2023
Exports
$3.95BWorld Rnk 44 / 226
Flag Rnk 4 / 96
2023
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.12Rnk 2 / 1025
2023
Imports
$5BWorld Rnk 60 / 226
Flag Rnk 3 / 96
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $3.95B in Machinery, mechanical appliances, & parts, making it the 44th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 4th most exported product in Bulgaria. The main destination of Machinery, mechanical appliances, & parts exports from Bulgaria are: Germany ($717M), Romania ($433M), France ($249M), Italy ($234M), and Austria ($220M).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Bulgaria between 2022 and 2023 were Romania ($99.8M), Turkey ($78.4M), and Greece ($41.2M).

Imports In 2023, Bulgaria imported $5B in Machinery, mechanical appliances, & parts, becoming the 60th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most imported product in Bulgaria. Bulgaria imports Machinery, mechanical appliances, & parts primarily from: Germany ($947M), Italy ($564M), China ($515M), Turkey ($375M), and Romania ($245M).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Bulgaria between 2022 and 2023 were Germany ($54.8M), Italy ($49.3M), and Turkey ($45.2M).

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 Machinery, mechanical appliances, & parts. 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)$3.95B
IMPORTS (2023)$5B
NET TRADE (2023)-$1.05B

In 2023, Bulgaria exported $3.95B in Machinery, mechanical appliances, & parts. The main destinations of Bulgaria exports on Machinery, mechanical appliances, & parts were Germany ($717M), Romania ($433M), France ($249M), Italy ($234M), and Austria ($220M).

In 2023, Bulgaria imported $5B in Machinery, mechanical appliances, & parts, mainly from Germany ($947M), Italy ($564M), China ($515M), Turkey ($375M), and Romania ($245M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Romania$99.8M (30%)
Turkey$78.4M (69.1%)
Greece$41.2M (36.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Bulgaria WERE (2022 - 2023):
United States-$67.6M (-26.5%)
Italy-$65.2M (-21.8%)
Netherlands-$36.9M (-22.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2023, Bulgaria's main importing competitors in Machinery, mechanical appliances, & parts were:

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Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $188M
TOP IMPORT POTENTIALChina+ $293M

Machinery, mechanical appliances, & parts’s highest export potential is Germany. With an export gap of $188M.   Machinery, mechanical appliances, & parts’s highest import potential is China with an import gap of $293M.

See methodology.

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