2022
Exports
$655MWorld Rnk 40 / 222
Flag Rnk 13 / 1211
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$481MWorld Rnk 53 / 225
Flag Rnk 15 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $655M in Insulated Wire, making it the 40th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 13th most exported product in Bulgaria. The main destination of Insulated Wire exports from Bulgaria are: Germany ($157M), Turkey ($152M), Czechia ($115M), Spain ($30.4M), and Austria ($25.7M).

The fastest growing export markets for Insulated Wire of Bulgaria between 2021 and 2022 were Spain ($19.6M), Austria ($9.82M), and United Kingdom ($4.7M).

Imports In 2022, Bulgaria imported $481M in Insulated Wire, becoming the 53rd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 15th most imported product in Bulgaria. Bulgaria imports Insulated Wire primarily from: Turkey ($87.9M), Romania ($74.7M), Germany ($68M), China ($31.5M), and Czechia ($23.6M).

The fastest growing import markets in Insulated Wire for Bulgaria between 2021 and 2022 were Turkey ($20.2M), China ($10.2M), and Portugal ($5.09M).

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 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 (2022)$655M
IMPORTS (2022)$481M
NET TRADE (2022)$173M

In 2022, Bulgaria exported $655M in Insulated Wire. The main destinations of Bulgaria exports on Insulated Wire were Germany ($157M), Turkey ($152M), Czechia ($115M), Spain ($30.4M), and Austria ($25.7M).

In 2022, Bulgaria imported $481M in Insulated Wire, mainly from Turkey ($87.9M), Romania ($74.7M), Germany ($68M), China ($31.5M), and Czechia ($23.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Spain$19.6M (181%)
Austria$9.82M (61.9%)
United Kingdom$4.7M (37.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Bulgaria WERE (2021 - 2022):
Turkey-$17.9M (-10.5%)
Czechia-$16.5M (-12.6%)
Romania-$3.63M (-15.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Insulated Wire were:
In 2022, 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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