2022
Exports
$1.2BWorld Rnk 34 / 223
Flag Rnk 11 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$1.91BWorld Rnk 50 / 226
Flag Rnk 8 / 96
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $1.2B in Pharmaceutical products, making it the 34th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 11th most exported product in Bulgaria. The main destination of Pharmaceutical products exports from Bulgaria are: Russia ($231M), Germany ($137M), Romania ($105M), Netherlands ($52.7M), and France ($49M).

The fastest growing export markets for Pharmaceutical products of Bulgaria between 2021 and 2022 were Russia ($68.2M), Germany ($18M), and Switzerland ($16.8M).

Imports In 2022, Bulgaria imported $1.91B in Pharmaceutical products, becoming the 50th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 8th most imported product in Bulgaria. Bulgaria imports Pharmaceutical products primarily from: Germany ($421M), Hungary ($227M), Switzerland ($203M), Netherlands ($154M), and Slovenia ($146M).

The fastest growing import markets in Pharmaceutical products for Bulgaria between 2021 and 2022 were Slovenia ($26.1M), Italy ($22.4M), and Switzerland ($10.4M).

Latest Trends

Oct 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 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 (2022)$1.2B
IMPORTS (2022)$1.91B
NET TRADE (2022)-$710M

In 2022, Bulgaria exported $1.2B in Pharmaceutical products. The main destinations of Bulgaria exports on Pharmaceutical products were Russia ($231M), Germany ($137M), Romania ($105M), Netherlands ($52.7M), and France ($49M).

In 2022, Bulgaria imported $1.91B in Pharmaceutical products, mainly from Germany ($421M), Hungary ($227M), Switzerland ($203M), Netherlands ($154M), and Slovenia ($146M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Russia$68.2M (42%)
Germany$18M (15.2%)
Switzerland$16.8M (536%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Bulgaria WERE (2021 - 2022):
Italy-$28.2M (-46.3%)
Romania-$26.2M (-19.9%)
France-$10.3M (-17.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Pharmaceutical products were:
In 2022, 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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