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2023
Flag → Flag
Exports $437MRnk 47 / 216
2023
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Top Product $64.8MGas Turbines
2023
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Exports $364MRnk 26 / 200
2023
Flag → Flag
Top Product $23.8MRubber Pipes
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
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GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 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 $55,517CURRENT US$
Rnk 19 / 195
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 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

Sweden-Bulgaria Trade: In 2023, Sweden exported $437M to Bulgaria. The main products that Sweden exported to Bulgaria were Gas Turbines ($64.8M), Packaged Medicaments ($44.7M), and Soil Preparation Machinery ($32.3M). Over the past 5 years the exports of Sweden to Bulgaria have increased at an annualized rate of 12.4%, from $244M in 2018 to $437M in 2023.

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 2023, Bulgaria exported $364M to Sweden. The main products that Bulgaria exported to Sweden were Rubber Pipes ($23.8M), Broadcasting Accessories ($21.5M), and Other Construction Vehicles ($21.3M). Over the past 5 years the exports of Bulgaria to Sweden have increased at an annualized rate of 5.2%,  from $256M in 2018 to $364M in 2023.

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 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Sweden exported SEK212M and imported SEK282M from Bulgaria, resulting in a negative trade balance of SEK70.1M. Between November 2023 and November 2024 the exports of Sweden have decreased by SEK-42.3M (-16.6%) from SEK255M to SEK212M, while imports increased by SEK31.6M (12.6%) from SEK251M to SEK282M.

Trade In November 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 November 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 November 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 November 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 (November 2023 - November 2024)SEK-42.3M(-16.6%)
IMPORT GROWTH (November 2023 - November 2024)SEK31.6M(12.6%)

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 2023, Sweden exported $437M to Bulgaria. The main products exported from Sweden to Bulgaria were Gas Turbines ($64.8M), Packaged Medicaments ($44.7M), and Soil Preparation Machinery ($32.3M). During the last 5 years the exports of Sweden to Bulgaria have increased at an annualized rate of 12.4%, from $244M in 2018 to $437M in 2023.

In 2018, Bulgaria exported $364M to Sweden. The main products exported from Bulgaria to Sweden were Rubber Pipes ($23.8M), Broadcasting Accessories ($21.5M), and Other Construction Vehicles ($21.3M). During the last 5 years the exports of Bulgaria to Sweden have increased at an annualized rate of 5.2%, from $256M in 2023 to $364M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Bulgaria
Top DestinationGermany$6.84B

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 2023, countries that imported more from Sweden than Bulgaria included United States ($18.1B), Denmark ($14.4B), and Germany ($18.4B).

In 2023, countries that imported more from Bulgaria than Sweden included Romania ($5.63B), Greece ($3.04B), and Serbia ($1.01B).

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

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 2023, Sweden had a large net trade with Bulgaria in the exports of Machines ($208M), Transportation ($57.8M), and Chemical Products ($53.8M).

During 2018, Bulgaria had a large net trade with Sweden in the exports of Machines ($173M), Foodstuffs ($40.8M), and Plastics and Rubbers ($35.4M).

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) (2023)

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