ireland worth $181M, with Other business services ($63.8M), Computer and information services ($57.3M), and Communications services ($40.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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