2022
Exports
$1.62BWorld Rnk 22 / 98
Flag Rnk 5 / 1211
2022
PRODUCT COMPLEXITY IN Electricity
-0.67Rnk 750 / 1025
2022
Imports
$295MWorld Rnk 45 / 128
Flag Rnk 33 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $1.62B in Electricity, making it the 22nd largest exporter of Electricity in the world. At the same year, Electricity was the 5th most exported product in Bulgaria. The main destination of Electricity exports from Bulgaria are: Romania ($672M), Slovenia ($273M), Serbia ($258M), North Macedonia ($214M), and Denmark ($56.6M).

The fastest growing export markets for Electricity of Bulgaria between 2021 and 2022 were Romania ($321M), Slovenia ($213M), and Serbia ($154M).

Imports In 2022, Bulgaria imported $295M in Electricity, becoming the 45th largest importer of Electricity in the world. At the same year, Electricity was the 33rd most imported product in Bulgaria. Bulgaria imports Electricity primarily from: Turkey ($167M), Romania ($46.7M), Serbia ($32.4M), Luxembourg ($23.7M), and Czechia ($16.8M).

The fastest growing import markets in Electricity for Bulgaria between 2021 and 2022 were Turkey ($50.4M), Serbia ($18.6M), and Czechia ($484k).

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 Electricity. 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)$1.62B
IMPORTS (2022)$295M
NET TRADE (2022)$1.32B

In 2022, Bulgaria exported $1.62B in Electricity. The main destinations of Bulgaria exports on Electricity were Romania ($672M), Slovenia ($273M), Serbia ($258M), North Macedonia ($214M), and Denmark ($56.6M).

In 2022, Bulgaria imported $295M in Electricity, mainly from Turkey ($167M), Romania ($46.7M), Serbia ($32.4M), Luxembourg ($23.7M), and Czechia ($16.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Romania$321M (91.7%)
Slovenia$213M (356%)
Serbia$154M (148%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Bulgaria WERE (2021 - 2022):
Italy-$214M (-100%)
Czechia-$108M (-100%)
Denmark-$62.8M (-52.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Electricity were:
In 2022, Bulgaria's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $29.2M
TOP IMPORT POTENTIALRomania+ $7.44M

Electricity’s highest export potential is Turkey. With an export gap of $29.2M.   Electricity’s highest import potential is Romania with an import gap of $7.44M.

See methodology.

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