2023
Exports
$8.56kWorld Rnk 117 / 150
Flag Rnk 1140 / 1207
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$3.14BWorld Rnk 38 / 159
Flag Rnk 1 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $8.56k in Crude Petroleum, making it the 117th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1140th most exported product in Bulgaria. The main destination of Crude Petroleum exports from Bulgaria are: Netherlands ($4.8k) and Greece ($3.76k).

The fastest growing export markets for Crude Petroleum of Bulgaria between 2022 and 2023 were Netherlands ($1.35k).

Imports In 2023, Bulgaria imported $3.14B 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 ($2.69B), Egypt ($157M), Norway ($140M), Romania ($85.8M), and Israel ($24.6M).

The fastest growing import markets in Crude Petroleum for Bulgaria between 2022 and 2023 were Egypt ($157M), Norway ($140M), and Israel ($24.6M).

Latest Trends

Jan 2025

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 (2023)$8.56k
IMPORTS (2023)$3.14B
NET TRADE (2023)-$3.14B

In 2023, Bulgaria exported $8.56k in Crude Petroleum. The main destinations of Bulgaria exports on Crude Petroleum were Netherlands ($4.8k) and Greece ($3.76k).

In 2023, Bulgaria imported $3.14B in Crude Petroleum, mainly from Russia ($2.69B), Egypt ($157M), Norway ($140M), Romania ($85.8M), and Israel ($24.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):Netherlands$1.35k (39.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Bulgaria WERE (2022 - 2023):Greece-$3.21M (-99.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Crude Petroleum were:
In 2023, Bulgaria's main importing competitors in Crude Petroleum were:

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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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