2022
Exports
$379MWorld Rnk 18 / 162
Flag Rnk 21 / 1211
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$110MWorld Rnk 55 / 217
Flag Rnk 105 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $379M in Raw Iron Bars, making it the 18th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 21st most exported product in Bulgaria. The main destination of Raw Iron Bars exports from Bulgaria are: Romania ($240M), Greece ($27.4M), Hungary ($25.2M), Cyprus ($25.1M), and Germany ($21.5M).

The fastest growing export markets for Raw Iron Bars of Bulgaria between 2021 and 2022 were Germany ($19.2M), Cyprus ($15.2M), and Hungary ($8.92M).

Imports In 2022, Bulgaria imported $110M in Raw Iron Bars, becoming the 55th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 105th most imported product in Bulgaria. Bulgaria imports Raw Iron Bars primarily from: Turkey ($55M), Greece ($12M), Italy ($12M), Ukraine ($5.08M), and Albania ($3.36M).

The fastest growing import markets in Raw Iron Bars for Bulgaria between 2021 and 2022 were Turkey ($19M), Italy ($4.66M), and Albania ($3.36M).

Latest Trends

Nov 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 Raw Iron Bars. 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)$379M
IMPORTS (2022)$110M
NET TRADE (2022)$269M

In 2022, Bulgaria exported $379M in Raw Iron Bars. The main destinations of Bulgaria exports on Raw Iron Bars were Romania ($240M), Greece ($27.4M), Hungary ($25.2M), Cyprus ($25.1M), and Germany ($21.5M).

In 2022, Bulgaria imported $110M in Raw Iron Bars, mainly from Turkey ($55M), Greece ($12M), Italy ($12M), Ukraine ($5.08M), and Albania ($3.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Germany$19.2M (816%)
Cyprus$15.2M (153%)
Hungary$8.92M (54.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Bulgaria WERE (2021 - 2022):
Romania-$19M (-7.34%)
Ukraine-$13.4M (-68.1%)
Italy-$2.84M (-31.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Bulgaria's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $8.54M
TOP IMPORT POTENTIALTurkey+ $4.2M

Raw Iron Bars’s highest export potential is Germany. With an export gap of $8.54M.   Raw Iron Bars’s highest import potential is Turkey with an import gap of $4.2M.

See methodology.

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