United States (USA) and Bulgaria (BGR) Trade

2022

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Exports $846MRnk 88 / 219

2022

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About

United States-Bulgaria Trade: In 2022, United States exported $846M to Bulgaria. The main products that United States exported to Bulgaria were Petroleum Gas ($371M), Petroleum Coke ($52.6M), and Planes, Helicopters, and/or Spacecraft ($38.8M). Over the past 5 years the exports of United States to Bulgaria have increased at an annualized rate of 19.7%, from $345M in 2017 to $846M in 2022.

In 2017, United States exported services to Bulgaria worth $390M, with Travel ($130M), Transportation ($89M), and Other business services ($63M) being the largest in terms of value.

Bulgaria-United States Trade: In 2022, Bulgaria exported $1.3B to United States. The main products that Bulgaria exported to United States were Medical Instruments ($121M), Sunflower Seeds ($68M), and Copper Plating ($45.7M). Over the past 5 years the exports of Bulgaria to United States have increased at an annualized rate of 18.7%, from $552M in 2017 to $1.3B in 2022.

In 2020, Bulgaria exported services to United States worth $536M, with Computer and information services ($304M), Other business services ($132M), and Communications services ($28.3M) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Company data: In 2023, leading companies such as Robert Bosch (13) and Volkswagen (1) were at the forefront of exporting goods from Bulgaria to the United States. Conversely, Other (14) were notable for importing products to Bulgaria from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $55.8M and imported $124M from Bulgaria, resulting in a negative trade balance of $68.6M. Between August 2023 and August 2024 the exports of United States have increased by $22.4M (67.1%) from $33.4M to $55.8M, while imports decreased by $-5.97M (-4.58%) from $130M to $124M.

Trade In August 2024, the top exports of United States to Bulgaria were Petroleum Coke ($9.52M), Integrated Circuits ($3.84M), Aircraft Parts ($2.03M), Gas Turbines ($1.85M), and Tractors ($1.73M). In August 2024 the top imports of United States from Bulgaria were Coin ($9.97M), Medical Instruments ($8.72M), Copper Plating ($4.95M), Sunflower Seeds ($4.44M), and Aluminium Foil ($3.95M).

Origins In August 2024 the exports of United States were mainly from Texas ($20M), Virginia ($7.76M), Mississippi ($3.94M), California ($3.84M), and Florida ($3.41M), while imports destinations were mainly Pennsylvania ($13.5M), Missouri ($8.75M), California ($8.28M), New Jersey ($8.26M), and New York ($7.92M).

Growth In August 2024, the increase in United States's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Integrated Circuits ($1.92M or 99.9%), Aircraft Parts ($1.33M or 188%), and Commodities not elsewhere specified ($702k or 129%). In August 2024, the decrease in United States's year-by-year imports from Bulgaria was explained primarily by an decrease in product imports in Sunflower Seeds ($-2.58M or -36.7%), Raw Tobacco ($-1.52M or -49.4%), and Mattresses ($-1.13M or -64.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$22.4M(67.1%)

IMPORT GROWTH (August 2023 - August 2024)$-5.97M(-4.58%)

MAIN EXPORTER (August 2024)Texas$20M

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

To check Bulgaria and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $846M to Bulgaria. The main products exported from United States to Bulgaria were Petroleum Gas ($371M), Petroleum Coke ($52.6M), and Planes, Helicopters, and/or Spacecraft ($38.8M). During the last 5 years the exports of United States to Bulgaria have increased at an annualized rate of 19.7%, from $345M in 2017 to $846M in 2022.

In 2017, Bulgaria exported $1.3B to United States. The main products exported from Bulgaria to United States were Medical Instruments ($121M), Sunflower Seeds ($68M), and Copper Plating ($45.7M). During the last 5 years the exports of Bulgaria to United States have increased at an annualized rate of 18.7%, from $552M in 2022 to $1.3B in 2017.

Exports from United States () to Bulgaria () (2022)

Exports from Bulgaria () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from United States than Bulgaria included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Bulgaria than United States included Romania ($6.55B), Serbia ($1.29B), and North Macedonia ($780M).

Difference in imports from Bulgaria () and United States () (2022)

Comparative Advantage United States - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Bulgaria in the exports of Mineral Products ($457M), Machines ($146M), and Transportation ($90.2M).

During 2017, Bulgaria had a large net trade with United States in the exports of Machines ($331M), Instruments ($196M), and Chemical Products ($191M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Bulgaria+$84MPetroleum Gas

Top Product Potential Bulgaria United States+$75.2MRefined 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

Usa Year

In 2017, United States exported services to Bulgaria worth $390M, with Travel ($130M), Transportation ($89M), and Other business services ($63M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Bulgaria () (2017)

Services Exports from Bulgaria () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Bulgaria () (2022)

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