2023
Flag  
GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 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 
$64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC
$15,886CURRENT US$
Rnk 72 / 196
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195

About

Netherlands-Bulgaria Trade: In 2023, Netherlands exported $2.05B to Bulgaria. The main products that Netherlands exported to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($236M), Broadcasting Equipment ($125M), and Packaged Medicaments ($118M). Over the past 5 years the exports of Netherlands to Bulgaria have increased at an annualized rate of 9.34%, from $1.31B in 2018 to $2.05B in 2023.

In 2020, Netherlands exported services to Bulgaria worth $300M, with Travel ($108M), Other business services ($67M), and Transportation ($64.6M) being the largest in terms of value.

Bulgaria-Netherlands Trade: In 2023, Bulgaria exported $1.08B to Netherlands. The main products that Bulgaria exported to Netherlands were Sunflower Seeds ($153M), Industrial Fatty Acids, Oils and Alcohols ($75M), and Packaged Medicaments ($50.7M). Over the past 5 years the exports of Bulgaria to Netherlands have increased at an annualized rate of 3.9%,  from $888M in 2018 to $1.08B in 2023.

In 2020, Bulgaria exported services to Netherlands worth $259M, with Other business services ($84.2M), Computer and information services ($79.3M), and Travel ($42.6M) being the largest in terms of value.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). 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, Netherlands exported $2.05B to Bulgaria. The main products exported from Netherlands to Bulgaria were Industrial Fatty Acids, Oils and Alcohols ($236M), Broadcasting Equipment ($125M), and Packaged Medicaments ($118M). During the last 5 years the exports of Netherlands to Bulgaria have increased at an annualized rate of 9.34%, from $1.31B in 2018 to $2.05B in 2023.

In 2018, Bulgaria exported $1.08B to Netherlands. The main products exported from Bulgaria to Netherlands were Sunflower Seeds ($153M), Industrial Fatty Acids, Oils and Alcohols ($75M), and Packaged Medicaments ($50.7M). During the last 5 years the exports of Bulgaria to Netherlands have increased at an annualized rate of 3.9%, from $888M in 2023 to $1.08B in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$96.9B
Bulgaria
Top Destination
Germany$6.84B

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

In 2023, countries that imported more from Netherlands than Bulgaria included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Bulgaria than Netherlands included North Macedonia ($581M), Serbia ($1.01B), and Romania ($5.63B).

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

Comparative Advantage Netherlands - Bulgaria

Flow
Scale

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

During 2023, Netherlands had a large net trade with Bulgaria in the exports of Machines ($564M), Chemical Products ($519M), and Foodstuffs ($140M).

During 2018, Bulgaria had a large net trade with Netherlands in the exports of Machines ($210M), Vegetable Products ($209M), and Chemical Products ($187M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Bulgaria+$16.2MPackaged Medicaments
Top Product Potential Bulgaria Netherlands+$90.8MRefined 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, Netherlands exported services to Bulgaria worth $300M, with Travel ($108M), Other business services ($67M), and Transportation ($64.6M) being the largest in terms of value.

In 2020, Bulgaria exported services to Netherlands worth $259M, with Other business services ($84.2M), Computer and information services ($79.3M), and Travel ($42.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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