Romania (ROU) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Romania-Bulgaria Trade: In 2023, Romania exported $4.03B to Bulgaria. The main products that Romania exported to Bulgaria were Electricity ($522M), Refined Petroleum ($241M), and Sunflower Seeds ($188M). Over the past 5 years the exports of Romania to Bulgaria have increased at an annualized rate of 9.92%, from $2.51B in 2018 to $4.03B in 2023.

In 2020, Romania exported services to Bulgaria worth $353M, with Transportation ($172M), Other business services ($71.3M), and Communications services ($28.1M) being the largest in terms of value.

Bulgaria-Romania Trade: In 2023, Bulgaria exported $5.63B to Romania. The main products that Bulgaria exported to Romania were Petroleum Gas ($1.13B), Electricity ($326M), and Industrial Fatty Acids, Oils and Alcohols ($290M). Over the past 5 years the exports of Bulgaria to Romania have increased at an annualized rate of 15.3%, from $2.77B in 2018 to $5.63B in 2023.

In 2020, Bulgaria exported services to Romania worth $288M, with Travel ($121M), Transportation ($109M), and Other business services ($26.7M) being the largest in terms of value.

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $4.03B to Bulgaria. The main products exported from Romania to Bulgaria were Electricity ($522M), Refined Petroleum ($241M), and Sunflower Seeds ($188M). During the last 5 years the exports of Romania to Bulgaria have increased at an annualized rate of 9.92%, from $2.51B in 2018 to $4.03B in 2023.

In 2018, Bulgaria exported $5.63B to Romania. The main products exported from Bulgaria to Romania were Petroleum Gas ($1.13B), Electricity ($326M), and Industrial Fatty Acids, Oils and Alcohols ($290M). During the last 5 years the exports of Bulgaria to Romania have increased at an annualized rate of 15.3%, from $2.77B in 2023 to $5.63B in 2018.

Exports from Romania () to Bulgaria () (2023)

Exports from Bulgaria () to Romania () (2023)

Latest Data

Trade between Romania () and Bulgaria ()

Romania Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Romania than Bulgaria included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Bulgaria than Romania included Greece ($3.04B), North Macedonia ($581M), and Russia ($540M).

Difference in imports from Bulgaria () and Romania () (2023)

Comparative Advantage Romania - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Bulgaria in the exports of Mineral Products ($943M), Machines ($603M), and Metals ($502M).

During 2018, Bulgaria had a large net trade with Romania in the exports of Mineral Products ($1.8B), Chemical Products ($788M), and Machines ($610M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Bulgaria+$45.3MCars

Top Product Potential Bulgaria Romania+$88.4MRefined 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

Bgr Year

Rou Year

In 2020, Romania exported services to Bulgaria worth $353M, with Transportation ($172M), Other business services ($71.3M), and Communications services ($28.1M) being the largest in terms of value.

In 2020, Bulgaria exported services to Romania worth $288M, with Travel ($121M), Transportation ($109M), and Other business services ($26.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to Bulgaria () (2020)

Services Exports from Bulgaria () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Bulgaria () (2023)

Exports from Bulgaria () to Romania () (2023)

Latest Data

Trade between Romania () and Bulgaria ()

Romania Exports

Bulgaria Exports

Market Competitiveness

Difference in imports from Bulgaria () and Romania () (2023)

Comparative Advantage Romania - Bulgaria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Romania () to Bulgaria () (2020)

Services Exports from Bulgaria () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Romania () and Bulgaria () (2023)

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