2022
Exports
$16MWorld Rnk 53 / 149
Flag Rnk 346 / 1211
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$49.6MWorld Rnk 87 / 208
Flag Rnk 202 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $16M in Palm Oil, making it the 53rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 346th most exported product in Bulgaria. The main destination of Palm Oil exports from Bulgaria are: Romania ($14.7M), Greece ($932k), North Macedonia ($147k), Serbia ($146k), and Netherlands ($16.7k).

The fastest growing export markets for Palm Oil of Bulgaria between 2021 and 2022 were Romania ($4.95M), Greece ($193k), and Serbia ($21.4k).

Imports In 2022, Bulgaria imported $49.6M in Palm Oil, becoming the 87th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 202nd most imported product in Bulgaria. Bulgaria imports Palm Oil primarily from: Greece ($41.6M), Malaysia ($1.87M), Netherlands ($1.27M), Sweden ($1.27M), and Egypt ($1.1M).

The fastest growing import markets in Palm Oil for Bulgaria between 2021 and 2022 were Greece ($15.6M), Malaysia ($1.02M), and Belgium ($489k).

Latest Trends

Jul 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 Palm Oil. 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)$16M
IMPORTS (2022)$49.6M
NET TRADE (2022)-$33.7M

In 2022, Bulgaria exported $16M in Palm Oil. The main destinations of Bulgaria exports on Palm Oil were Romania ($14.7M), Greece ($932k), North Macedonia ($147k), Serbia ($146k), and Netherlands ($16.7k).

In 2022, Bulgaria imported $49.6M in Palm Oil, mainly from Greece ($41.6M), Malaysia ($1.87M), Netherlands ($1.27M), Sweden ($1.27M), and Egypt ($1.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Romania$4.95M (50.8%)
Greece$193k (26.2%)
Serbia$21.4k (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Bulgaria WERE (2021 - 2022):
Albania-$30.9k (-100%)
Italy-$24.5k (-68.5%)
North Macedonia-$23.5k (-13.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Palm Oil were:
In 2022, Bulgaria's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGreece+ $499k
TOP IMPORT POTENTIALMalaysia+ $2.11M

Palm Oil’s highest export potential is Greece. With an export gap of $499k.   Palm Oil’s highest import potential is Malaysia with an import gap of $2.11M.

See methodology.

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