2022
Exports
$989MWorld Rnk 41 / 226
Flag Rnk 14 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$989MWorld Rnk 64 / 225
Flag Rnk 11 / 96
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $989M in Iron or steel articles, making it the 41st largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 14th most exported product in Bulgaria. The main destination of Iron or steel articles exports from Bulgaria are: Germany ($212M), Romania ($96.6M), Poland ($80.1M), Italy ($70.2M), and Czechia ($67.3M).

The fastest growing export markets for Iron or steel articles of Bulgaria between 2021 and 2022 were Poland ($12M), United Arab Emirates ($8.49M), and Czechia ($7.84M).

Imports In 2022, Bulgaria imported $989M in Iron or steel articles, becoming the 64th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 11th most imported product in Bulgaria. Bulgaria imports Iron or steel articles primarily from: Turkey ($172M), Germany ($171M), Italy ($126M), China ($94.1M), and Romania ($71.4M).

The fastest growing import markets in Iron or steel articles for Bulgaria between 2021 and 2022 were Turkey ($40M), China ($27.9M), and India ($20M).

Latest Trends

Oct 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 or steel articles. 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)$989M
IMPORTS (2022)$989M
NET TRADE (2022)-$452k

In 2022, Bulgaria exported $989M in Iron or steel articles. The main destinations of Bulgaria exports on Iron or steel articles were Germany ($212M), Romania ($96.6M), Poland ($80.1M), Italy ($70.2M), and Czechia ($67.3M).

In 2022, Bulgaria imported $989M in Iron or steel articles, mainly from Turkey ($172M), Germany ($171M), Italy ($126M), China ($94.1M), and Romania ($71.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Poland$12M (17.6%)
Czechia$7.84M (13.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Bulgaria WERE (2021 - 2022):
Germany-$26.7M (-11.2%)
Greece-$9.36M (-18.1%)
Romania-$8.93M (-8.46%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Bulgaria's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $46.6M
TOP IMPORT POTENTIALChina+ $66.5M

Iron or steel articles’s highest export potential is Germany. With an export gap of $46.6M.   Iron or steel articles’s highest import potential is China with an import gap of $66.5M.

See methodology.

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