2023
Exports
$11.3MWorld Rnk 50 / 165
Flag Rnk 388 / 1207
2023
PRODUCT COMPLEXITY IN Hydrogen
-0.073Rnk 582 / 1025
2023
Imports
$12.6MWorld Rnk 57 / 217
Flag Rnk 482 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $11.3M in Hydrogen, making it the 50th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 388th most exported product in Bulgaria. The main destination of Hydrogen exports from Bulgaria are: Greece ($6.24M), Germany ($1.62M), North Macedonia ($1.09M), Romania ($918k), and Serbia ($519k).

The fastest growing export markets for Hydrogen of Bulgaria between 2022 and 2023 were Germany ($1.03M), North Macedonia ($461k), and Serbia ($200k).

Imports In 2023, Bulgaria imported $12.6M in Hydrogen, becoming the 57th largest importer of Hydrogen in the world. At the same year, Hydrogen was the 482nd most imported product in Bulgaria. Bulgaria imports Hydrogen primarily from: Serbia ($5.28M), Romania ($2.24M), United Arab Emirates ($1.88M), France ($786k), and Czechia ($387k).

The fastest growing import markets in Hydrogen for Bulgaria between 2022 and 2023 were Serbia ($2.25M), United Arab Emirates ($1.83M), and France ($691k).

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 Hydrogen. 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)$11.3M
IMPORTS (2023)$12.6M
NET TRADE (2023)-$1.35M

In 2023, Bulgaria exported $11.3M in Hydrogen. The main destinations of Bulgaria exports on Hydrogen were Greece ($6.24M), Germany ($1.62M), North Macedonia ($1.09M), Romania ($918k), and Serbia ($519k).

In 2023, Bulgaria imported $12.6M in Hydrogen, mainly from Serbia ($5.28M), Romania ($2.24M), United Arab Emirates ($1.88M), France ($786k), and Czechia ($387k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Germany$1.03M (172%)
North Macedonia$461k (73%)
Serbia$200k (62.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Bulgaria WERE (2022 - 2023):
Greece-$2.52M (-28.8%)
Czechia-$83.1k (-100%)
South Korea-$77.4k (-60.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Hydrogen were:
In 2023, Bulgaria's main importing competitors in Hydrogen were:
China $2.1B
Japan $1.45B
Germany $1.27B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $879k
TOP IMPORT POTENTIALGermany+ $515k

Hydrogen’s highest export potential is Germany. With an export gap of $879k.   Hydrogen’s highest import potential is Germany with an import gap of $515k.

See methodology.

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