2022
Exports
$23.8MWorld Rnk 119 / 176
Flag Rnk 278 / 1211
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$83.6MWorld Rnk 64 / 178
Flag Rnk 135 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $23.8M in Gold, making it the 119th largest exporter of Gold in the world. At the same year, Gold was the 278th most exported product in Bulgaria. The main destination of Gold exports from Bulgaria are: Turkey ($7.81M), Germany ($5.76M), Italy ($3.29M), Serbia ($2.47M), and Czechia ($1.5M).

The fastest growing export markets for Gold of Bulgaria between 2021 and 2022 were Turkey ($2.76M), Serbia ($2.47M), and Hungary ($1.15M).

Imports In 2022, Bulgaria imported $83.6M in Gold, becoming the 64th largest importer of Gold in the world. At the same year, Gold was the 135th most imported product in Bulgaria. Bulgaria imports Gold primarily from: Estonia ($36.3M), Poland ($16.5M), Germany ($12.2M), Turkey ($7.04M), and Austria ($5.41M).

The fastest growing import markets in Gold for Bulgaria between 2021 and 2022 were Poland ($10.1M), Italy ($614k), and France ($555k).

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 Gold. 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)$23.8M
IMPORTS (2022)$83.6M
NET TRADE (2022)-$59.8M

In 2022, Bulgaria exported $23.8M in Gold. The main destinations of Bulgaria exports on Gold were Turkey ($7.81M), Germany ($5.76M), Italy ($3.29M), Serbia ($2.47M), and Czechia ($1.5M).

In 2022, Bulgaria imported $83.6M in Gold, mainly from Estonia ($36.3M), Poland ($16.5M), Germany ($12.2M), Turkey ($7.04M), and Austria ($5.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Turkey$2.76M (54.7%)
Serbia$2.47M (1%)
Hungary$1.15M (2.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Bulgaria WERE (2021 - 2022):
Italy-$8.36M (-71.8%)
Croatia-$2.22M (-92.2%)
Germany-$1.12M (-16.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $10.5M
TOP IMPORT POTENTIALTurkey+ $2.8M

Gold’s highest export potential is Turkey. With an export gap of $10.5M.   Gold’s highest import potential is Turkey with an import gap of $2.8M.

See methodology.

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