2023
Exports
$22.7MWorld Rnk 49 / 164
Flag Rnk 289 / 1207
2023
PRODUCT COMPLEXITY IN Iron Blocks
-0.47Rnk 688 / 1025
2023
Imports
$85.8MWorld Rnk 47 / 220
Flag Rnk 130 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $22.7M in Iron Blocks, making it the 49th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 289th most exported product in Bulgaria. The main destination of Iron Blocks exports from Bulgaria are: Romania ($6.38M), Ukraine ($3.97M), Bosnia and Herzegovina ($2.34M), North Macedonia ($2.32M), and Serbia ($2.14M).

The fastest growing export markets for Iron Blocks of Bulgaria between 2022 and 2023 were Ukraine ($2.6M), Netherlands ($146k), and Croatia ($133k).

Imports In 2023, Bulgaria imported $85.8M in Iron Blocks, becoming the 47th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 130th most imported product in Bulgaria. Bulgaria imports Iron Blocks primarily from: Turkey ($37.5M), Luxembourg ($8.65M), Romania ($8.35M), Poland ($7.16M), and Serbia ($5.31M).

The fastest growing import markets in Iron Blocks for Bulgaria between 2022 and 2023 were China ($5.01M), Poland ($4.07M), and Turkey ($940k).

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 Iron Blocks. 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)$22.7M
IMPORTS (2023)$85.8M
NET TRADE (2023)-$63.1M

In 2023, Bulgaria exported $22.7M in Iron Blocks. The main destinations of Bulgaria exports on Iron Blocks were Romania ($6.38M), Ukraine ($3.97M), Bosnia and Herzegovina ($2.34M), North Macedonia ($2.32M), and Serbia ($2.14M).

In 2023, Bulgaria imported $85.8M in Iron Blocks, mainly from Turkey ($37.5M), Luxembourg ($8.65M), Romania ($8.35M), Poland ($7.16M), and Serbia ($5.31M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Ukraine$2.6M (190%)
Netherlands$146k (43%)
Croatia$133k (22%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Bulgaria WERE (2022 - 2023):
Serbia-$1.32M (-38.3%)
Poland-$902k (-39.4%)
Italy-$865k (-66.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Iron Blocks were:
China $2.69B
Spain $1.83B
Germany $1.64B
In 2023, Bulgaria's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.3M
TOP IMPORT POTENTIALSpain+ $2.33M

Iron Blocks’s highest export potential is Germany. With an export gap of $1.3M.   Iron Blocks’s highest import potential is Spain with an import gap of $2.33M.

See methodology.

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