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2022
Flag → Flag
Exports $309MRnk 50 / 217
2022
Flag → Flag
Top Product $36.5MSoil Preparation Machinery
2022
Flag → Flag
Exports $363MRnk 29 / 206
2022
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Top Product $25.7MOther Construction Vehicles
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Sweden-Bulgaria Trade: In 2022, Sweden exported $309M to Bulgaria. The main products that Sweden exported to Bulgaria were Soil Preparation Machinery ($36.5M), Gas Turbines ($27M), and Cars ($16.7M). Over the past 5 years the exports of Sweden to Bulgaria have increased at an annualized rate of 9.31%, from $198M in 2017 to $309M in 2022.

In 2020, Sweden exported services to Bulgaria worth $52.9M, with Personal, cultural, and recreational services ($15.5M), Computer and information services ($12.6M), and Transportation ($9.37M) being the largest in terms of value.

Bulgaria-Sweden Trade: In 2022, Bulgaria exported $363M to Sweden. The main products that Bulgaria exported to Sweden were Other Construction Vehicles ($25.7M), Gas Turbines ($22.9M), and Rubber Pipes ($20.9M). Over the past 5 years the exports of Bulgaria to Sweden have increased at an annualized rate of 7.11%,  from $257M in 2017 to $363M in 2022.

In 2020, Bulgaria exported services to Sweden worth $77.6M, with Other business services ($23.8M), Transportation ($14.6M), and Communications services ($14.2M) being the largest in terms of value.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK166M and imported SEK209M from Bulgaria, resulting in a negative trade balance of SEK43.2M. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-299M (-64.3%) from SEK465M to SEK166M, while imports increased by SEK11.8M (5.98%) from SEK197M to SEK209M.

Trade In July 2024, the top exports of Sweden to Bulgaria were Soil Preparation Machinery (SEK31M), Large Flat-Rolled Stainless Steel (SEK12M), Flat Flat-Rolled Steel (SEK11.3M), Cars (SEK8.11M), and Electrical Control Boards (SEK6.9M). In July 2024 the top imports of Sweden from Bulgaria were Motorcycles and cycles (SEK25.5M), Large Construction Vehicles (SEK21.8M), Rubber Pipes (SEK20M), Packaged Medicaments (SEK14.6M), and Other Construction Vehicles (SEK13.2M).

Growth In July 2024, the decrease in Sweden's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Large Flat-Rolled Stainless Steel (SEK-5.59M or -31.8%), Heavy Synthetic Cotton Fabrics (SEK-4.29M or -97%), and Cars (SEK-3.88M or -32.4%). In July 2024, the increase in Sweden's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Packaged Medicaments (SEK14M or 2.35k%), Electrical Transformers (SEK10M or 410%), and Rubber Pipes (SEK8.33M or 71.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK-299M(-64.3%)
IMPORT GROWTH (July 2023 - July 2024)SEK11.8M(5.98%)

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $309M to Bulgaria. The main products exported from Sweden to Bulgaria were Soil Preparation Machinery ($36.5M), Gas Turbines ($27M), and Cars ($16.7M). During the last 5 years the exports of Sweden to Bulgaria have increased at an annualized rate of 9.31%, from $198M in 2017 to $309M in 2022.

In 2017, Bulgaria exported $363M to Sweden. The main products exported from Bulgaria to Sweden were Other Construction Vehicles ($25.7M), Gas Turbines ($22.9M), and Rubber Pipes ($20.9M). During the last 5 years the exports of Bulgaria to Sweden have increased at an annualized rate of 7.11%, from $257M in 2022 to $363M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Sweden than Bulgaria included Norway ($18.7B), United States ($17.8B), and Denmark ($14.6B).

In 2022, countries that imported more from Bulgaria than Sweden included Romania ($6.55B), Greece ($2.93B), and Serbia ($1.29B).

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

Comparative Advantage Sweden - Bulgaria

Flow
Scale

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

During 2022, Sweden had a large net trade with Bulgaria in the exports of Machines ($149M), Transportation ($45.4M), and Metals ($30.8M).

During 2017, Bulgaria had a large net trade with Sweden in the exports of Machines ($166M), Foodstuffs ($39.8M), and Plastics and Rubbers ($31.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Bulgaria+$15.4MCars
Top Product Potential Bulgaria Sweden+$9.83MPackaged 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, Sweden exported services to Bulgaria worth $52.9M, with Personal, cultural, and recreational services ($15.5M), Computer and information services ($12.6M), and Transportation ($9.37M) being the largest in terms of value.

In 2020, Bulgaria exported services to Sweden worth $77.6M, with Other business services ($23.8M), Transportation ($14.6M), and Communications services ($14.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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