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2022
Flag → Flag
Exports $266MRnk 47 / 210
2022
Flag → Flag
Top Product $52.8MPackaged Medicaments
2022
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Exports $115MRnk 54 / 206
2022
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Top Product $35.1MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Ireland-Bulgaria Trade: In 2022, Ireland exported $266M to Bulgaria. The main products that Ireland exported to Bulgaria were Packaged Medicaments ($52.8M), Planes, Helicopters, and/or Spacecraft ($30.2M), and Scented Mixtures ($27.2M). Over the past 5 years the exports of Ireland to Bulgaria have increased at an annualized rate of 15.2%, from $131M in 2017 to $266M in 2022.

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 2022, Bulgaria exported $115M to Ireland. The main products that Bulgaria exported to Ireland were Refined Petroleum ($35.1M), Packaged Medicaments ($12.8M), and Light Fixtures ($6.88M). Over the past 5 years the exports of Bulgaria to Ireland have increased at an annualized rate of 12.5%,  from $64M in 2017 to $115M in 2022.

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 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €13.7M and imported €9.88M from Bulgaria, resulting in a positive trade balance of €3.84M. Between August 2023 and August 2024 the exports of Ireland have decreased by €-1.06M (-7.15%) from €14.8M to €13.7M, while imports increased by €4.59M (87%) from €5.28M to €9.88M.

Trade In August 2024, the top exports of Ireland to Bulgaria were Essential oils, perfume materials, toilet preparations... (€2.21M), Medicinal and pharmaceutical products (€1.68M), Chemical materials and products, n.e.s. (€1.68M), Office machines and automatic data processing... (€1.51M), and Beverages (€1.25M). In August 2024 the top imports of Ireland from Bulgaria were Miscellaneous manufactured articles, n.e.s. (€1.27M), Unclassified estimates (€1.12M), Machinery specialised for particular industries (€729k), Articles of apparel and clothing accessories (€569k), and Textile yarn, fabrics, made-up articles and... (€375k).

Growth In August 2024, the decrease in Ireland's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Medicinal and pharmaceutical products (€-1.97M or -54%), Chemical materials and products, n.e.s. (€-380k or -18.4%), and Textile yarn, fabrics, made-up articles and... (€-25k or -47.2%). In August 2024, the increase in Ireland's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Miscellaneous manufactured articles, n.e.s. (€957k or 306%), Unclassified estimates (€848k or 315%), and Machinery specialised for particular industries (€422k or 137%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-1.06M(-7.15%)
IMPORT GROWTH (August 2023 - August 2024)€4.59M(87%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Bulgaria and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $266M to Bulgaria. The main products exported from Ireland to Bulgaria were Packaged Medicaments ($52.8M), Planes, Helicopters, and/or Spacecraft ($30.2M), and Scented Mixtures ($27.2M). During the last 5 years the exports of Ireland to Bulgaria have increased at an annualized rate of 15.2%, from $131M in 2017 to $266M in 2022.

In 2017, Bulgaria exported $115M to Ireland. The main products exported from Bulgaria to Ireland were Refined Petroleum ($35.1M), Packaged Medicaments ($12.8M), and Light Fixtures ($6.88M). During the last 5 years the exports of Bulgaria to Ireland have increased at an annualized rate of 12.5%, from $64M in 2022 to $115M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Bulgaria
Top DestinationGermany$6.91B

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 2022, countries that imported more from Ireland than Bulgaria included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

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 2022, Ireland had a large net trade with Bulgaria in the exports of Chemical Products ($140M), Foodstuffs ($34.8M), and Transportation ($30.5M).

During 2017, Bulgaria had a large net trade with Ireland in the exports of Mineral Products ($35.1M), Machines ($21.9M), and Chemical Products ($18.1M).

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) (2022)

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