2022
Exports
$54.7MWorld Rnk 14 / 105
Flag Rnk 175 / 1211
2022
PRODUCT COMPLEXITY IN Cocoa Paste
-0.8Rnk 779 / 1025
2022
Imports
$30MWorld Rnk 26 / 169
Flag Rnk 295 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $54.7M in Cocoa Paste, making it the 14th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 175th most exported product in Bulgaria. The main destination of Cocoa Paste exports from Bulgaria are: Turkey ($54.5M), Armenia ($83.5k), Greece ($78.3k), Romania ($45.1k), and Netherlands ($27.3k).

The fastest growing export markets for Cocoa Paste of Bulgaria between 2021 and 2022 were Turkey ($2.33M), Armenia ($83.5k), and Greece ($39.3k).

Imports In 2022, Bulgaria imported $30M in Cocoa Paste, becoming the 26th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 295th most imported product in Bulgaria. Bulgaria imports Cocoa Paste primarily from: Slovakia ($9.12M), Netherlands ($7.73M), Poland ($2.77M), Ghana ($2.52M), and United Kingdom ($2.36M).

The fastest growing import markets in Cocoa Paste for Bulgaria between 2021 and 2022 were Ghana ($1.01M), Germany ($904k), and France ($793k).

Latest Trends

Jul 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 Paste. 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)$54.7M
IMPORTS (2022)$30M
NET TRADE (2022)$24.8M

In 2022, Bulgaria exported $54.7M in Cocoa Paste. The main destinations of Bulgaria exports on Cocoa Paste were Turkey ($54.5M), Armenia ($83.5k), Greece ($78.3k), Romania ($45.1k), and Netherlands ($27.3k).

In 2022, Bulgaria imported $30M in Cocoa Paste, mainly from Slovakia ($9.12M), Netherlands ($7.73M), Poland ($2.77M), Ghana ($2.52M), and United Kingdom ($2.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Turkey$2.33M (4.47%)
Armenia$83.5k (1%)
Greece$39.3k (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Bulgaria WERE (2021 - 2022):
Romania-$36.3k (-44.6%)
Russia-$34.1k (-100%)
Serbia-$11.4k (-99%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGreece+ $122k
TOP IMPORT POTENTIALGermany+ $492k

Cocoa Paste’s highest export potential is Greece. With an export gap of $122k.   Cocoa Paste’s highest import potential is Germany with an import gap of $492k.

See methodology.

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