2023
Exports
$19.1MWorld Rnk 31 / 167
Flag Rnk 318 / 1207
2023
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 45 / 1025
2023
Imports
$45.3MWorld Rnk 41 / 214
Flag Rnk 231 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $19.1M in Forging Machines, making it the 31st largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 318th most exported product in Bulgaria. The main destination of Forging Machines exports from Bulgaria are: Germany ($4.87M), Romania ($4.38M), Czechia ($1.72M), Turkey ($1.33M), and China ($1.32M).

The fastest growing export markets for Forging Machines of Bulgaria between 2022 and 2023 were Germany ($2.27M), Romania ($1.97M), and China ($1.32M).

Imports In 2023, Bulgaria imported $45.3M in Forging Machines, becoming the 41st largest importer of Forging Machines in the world. At the same year, Forging Machines was the 231st most imported product in Bulgaria. Bulgaria imports Forging Machines primarily from: Turkey ($10.9M), China ($6.47M), Italy ($6.07M), Romania ($4.39M), and Austria ($4.19M).

The fastest growing import markets in Forging Machines for Bulgaria between 2022 and 2023 were Turkey ($4.37M), Romania ($3.73M), and Austria ($3.26M).

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 Forging Machines. 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)$19.1M
IMPORTS (2023)$45.3M
NET TRADE (2023)-$26.2M

In 2023, Bulgaria exported $19.1M in Forging Machines. The main destinations of Bulgaria exports on Forging Machines were Germany ($4.87M), Romania ($4.38M), Czechia ($1.72M), Turkey ($1.33M), and China ($1.32M).

In 2023, Bulgaria imported $45.3M in Forging Machines, mainly from Turkey ($10.9M), China ($6.47M), Italy ($6.07M), Romania ($4.39M), and Austria ($4.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Germany$2.27M (87.8%)
Romania$1.97M (82.1%)
China$1.32M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Bulgaria WERE (2022 - 2023):
Russia-$625k (-97.4%)
Guinea-$354k (-100%)
Latvia-$172k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, Bulgaria's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $860k
TOP IMPORT POTENTIALChina+ $1.93M

Forging Machines’s highest export potential is Turkey. With an export gap of $860k.   Forging Machines’s highest import potential is China with an import gap of $1.93M.

See methodology.

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