2022
Exports
$259MWorld Rnk 36 / 221
Flag Rnk 43 / 1211
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$130MWorld Rnk 61 / 224
Flag Rnk 91 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $259M in Excavation Machinery, making it the 36th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 43rd most exported product in Bulgaria. The main destination of Excavation Machinery exports from Bulgaria are: Slovakia ($58.8M), Germany ($30.6M), Italy ($26.5M), Austria ($23.3M), and Slovenia ($20.7M).

The fastest growing export markets for Excavation Machinery of Bulgaria between 2021 and 2022 were Slovakia ($11M), Pakistan ($5.91M), and Germany ($4.47M).

Imports In 2022, Bulgaria imported $130M in Excavation Machinery, becoming the 61st largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 91st most imported product in Bulgaria. Bulgaria imports Excavation Machinery primarily from: China ($28.2M), Italy ($12.1M), Belgium ($11.5M), Turkey ($10.6M), and Germany ($10.5M).

The fastest growing import markets in Excavation Machinery for Bulgaria between 2021 and 2022 were China ($12.3M), Belgium ($2.94M), and India ($2.26M).

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 Excavation Machinery. 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)$259M
IMPORTS (2022)$130M
NET TRADE (2022)$129M

In 2022, Bulgaria exported $259M in Excavation Machinery. The main destinations of Bulgaria exports on Excavation Machinery were Slovakia ($58.8M), Germany ($30.6M), Italy ($26.5M), Austria ($23.3M), and Slovenia ($20.7M).

In 2022, Bulgaria imported $130M in Excavation Machinery, mainly from China ($28.2M), Italy ($12.1M), Belgium ($11.5M), Turkey ($10.6M), and Germany ($10.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Slovakia$11M (23.1%)
Pakistan$5.91M (31.7k%)
Germany$4.47M (17.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Bulgaria WERE (2021 - 2022):
Czechia-$4.34M (-65.5%)
Russia-$2.76M (-53.4%)
Ukraine-$1.62M (-51.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Excavation Machinery were:
In 2022, Bulgaria's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $17.1M
TOP IMPORT POTENTIALChina+ $12.6M

Excavation Machinery’s highest export potential is Germany. With an export gap of $17.1M.   Excavation Machinery’s highest import potential is China with an import gap of $12.6M.

See methodology.

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