2023
Exports
$2.49MWorld Rnk 14 / 76
Flag Rnk 652 / 1207
2023
PRODUCT COMPLEXITY IN Hops
0.45Rnk 386 / 1025
2023
Imports
$839kWorld Rnk 64 / 162
Flag Rnk 954 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $2.49M in Hops, making it the 14th largest exporter of Hops in the world. At the same year, Hops was the 652nd most exported product in Bulgaria. The main destination of Hops exports from Bulgaria are: Spain ($1.97M), Germany ($156k), France ($124k), Serbia ($89.2k), and Italy ($87.2k).

The fastest growing export markets for Hops of Bulgaria between 2022 and 2023 were Spain ($547k), Serbia ($12k), and Georgia ($2.67k).

Imports In 2023, Bulgaria imported $839k in Hops, becoming the 64th largest importer of Hops in the world. At the same year, Hops was the 954th most imported product in Bulgaria. Bulgaria imports Hops primarily from: Germany ($454k), Czechia ($209k), Belgium ($87.3k), Slovenia ($60.4k), and Netherlands ($13k).

The fastest growing import markets in Hops for Bulgaria between 2022 and 2023 were Czechia ($68.2k), Belgium ($67.5k), and Slovenia ($21.9k).

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 Hops. 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)$2.49M
IMPORTS (2023)$839k
NET TRADE (2023)$1.65M

In 2023, Bulgaria exported $2.49M in Hops. The main destinations of Bulgaria exports on Hops were Spain ($1.97M), Germany ($156k), France ($124k), Serbia ($89.2k), and Italy ($87.2k).

In 2023, Bulgaria imported $839k in Hops, mainly from Germany ($454k), Czechia ($209k), Belgium ($87.3k), Slovenia ($60.4k), and Netherlands ($13k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Spain$547k (38.4%)
Serbia$12k (15.6%)
Georgia$2.67k (148%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY Bulgaria WERE (2022 - 2023):
Italy-$611k (-87.5%)
Germany-$261k (-62.7%)
France-$83.4k (-40.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $152k
TOP IMPORT POTENTIALCzechia+ $15.7k

Hops’s highest export potential is Germany. With an export gap of $152k.   Hops’s highest import potential is Czechia with an import gap of $15.7k.

See methodology.

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