2023
Exports
$1.35BWorld Rnk 37 / 163
Flag Rnk 4 / 1207
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$1.01BWorld Rnk 49 / 220
Flag Rnk 6 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $1.35B in Petroleum Gas, making it the 37th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 4th most exported product in Bulgaria. The main destination of Petroleum Gas exports from Bulgaria are: Romania ($1.13B), Greece ($170M), North Macedonia ($34.9M), Italy ($9.64M), and Serbia ($4.02M).

The fastest growing export markets for Petroleum Gas of Bulgaria between 2022 and 2023 were North Macedonia ($18.2M), Greece ($9.13M), and Hungary ($389k).

Imports In 2023, Bulgaria imported $1.01B in Petroleum Gas, becoming the 49th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 6th most imported product in Bulgaria. Bulgaria imports Petroleum Gas primarily from: Azerbaijan ($299M), Russia ($283M), United States ($109M), Greece ($97.6M), and Turkey ($90.8M).

The fastest growing import markets in Petroleum Gas for Bulgaria between 2022 and 2023 were Poland ($14.3M), Marshall Islands ($4.81M), and Kazakhstan ($3.59M).

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 Petroleum Gas. 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)$1.35B
IMPORTS (2023)$1.01B
NET TRADE (2023)$345M

In 2023, Bulgaria exported $1.35B in Petroleum Gas. The main destinations of Bulgaria exports on Petroleum Gas were Romania ($1.13B), Greece ($170M), North Macedonia ($34.9M), Italy ($9.64M), and Serbia ($4.02M).

In 2023, Bulgaria imported $1.01B in Petroleum Gas, mainly from Azerbaijan ($299M), Russia ($283M), United States ($109M), Greece ($97.6M), and Turkey ($90.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
North Macedonia$18.2M (110%)
Greece$9.13M (5.67%)
Hungary$389k (11.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Bulgaria WERE (2022 - 2023):
Romania-$1.78B (-61.2%)
Luxembourg-$43.4M (-100%)
Cyprus-$20.1M (-96.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Petroleum Gas were:
In 2023, Bulgaria's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGreece+ $72.6M
TOP IMPORT POTENTIALRussia+ $428M

Petroleum Gas’s highest export potential is Greece. With an export gap of $72.6M.   Petroleum Gas’s highest import potential is Russia with an import gap of $428M.

See methodology.

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