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2022
Flag → Flag
Exports $4.88BRnk 14 / 219
2022
Flag → Flag
Top Product $305MCopper Ore
2022
Flag → Flag
Exports $2.95BRnk 4 / 206
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 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

Turkey-Bulgaria Trade: In 2022, Turkey exported $4.88B to Bulgaria. The main products that Turkey exported to Bulgaria were Copper Ore ($305M), Petroleum Gas ($299M), and Copper Wire ($190M). Over the past 5 years the exports of Turkey to Bulgaria have increased at an annualized rate of 12.5%, from $2.71B in 2017 to $4.88B in 2022.

In 2009, Turkey exported services to Bulgaria worth $530M, with Travel ($526M), Other business services ($3.1M), and Insurance services ($1.03M) being the largest in terms of value.

Bulgaria-Turkey Trade: In 2022, Bulgaria exported $2.95B to Turkey. The main products that Bulgaria exported to Turkey were N/A. Over the past 5 years the exports of Bulgaria to Turkey have increased at an annualized rate of 0.45%,  from $2.89B in 2017 to $2.95B in 2022.

In 2020, Bulgaria exported services to Turkey worth $323M, with Travel ($246M), Transportation ($56.8M), and Communications services ($9.02M) being the largest in terms of value.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turkey exported $4.88B to Bulgaria. The main products exported from Turkey to Bulgaria were Copper Ore ($305M), Petroleum Gas ($299M), and Copper Wire ($190M). During the last 5 years the exports of Turkey to Bulgaria have increased at an annualized rate of 12.5%, from $2.71B in 2017 to $4.88B in 2022.

In 2017, Bulgaria exported $2.95B to Turkey. There were not main exports from Bulgaria to Turkey in 2017. During the last 5 years the exports of Bulgaria to Turkey have increased at an annualized rate of 0.45%, from $2.89B in 2022 to $2.95B in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Bulgaria (Flag)

Turkey Exports

Bulgaria Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Turkey than Bulgaria included United States ($17.1B), Germany ($21.9B), and Iraq ($13.7B).

In 2022, countries that imported more from Bulgaria than Turkey included Gibraltar ($552M), Namibia ($203M), and North Macedonia ($780M).

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

Comparative Advantage Turkey - Bulgaria

Flow
Scale

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

During 2022, Turkey had a large net trade with Bulgaria in the exports of Metals ($1.28B), Mineral Products ($957M), and Machines ($566M).

During 2017, Bulgaria had a large net trade with Turkey in the exports of Metals ($1.07B), Mineral Products ($480M), and Machines ($358M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Bulgaria+$56.2MCars
Top Product Potential Bulgaria Turkey+N/AN/A

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

Tur Year

In 2009, Turkey exported services to Bulgaria worth $530M, with Travel ($526M), Other business services ($3.1M), and Insurance services ($1.03M) being the largest in terms of value.

In 2020, Bulgaria exported services to Turkey worth $323M, with Travel ($246M), Transportation ($56.8M), and Communications services ($9.02M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey (Flag) to Bulgaria (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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