Italy / Bulgaria

Italy-Bulgaria Trade: In 2023, Italy exported $3.15B to Bulgaria. The main products that Italy exported to Bulgaria were Silver ($155M), Cars ($87.2M), and Packaged Medicaments ($83.4M). Over the past 5 years the exports of Italy to Bulgaria have increased at an annualized rate of 4.17%, from $2.57B in 2018 to $3.15B in 2023.

In 2020, Italy exported services to Bulgaria worth $221M, with Transportation ($67.3M), Travel ($53.1M), and Other business services ($47.1M) being the largest in terms of value.

Bulgaria-Italy Trade: In 2023, Bulgaria exported $4.06B to Italy. The main products that Bulgaria exported to Italy were Refined Copper ($969M), Industrial Fatty Acids, Oils and Alcohols ($232M), and Glass Bottles ($150M). Over the past 5 years the exports of Bulgaria to Italy have increased at an annualized rate of 6.98%,  from $2.9B in 2018 to $4.06B in 2023.

In 2020, Bulgaria exported services to Italy worth $189M, with Transportation ($99.4M), Travel ($41.7M), and Other business services ($28.6M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).