2023
Exports
$33.4MWorld Rnk 117 / 167
Flag Rnk 233 / 1207
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$96.2MWorld Rnk 59 / 174
Flag Rnk 114 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $33.4M in Gold, making it the 117th largest exporter of Gold in the world. At the same year, Gold was the 233rd most exported product in Bulgaria. The main destination of Gold exports from Bulgaria are: Turkey ($15M), Italy ($13M), Germany ($2.38M), United Kingdom ($1.77M), and Poland ($472k).

The fastest growing export markets for Gold of Bulgaria between 2022 and 2023 were Turkey ($5.36M), Italy ($2.66M), and United Kingdom ($1.77M).

Imports In 2023, Bulgaria imported $96.2M in Gold, becoming the 59th largest importer of Gold in the world. At the same year, Gold was the 114th most imported product in Bulgaria. Bulgaria imports Gold primarily from: Estonia ($57.7M), Germany ($12.6M), Poland ($10.3M), Turkey ($9.13M), and Italy ($2.18M).

The fastest growing import markets in Gold for Bulgaria between 2022 and 2023 were Estonia ($21.4M), Poland ($10.3M), and Germany ($3.58M).

Latest Trends

Dec 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 (2023)$33.4M
IMPORTS (2023)$96.2M
NET TRADE (2023)-$62.8M

In 2023, Bulgaria exported $33.4M in Gold. The main destinations of Bulgaria exports on Gold were Turkey ($15M), Italy ($13M), Germany ($2.38M), United Kingdom ($1.77M), and Poland ($472k).

In 2023, Bulgaria imported $96.2M in Gold, mainly from Estonia ($57.7M), Germany ($12.6M), Poland ($10.3M), Turkey ($9.13M), and Italy ($2.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Turkey$5.36M (55.6%)
Italy$2.66M (25.7%)
United Kingdom$1.77M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Bulgaria WERE (2022 - 2023):
Czechia-$5.09M (-92.6%)
Germany-$3.89M (-62.1%)
Poland-$3.26M (-87.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Gold were:
In 2023, 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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