2023
Exports
$5.09BWorld Rnk 42 / 226
Flag Rnk 2 / 96
2023
PRODUCT COMPLEXITY IN Electrical machinery and electronics
1.73Rnk 19 / 1025
2023
Imports
$6.28BWorld Rnk 50 / 226
Flag Rnk 2 / 96
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $5.09B in Electrical machinery and electronics, making it the 42nd largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most exported product in Bulgaria. The main destination of Electrical machinery and electronics exports from Bulgaria are: Germany ($1.34B), Italy ($384M), Czechia ($327M), Turkey ($244M), and Romania ($177M).

The fastest growing export markets for Electrical machinery and electronics of Bulgaria between 2022 and 2023 were Germany ($288M), Chinese Taipei ($62.4M), and Czechia ($57.1M).

Imports In 2023, Bulgaria imported $6.28B in Electrical machinery and electronics, becoming the 50th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most imported product in Bulgaria. Bulgaria imports Electrical machinery and electronics primarily from: Germany ($998M), China ($921M), Czechia ($540M), Hungary ($438M), and Romania ($358M).

The fastest growing import markets in Electrical machinery and electronics for Bulgaria between 2022 and 2023 were Czechia ($75.4M), Denmark ($65.4M), and Romania ($44M).

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 Electrical machinery and electronics. 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)$5.09B
IMPORTS (2023)$6.28B
NET TRADE (2023)-$1.2B

In 2023, Bulgaria exported $5.09B in Electrical machinery and electronics. The main destinations of Bulgaria exports on Electrical machinery and electronics were Germany ($1.34B), Italy ($384M), Czechia ($327M), Turkey ($244M), and Romania ($177M).

In 2023, Bulgaria imported $6.28B in Electrical machinery and electronics, mainly from Germany ($998M), China ($921M), Czechia ($540M), Hungary ($438M), and Romania ($358M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Germany$288M (27.5%)
Chinese Taipei$62.4M (240%)
Czechia$57.1M (21.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Bulgaria WERE (2022 - 2023):
United Kingdom-$14.2M (-13%)
Russia-$11M (-43.1%)
Japan-$7.69M (-26.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Electrical machinery and electronics were:
In 2023, Bulgaria's main importing competitors in Electrical machinery and electronics were:

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Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $228M
TOP IMPORT POTENTIALChina+ $457M

Electrical machinery and electronics’s highest export potential is United States. With an export gap of $228M.   Electrical machinery and electronics’s highest import potential is China with an import gap of $457M.

See methodology.

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