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2022
Exports $2.9MWorld Rnk 97 / 149
Flag Rnk 620 / 1211
2022
Destination $2.9M Greece
2021 - 2022
FASTEST GROWING MARKET $2.9MGreece
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $3.61BWorld Rnk 38 / 158
Flag Rnk 1 / 1209
2022
Origin $2.18B Russia
2021 - 2022
FASTEST GROWING ORIGIN $2.18BRussia
2022
ECONOMIC COMPLEXITY of Bulgaria0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $2.9M in Crude Petroleum, making it the 97th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 620th most exported product in Bulgaria. The main destination of Crude Petroleum exports from Bulgaria are: Greece ($2.9M) and Netherlands ($3.03k).

The fastest growing export markets for Crude Petroleum of Bulgaria between 2021 and 2022 were Greece ($2.9M) and Netherlands ($2.95k).

Imports In 2022, Bulgaria imported $3.61B in Crude Petroleum, becoming the 38th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Bulgaria. Bulgaria imports Crude Petroleum primarily from: Russia ($3.03B), Romania ($233M), Greece ($187M), Iraq ($91.4M), and Kazakhstan ($50.2M).

The fastest growing import markets in Crude Petroleum for Bulgaria between 2021 and 2022 were Russia ($2.18B), Romania ($196M), and Iraq ($91.4M).

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 Crude Petroleum. 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)$2.9M
IMPORTS (2022)$3.61B
NET TRADE (2022)-$3.6B

In 2022, Bulgaria exported $2.9M in Crude Petroleum. The main destinations of Bulgaria exports on Crude Petroleum were Greece ($2.9M) and Netherlands ($3.03k).

In 2022, Bulgaria imported $3.61B in Crude Petroleum, mainly from Russia ($3.03B), Romania ($233M), Greece ($187M), Iraq ($91.4M), and Kazakhstan ($50.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Greece$2.9M (1%)
Netherlands$2.95k (3.64k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Bulgaria WERE (2021 - 2022):United Arab Emirates-$720 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Bulgaria's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGreece+ $1.88M
TOP IMPORT POTENTIALIraq+ $94.1M

Crude Petroleum’s highest export potential is Greece. With an export gap of $1.88M.   Crude Petroleum’s highest import potential is Iraq with an import gap of $94.1M.

See methodology.

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