2023
Exports
$799MWorld Rnk 39 / 223
Flag Rnk 11 / 1207
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$514MWorld Rnk 48 / 225
Flag Rnk 13 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $799M in Insulated Wire, making it the 39th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 11th most exported product in Bulgaria. The main destination of Insulated Wire exports from Bulgaria are: Germany ($242M), Turkey ($161M), Czechia ($124M), Spain ($41M), and Austria ($34M).

The fastest growing export markets for Insulated Wire of Bulgaria between 2022 and 2023 were Spain ($17.9M), Czechia ($17.5M), and Turkey ($17.1M).

Imports In 2023, Bulgaria imported $514M in Insulated Wire, becoming the 48th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 13th most imported product in Bulgaria. Bulgaria imports Insulated Wire primarily from: Turkey ($98.8M), Germany ($92.3M), Romania ($72.6M), Czechia ($23.1M), and China ($21.7M).

The fastest growing import markets in Insulated Wire for Bulgaria between 2022 and 2023 were Romania ($18.5M), Germany ($7.78M), and Belgium ($4.96M).

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 Insulated Wire. 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)$799M
IMPORTS (2023)$514M
NET TRADE (2023)$285M

In 2023, Bulgaria exported $799M in Insulated Wire. The main destinations of Bulgaria exports on Insulated Wire were Germany ($242M), Turkey ($161M), Czechia ($124M), Spain ($41M), and Austria ($34M).

In 2023, Bulgaria imported $514M in Insulated Wire, mainly from Turkey ($98.8M), Germany ($92.3M), Romania ($72.6M), Czechia ($23.1M), and China ($21.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Spain$17.9M (77.1%)
Czechia$17.5M (16.5%)
Turkey$17.1M (11.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Bulgaria WERE (2022 - 2023):
United Kingdom-$14.4M (-83.7%)
Iran-$3.92M (-88.5%)
United States-$2.42M (-69%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $39.4M
TOP IMPORT POTENTIALChina+ $28.3M

Insulated Wire’s highest export potential is Germany. With an export gap of $39.4M.   Insulated Wire’s highest import potential is China with an import gap of $28.3M.

See methodology.

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