2023
Exports
$62.3MWorld Rnk 21 / 179
Flag Rnk 153 / 1207
2023
PRODUCT COMPLEXITY IN Footwear Parts
-0.66Rnk 750 / 1025
2023
Imports
$26.4MWorld Rnk 52 / 207
Flag Rnk 332 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $62.3M in Footwear Parts, making it the 21st largest exporter of Footwear Parts in the world. At the same year, Footwear Parts was the 153rd most exported product in Bulgaria. The main destination of Footwear Parts exports from Bulgaria are: Italy ($58.5M), Greece ($1.27M), Germany ($662k), Romania ($531k), and China ($235k).

The fastest growing export markets for Footwear Parts of Bulgaria between 2022 and 2023 were China ($189k), United States ($92.6k), and Spain ($69.6k).

Imports In 2023, Bulgaria imported $26.4M in Footwear Parts, becoming the 52nd largest importer of Footwear Parts in the world. At the same year, Footwear Parts was the 332nd most imported product in Bulgaria. Bulgaria imports Footwear Parts primarily from: Italy ($18.9M), Albania ($2.21M), North Macedonia ($1.53M), Turkey ($793k), and China ($653k).

The fastest growing import markets in Footwear Parts for Bulgaria between 2022 and 2023 were Albania ($2.05M), China ($298k), and Greece ($98.7k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$62.3M
IMPORTS (2023)$26.4M
NET TRADE (2023)$35.9M

In 2023, Bulgaria exported $62.3M in Footwear Parts. The main destinations of Bulgaria exports on Footwear Parts were Italy ($58.5M), Greece ($1.27M), Germany ($662k), Romania ($531k), and China ($235k).

In 2023, Bulgaria imported $26.4M in Footwear Parts, mainly from Italy ($18.9M), Albania ($2.21M), North Macedonia ($1.53M), Turkey ($793k), and China ($653k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Footwear Parts EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
China$189k (417%)
United States$92.6k (194%)
Spain$69.6k (474%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Footwear Parts BY Bulgaria WERE (2022 - 2023):
Italy-$11.5M (-16.4%)
Hungary-$1.5M (-94.7%)
Romania-$1.28M (-70.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Bulgaria's main exporting competitors in Footwear Parts were:
China $3.98B
Italy $674M
In 2023, Bulgaria's main importing competitors in Footwear Parts were:

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Trade Value of Footwear Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.32M
TOP IMPORT POTENTIALRomania+ $973k

Footwear Parts’s highest export potential is Germany. With an export gap of $2.32M.   Footwear Parts’s highest import potential is Romania with an import gap of $973k.

See methodology.

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