2022
Exports
$125MWorld Rnk 44 / 216
Flag Rnk 88 / 1211
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$205MWorld Rnk 60 / 225
Flag Rnk 52 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $125M in Machinery Having Individual Functions, making it the 44th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 88th most exported product in Bulgaria. The main destination of Machinery Having Individual Functions exports from Bulgaria are: Germany ($21.5M), Iran ($17M), Spain ($14.1M), Italy ($10.2M), and Netherlands ($6.88M).

The fastest growing export markets for Machinery Having Individual Functions of Bulgaria between 2021 and 2022 were Iran ($16.6M), Spain ($13.6M), and United Kingdom ($4.83M).

Imports In 2022, Bulgaria imported $205M in Machinery Having Individual Functions, becoming the 60th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 52nd most imported product in Bulgaria. Bulgaria imports Machinery Having Individual Functions primarily from: Germany ($43.8M), Italy ($24.6M), United Kingdom ($14.9M), Turkey ($14.3M), and China ($13.6M).

The fastest growing import markets in Machinery Having Individual Functions for Bulgaria between 2021 and 2022 were Malaysia ($4.82M), Belgium ($4.34M), and United Kingdom ($4.33M).

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 Machinery Having Individual Functions. 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)$125M
IMPORTS (2022)$205M
NET TRADE (2022)-$80.4M

In 2022, Bulgaria exported $125M in Machinery Having Individual Functions. The main destinations of Bulgaria exports on Machinery Having Individual Functions were Germany ($21.5M), Iran ($17M), Spain ($14.1M), Italy ($10.2M), and Netherlands ($6.88M).

In 2022, Bulgaria imported $205M in Machinery Having Individual Functions, mainly from Germany ($43.8M), Italy ($24.6M), United Kingdom ($14.9M), Turkey ($14.3M), and China ($13.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Iran$16.6M (3.91k%)
Spain$13.6M (3.01k%)
United Kingdom$4.83M (2.37k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Bulgaria WERE (2021 - 2022):
China-$1.95M (-28.9%)
Sweden-$1.43M (-34.5%)
Poland-$936k (-81.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Bulgaria's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $9.48M
TOP IMPORT POTENTIALGermany+ $11.3M

Machinery Having Individual Functions’s highest export potential is Germany. With an export gap of $9.48M.   Machinery Having Individual Functions’s highest import potential is Germany with an import gap of $11.3M.

See methodology.

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