2023
Exports
$1.35BWorld Rnk 35 / 225
Flag Rnk 9 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$2.21BWorld Rnk 47 / 226
Flag Rnk 6 / 96
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $1.35B in Pharmaceutical products, making it the 35th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most exported product in Bulgaria. The main destination of Pharmaceutical products exports from Bulgaria are: Russia ($267M), Germany ($133M), Romania ($120M), United Kingdom ($62.2M), and Netherlands ($55.5M).

The fastest growing export markets for Pharmaceutical products of Bulgaria between 2022 and 2023 were Russia ($36.1M), Germany ($30.8M), and United Kingdom ($16M).

Imports In 2023, Bulgaria imported $2.21B in Pharmaceutical products, becoming the 47th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most imported product in Bulgaria. Bulgaria imports Pharmaceutical products primarily from: Germany ($465M), Hungary ($321M), Switzerland ($182M), Netherlands ($173M), and Slovenia ($173M).

The fastest growing import markets in Pharmaceutical products for Bulgaria between 2022 and 2023 were Hungary ($197M), Romania ($50.4M), and Germany ($46.3M).

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 Pharmaceutical products. 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)$2.21B
NET TRADE (2023)-$861M

In 2023, Bulgaria exported $1.35B in Pharmaceutical products. The main destinations of Bulgaria exports on Pharmaceutical products were Russia ($267M), Germany ($133M), Romania ($120M), United Kingdom ($62.2M), and Netherlands ($55.5M).

In 2023, Bulgaria imported $2.21B in Pharmaceutical products, mainly from Germany ($465M), Hungary ($321M), Switzerland ($182M), Netherlands ($173M), and Slovenia ($173M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Russia$36.1M (15.6%)
Germany$30.8M (30.3%)
United Kingdom$16M (34.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Bulgaria WERE (2022 - 2023):
Iran-$10.4M (-96%)
Vietnam-$5.93M (-42.3%)
South Korea-$4.88M (-67%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Pharmaceutical products were:
In 2023, Bulgaria's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $85.7M
TOP IMPORT POTENTIALGermany+ $86.9M

Pharmaceutical products’s highest export potential is Germany. With an export gap of $85.7M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $86.9M.

See methodology.

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