2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$13,772CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
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About

Israel-Bulgaria Trade: In 2022, Israel exported $68.4M to Bulgaria. The main products that Israel exported to Bulgaria were Scrap Copper ($11.4M), Non-woven Textiles ($4.77M), and Cleaning Products ($3.37M). Over the past 5 years the exports of Israel to Bulgaria have increased at an annualized rate of 2.33%, from $61M in 2017 to $68.4M in 2022.

In 2012, Israel exported services to Bulgaria worth $89.6M, with Computer and information services ($89.6M) being the largest in terms of value.

Bulgaria-Israel Trade: In 2022, Bulgaria exported $317M to Israel. The main products that Bulgaria exported to Israel were Refined Petroleum ($72.2M), Wheat ($28.8M), and Starch Residue ($27.7M). Over the past 5 years the exports of Bulgaria to Israel have increased at an annualized rate of 19.2%,  from $132M in 2017 to $317M in 2022.

In 2009, Bulgaria exported services to Israel worth $135M, with Services not allocated ($67.5M), Travel ($57.1M), and Other business services ($2.87M) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $68.4M to Bulgaria. The main products exported from Israel to Bulgaria were Scrap Copper ($11.4M), Non-woven Textiles ($4.77M), and Cleaning Products ($3.37M). During the last 5 years the exports of Israel to Bulgaria have increased at an annualized rate of 2.33%, from $61M in 2017 to $68.4M in 2022.

In 2017, Bulgaria exported $317M to Israel. The main products exported from Bulgaria to Israel were Refined Petroleum ($72.2M), Wheat ($28.8M), and Starch Residue ($27.7M). During the last 5 years the exports of Bulgaria to Israel have increased at an annualized rate of 19.2%, from $132M in 2022 to $317M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Bulgaria (Flag)

Israel Exports

Bulgaria Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from Israel than Bulgaria included United States ($20.3B), Palestine ($4.6B), and China ($5.53B).

In 2022, countries that imported more from Bulgaria than Israel included Romania ($6.55B), Germany ($6.91B), and Italy ($3.85B).

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

Comparative Advantage Israel - Bulgaria

Flow
Scale

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

During 2022, Israel had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($15.5M), Machines ($12.8M), and Metals ($12.4M).

During 2017, Bulgaria had a large net trade with Israel in the exports of Mineral Products ($74M), Foodstuffs ($68.7M), and Vegetable Products ($54.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Bulgaria+$2.44MPesticides
Top Product Potential Bulgaria Israel+$23.1MRefined 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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Economic Complexity

Competitive Landscape

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

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

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