2022
Exports
$18.1MWorld Rnk 49 / 141
Flag Rnk 322 / 1211
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2022
Imports
$179MWorld Rnk 14 / 186
Flag Rnk 64 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $18.1M in Inedible Fats and Oils, making it the 49th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 322nd most exported product in Bulgaria. The main destination of Inedible Fats and Oils exports from Bulgaria are: Slovakia ($3.27M), Austria ($3.19M), Greece ($3.16M), Hungary ($2.96M), and Italy ($2.23M).

The fastest growing export markets for Inedible Fats and Oils of Bulgaria between 2021 and 2022 were Slovakia ($2.46M), Greece ($2.45M), and Austria ($2.3M).

Imports In 2022, Bulgaria imported $179M in Inedible Fats and Oils, becoming the 14th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 64th most imported product in Bulgaria. Bulgaria imports Inedible Fats and Oils primarily from: Romania ($90.8M), China ($73.6M), Spain ($3.9M), Netherlands ($3.22M), and Greece ($3.01M).

The fastest growing import markets in Inedible Fats and Oils for Bulgaria between 2021 and 2022 were Romania ($70.4M), China ($52.2M), and Spain ($3.9M).

Latest Trends

Nov 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 Inedible Fats and Oils. 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)$18.1M
IMPORTS (2022)$179M
NET TRADE (2022)-$161M

In 2022, Bulgaria exported $18.1M in Inedible Fats and Oils. The main destinations of Bulgaria exports on Inedible Fats and Oils were Slovakia ($3.27M), Austria ($3.19M), Greece ($3.16M), Hungary ($2.96M), and Italy ($2.23M).

In 2022, Bulgaria imported $179M in Inedible Fats and Oils, mainly from Romania ($90.8M), China ($73.6M), Spain ($3.9M), Netherlands ($3.22M), and Greece ($3.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Slovakia$2.46M (305%)
Greece$2.45M (342%)
Austria$2.3M (258%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Bulgaria WERE (2021 - 2022):
Germany-$1.27M (-43.2%)
Italy-$1.06M (-32.2%)
North Macedonia-$215k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Inedible Fats and Oils were:
In 2022, Bulgaria's main importing competitors in Inedible Fats and Oils were:

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $1.3M
TOP IMPORT POTENTIALNetherlands+ $2.43M

Inedible Fats and Oils’s highest export potential is Germany. With an export gap of $1.3M.   Inedible Fats and Oils’s highest import potential is Netherlands with an import gap of $2.43M.

See methodology.

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