2023
Exports
$53.9MWorld Rnk 37 / 199
Flag Rnk 169 / 1207
2023
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.42Rnk 61 / 1025
2023
Imports
$66.6MWorld Rnk 43 / 218
Flag Rnk 163 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $53.9M in Metalworking Machine Parts, making it the 37th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 169th most exported product in Bulgaria. The main destination of Metalworking Machine Parts exports from Bulgaria are: Germany ($14.8M), Italy ($6.69M), Netherlands ($5.29M), United States ($4.01M), and Greece ($2.83M).

The fastest growing export markets for Metalworking Machine Parts of Bulgaria between 2022 and 2023 were Algeria ($2.44M), Sweden ($1.45M), and Greece ($1.32M).

Imports In 2023, Bulgaria imported $66.6M in Metalworking Machine Parts, becoming the 43rd largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 163rd most imported product in Bulgaria. Bulgaria imports Metalworking Machine Parts primarily from: Italy ($13.3M), Germany ($12.4M), Turkey ($11.3M), Chinese Taipei ($6.1M), and Austria ($4.51M).

The fastest growing import markets in Metalworking Machine Parts for Bulgaria between 2022 and 2023 were Italy ($6.75M), Austria ($2.89M), and Turkey ($2.04M).

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 Metalworking Machine 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)$53.9M
IMPORTS (2023)$66.6M
NET TRADE (2023)-$12.8M

In 2023, Bulgaria exported $53.9M in Metalworking Machine Parts. The main destinations of Bulgaria exports on Metalworking Machine Parts were Germany ($14.8M), Italy ($6.69M), Netherlands ($5.29M), United States ($4.01M), and Greece ($2.83M).

In 2023, Bulgaria imported $66.6M in Metalworking Machine Parts, mainly from Italy ($13.3M), Germany ($12.4M), Turkey ($11.3M), Chinese Taipei ($6.1M), and Austria ($4.51M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Algeria$2.44M (1%)
Sweden$1.45M (125%)
Greece$1.32M (87.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Bulgaria WERE (2022 - 2023):
Italy-$1.56M (-18.9%)
Turkey-$640k (-38.5%)
Poland-$510k (-16.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Metalworking Machine Parts were:
In 2023, Bulgaria's main importing competitors in Metalworking Machine Parts were:

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.35M
TOP IMPORT POTENTIALGermany+ $2.49M

Metalworking Machine Parts’s highest export potential is United States. With an export gap of $4.35M.   Metalworking Machine Parts’s highest import potential is Germany with an import gap of $2.49M.

See methodology.

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