2022
Exports
$348MWorld Rnk 29 / 199
Flag Rnk 31 / 96
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations
0.14Rnk 508 / 1025
2022
Imports
$366MWorld Rnk 34 / 225
Flag Rnk 30 / 96
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $348M in Cocoa & cocoa preparations, making it the 29th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 31st most exported product in Bulgaria. The main destination of Cocoa & cocoa preparations exports from Bulgaria are: Turkey ($88.2M), Germany ($31M), Poland ($24.5M), Russia ($20.3M), and Romania ($20M).

The fastest growing export markets for Cocoa & cocoa preparations of Bulgaria between 2021 and 2022 were Turkey ($30.7M), Lebanon ($4.75M), and United Kingdom ($4.68M).

Imports In 2022, Bulgaria imported $366M in Cocoa & cocoa preparations, becoming the 34th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 30th most imported product in Bulgaria. Bulgaria imports Cocoa & cocoa preparations primarily from: Germany ($78.8M), Romania ($52.2M), Netherlands ($42.9M), Cote d'Ivoire ($39.8M), and Poland ($33.3M).

The fastest growing import markets in Cocoa & cocoa preparations for Bulgaria between 2021 and 2022 were Romania ($9.18M), Slovenia ($4.92M), and Poland ($4.71M).

Latest Trends

Sep 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 Cocoa & cocoa preparations. 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)$348M
IMPORTS (2022)$366M
NET TRADE (2022)-$18.5M

In 2022, Bulgaria exported $348M in Cocoa & cocoa preparations. The main destinations of Bulgaria exports on Cocoa & cocoa preparations were Turkey ($88.2M), Germany ($31M), Poland ($24.5M), Russia ($20.3M), and Romania ($20M).

In 2022, Bulgaria imported $366M in Cocoa & cocoa preparations, mainly from Germany ($78.8M), Romania ($52.2M), Netherlands ($42.9M), Cote d'Ivoire ($39.8M), and Poland ($33.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Turkey$30.7M (53.4%)
Lebanon$4.75M (383%)
United Kingdom$4.68M (40.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Bulgaria WERE (2021 - 2022):
Belarus-$3.16M (-95.1%)
Hungary-$2.43M (-35%)
Romania-$2.43M (-10.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Cocoa & cocoa preparations were:
In 2022, Bulgaria's main importing competitors in Cocoa & cocoa preparations were:

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $10.5M
TOP IMPORT POTENTIALTurkey+ $6.98M

Cocoa & cocoa preparations’s highest export potential is Germany. With an export gap of $10.5M.   Cocoa & cocoa preparations’s highest import potential is Turkey with an import gap of $6.98M.

See methodology.

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