2023
Exports
$1.94BWorld Rnk 12 / 147
Flag Rnk 2 / 1207
2023
PRODUCT COMPLEXITY IN Refined Copper
-1.41Rnk 931 / 1025
2023
Imports
$341MWorld Rnk 26 / 184
Flag Rnk 25 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $1.94B in Refined Copper, making it the 12th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 2nd most exported product in Bulgaria. The main destination of Refined Copper exports from Bulgaria are: Italy ($969M), Turkey ($489M), Singapore ($114M), Croatia ($102M), and China ($97.6M).

The fastest growing export markets for Refined Copper of Bulgaria between 2022 and 2023 were Italy ($207M), Singapore ($114M), and Netherlands ($29.3M).

Imports In 2023, Bulgaria imported $341M in Refined Copper, becoming the 26th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 25th most imported product in Bulgaria. Bulgaria imports Refined Copper primarily from: Tanzania ($106M), Serbia ($80.8M), Romania ($57.1M), South Africa ($37.3M), and Greece ($12.8M).

The fastest growing import markets in Refined Copper for Bulgaria between 2022 and 2023 were Tanzania ($72M), Romania ($57M), and Serbia ($53.9M).

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 Refined Copper. 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)$1.94B
IMPORTS (2023)$341M
NET TRADE (2023)$1.6B

In 2023, Bulgaria exported $1.94B in Refined Copper. The main destinations of Bulgaria exports on Refined Copper were Italy ($969M), Turkey ($489M), Singapore ($114M), Croatia ($102M), and China ($97.6M).

In 2023, Bulgaria imported $341M in Refined Copper, mainly from Tanzania ($106M), Serbia ($80.8M), Romania ($57.1M), South Africa ($37.3M), and Greece ($12.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Italy$207M (27.2%)
Singapore$114M (4.18M%)
Netherlands$29.3M (177k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Bulgaria WERE (2022 - 2023):
Turkey-$84.4M (-14.7%)
China-$76.6M (-44%)
Egypt-$53.1M (-92.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Refined Copper were:
In 2023, Bulgaria's main importing competitors in Refined Copper were:

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $130M
TOP IMPORT POTENTIALKazakhstan+ $6.34M

Refined Copper’s highest export potential is China. With an export gap of $130M.   Refined Copper’s highest import potential is Kazakhstan with an import gap of $6.34M.

See methodology.

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