2022
Exports
$7.37BWorld Rnk 56 / 216
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$9.27BWorld Rnk 56 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $7.37B in Mineral fuels, mineral oils and products of their distillation, making it the 56th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in Bulgaria. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Bulgaria are: Romania ($2.37B), Ukraine ($886M), Gibraltar ($552M), Egypt ($434M), and Turkey ($419M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Bulgaria between 2021 and 2022 were Romania ($1.72B), Ukraine ($740M), and Gibraltar ($387M).

Imports In 2022, Bulgaria imported $9.27B in Mineral fuels, mineral oils and products of their distillation, becoming the 56th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Bulgaria. Bulgaria imports Mineral fuels, mineral oils and products of their distillation primarily from: Russia ($5B), Greece ($1.59B), Romania ($742M), Turkey ($569M), and United States ($428M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Bulgaria between 2021 and 2022 were Russia ($2.76B), Greece ($979M), and Turkey ($395M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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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 Mineral fuels, mineral oils and products of their distillation. 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)$7.37B
IMPORTS (2022)$9.27B
NET TRADE (2022)-$1.89B

In 2022, Bulgaria exported $7.37B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Bulgaria exports on Mineral fuels, mineral oils and products of their distillation were Romania ($2.37B), Ukraine ($886M), Gibraltar ($552M), Egypt ($434M), and Turkey ($419M).

In 2022, Bulgaria imported $9.27B in Mineral fuels, mineral oils and products of their distillation, mainly from Russia ($5B), Greece ($1.59B), Romania ($742M), Turkey ($569M), and United States ($428M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Romania$1.72B (262%)
Ukraine$740M (506%)
Gibraltar$387M (235%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Bulgaria WERE (2021 - 2022):
Italy-$238M (-75.7%)
Czechia-$106M (-95.6%)
Tunisia-$81.9M (-72.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Bulgaria's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALTurkey+ $221M
TOP IMPORT POTENTIALRussia+ $105M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is Turkey. With an export gap of $221M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Russia with an import gap of $105M.

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