2022
Exports
$268MWorld Rnk 47 / 210
Flag Rnk 40 / 1211
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$1.56BWorld Rnk 62 / 224
Flag Rnk 4 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $268M in Cars, making it the 47th largest exporter of Cars in the world. At the same year, Cars was the 40th most exported product in Bulgaria. The main destination of Cars exports from Bulgaria are: Romania ($76M), Germany ($62.8M), Greece ($21M), North Macedonia ($18.9M), and France ($16.1M).

The fastest growing export markets for Cars of Bulgaria between 2021 and 2022 were Romania ($4.21M), Turkey ($3.33M), and Georgia ($2.3M).

Imports In 2022, Bulgaria imported $1.56B in Cars, becoming the 62nd largest importer of Cars in the world. At the same year, Cars was the 4th most imported product in Bulgaria. Bulgaria imports Cars primarily from: Germany ($423M), Hungary ($136M), Turkey ($122M), France ($121M), and Austria ($116M).

The fastest growing import markets in Cars for Bulgaria between 2021 and 2022 were France ($34.4M), Austria ($25.3M), and Morocco ($17.3M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$268M
IMPORTS (2022)$1.56B
NET TRADE (2022)-$1.29B

In 2022, Bulgaria exported $268M in Cars. The main destinations of Bulgaria exports on Cars were Romania ($76M), Germany ($62.8M), Greece ($21M), North Macedonia ($18.9M), and France ($16.1M).

In 2022, Bulgaria imported $1.56B in Cars, mainly from Germany ($423M), Hungary ($136M), Turkey ($122M), France ($121M), and Austria ($116M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Romania$4.21M (5.86%)
Turkey$3.33M (205%)
Georgia$2.3M (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Bulgaria WERE (2021 - 2022):
Germany-$38.9M (-38.3%)
Italy-$13M (-56.6%)
Netherlands-$9.49M (-59.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Cars were:
In 2022, Bulgaria's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $56.4M
TOP IMPORT POTENTIALGermany+ $107M

Cars’s highest export potential is Germany. With an export gap of $56.4M.   Cars’s highest import potential is Germany with an import gap of $107M.

See methodology.

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