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2023
Flag → Flag
Exports $223MRnk 48 / 205
2023
Flag → Flag
Top Product $140MCrude Petroleum
2023
Flag → Flag
Exports $130MRnk 53 / 200
2023
Flag → Flag
Top Product $11.6MSunflower Seeds
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
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GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$15,886CURRENT US$
Rnk 72 / 196
2013-2023
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GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Norway-Bulgaria Trade: In 2023, Norway exported $223M to Bulgaria. The main products that Norway exported to Bulgaria were Crude Petroleum ($140M), Raw Aluminium ($24.7M), and Non-fillet Frozen Fish ($6.74M). Over the past 5 years the exports of Norway to Bulgaria have increased at an annualized rate of 38.9%, from $43.3M in 2018 to $223M in 2023.

In 2023, Norway did not export any services to Bulgaria.

Bulgaria-Norway Trade: In 2023, Bulgaria exported $130M to Norway. The main products that Bulgaria exported to Norway were Sunflower Seeds ($11.6M), Electrical Control Boards ($8.11M), and Packaged Medicaments ($7.85M). Over the past 5 years the exports of Bulgaria to Norway have increased at an annualized rate of 1.07%,  from $105M in 2018 to $130M in 2023.

In 2020, Bulgaria exported services to Norway worth $19.3M, with Computer and information services ($9.02M), Other business services ($4.23M), and Transportation ($2.51M) being the largest in terms of value.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK80.1M and imported NOK98.5M from Bulgaria, resulting in a negative trade balance of NOK18.4M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-2.45M (-2.97%) from NOK82.5M to NOK80.1M, while imports increased by NOK3.06M (3.21%) from NOK95.4M to NOK98.5M.

Trade In December 2024, the top exports of Norway to Bulgaria were Chemical materials and products, n.e.s. (NOK31.4M), Non-ferrous metals (NOK11.4M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK7.05M), Fish (not marine mammals), crustaceans, molluscs... (NOK5.48M), and Road vehicles (including air-cushion vehicles) (NOK4.57M). In December 2024 the top imports of Norway from Bulgaria were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK22.4M), Oil-seeds and oleaginous fruits (NOK14.7M), Articles of apparel and clothing accessories (NOK14.2M), Feeding stuff for animals (not including... (NOK12.9M), and Medicinal and pharmaceutical products (NOK9.15M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Non-ferrous metals (NOK-16.8M or -59.6%), Machinery specialized for particular industries (NOK-3.22M or -94.3%), and Fish (not marine mammals), crustaceans, molluscs... (NOK-2.44M or -30.8%). In December 2024, the increase in Norway's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Feeding stuff for animals (not including... (NOK9.98M or 346%), Oil-seeds and oleaginous fruits (NOK8.57M or 141%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK4.85M or 27.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-2.45M(-2.97%)
IMPORT GROWTH (December 2023 - December 2024)NOK3.06M(3.21%)

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $223M to Bulgaria. The main products exported from Norway to Bulgaria were Crude Petroleum ($140M), Raw Aluminium ($24.7M), and Non-fillet Frozen Fish ($6.74M). During the last 5 years the exports of Norway to Bulgaria have increased at an annualized rate of 38.9%, from $43.3M in 2018 to $223M in 2023.

In 2018, Bulgaria exported $130M to Norway. The main products exported from Bulgaria to Norway were Sunflower Seeds ($11.6M), Electrical Control Boards ($8.11M), and Packaged Medicaments ($7.85M). During the last 5 years the exports of Bulgaria to Norway have increased at an annualized rate of 1.07%, from $105M in 2023 to $130M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Norway than Bulgaria included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

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

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

Comparative Advantage Norway - Bulgaria

Flow
Scale

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

During 2023, Norway had a large net trade with Bulgaria in the exports of Mineral Products ($141M), Metals ($26.3M), and Animal Products ($16.2M).

During 2018, Bulgaria had a large net trade with Norway in the exports of Machines ($40.8M), Textiles ($20.5M), and Chemical Products ($12.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Bulgaria+$4.98MRaw Aluminium
Top Product Potential Bulgaria Norway+$5.29MPackaged Medicaments

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, Bulgaria exported services to Norway worth $19.3M, with Computer and information services ($9.02M), Other business services ($4.23M), and Transportation ($2.51M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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