2023
Exports
$606kWorld Rnk 51 / 99
Flag Rnk 881 / 1207
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$226kWorld Rnk 64 / 142
Flag Rnk 1070 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $606k in Iron Reductions, making it the 51st largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 881st most exported product in Bulgaria. The main destination of Iron Reductions exports from Bulgaria are: Romania ($199k), Hungary ($136k), Netherlands ($86.7k), Italy ($73.7k), and Spain ($31.6k).

The fastest growing export markets for Iron Reductions of Bulgaria between 2022 and 2023 were Hungary ($136k), India ($28.3k), and Greece ($7.74k).

Imports In 2023, Bulgaria imported $226k in Iron Reductions, becoming the 64th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1070th most imported product in Bulgaria. Bulgaria imports Iron Reductions primarily from: Greece ($178k), Netherlands ($25.2k), Germany ($17.6k), Spain ($3.72k), and Italy ($999).

The fastest growing import markets in Iron Reductions for Bulgaria between 2022 and 2023 were Spain ($3.72k), Germany ($3.07k), and Netherlands ($1.84k).

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 Iron Reductions. 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)$606k
IMPORTS (2023)$226k
NET TRADE (2023)$380k

In 2023, Bulgaria exported $606k in Iron Reductions. The main destinations of Bulgaria exports on Iron Reductions were Romania ($199k), Hungary ($136k), Netherlands ($86.7k), Italy ($73.7k), and Spain ($31.6k).

In 2023, Bulgaria imported $226k in Iron Reductions, mainly from Greece ($178k), Netherlands ($25.2k), Germany ($17.6k), Spain ($3.72k), and Italy ($999).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Hungary$136k (1%)
India$28.3k (1%)
Greece$7.74k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Bulgaria WERE (2022 - 2023):
Lithuania-$2.54M (-100%)
Italy-$1.14M (-93.9%)
Netherlands-$124k (-58.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Iron Reductions were:
In 2023, Bulgaria's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $321k
TOP IMPORT POTENTIALItaly+ $30k

Iron Reductions’s highest export potential is Italy. With an export gap of $321k.   Iron Reductions’s highest import potential is Italy with an import gap of $30k.

See methodology.

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