2023
Exports
$232MWorld Rnk 39 / 207
Flag Rnk 49 / 1207
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$94MWorld Rnk 43 / 177
Flag Rnk 117 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $232M in Scrap Iron, making it the 39th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 49th most exported product in Bulgaria. The main destination of Scrap Iron exports from Bulgaria are: Turkey ($118M), North Macedonia ($58.5M), Italy ($24.5M), Romania ($9.63M), and India ($5.64M).

The fastest growing export markets for Scrap Iron of Bulgaria between 2022 and 2023 were North Macedonia ($19.9M), Serbia ($3.24M), and Austria ($795k).

Imports In 2023, Bulgaria imported $94M in Scrap Iron, becoming the 43rd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 117th most imported product in Bulgaria. Bulgaria imports Scrap Iron primarily from: Romania ($57.2M), Serbia ($24.8M), Greece ($5.5M), Italy ($3.28M), and Ukraine ($957k).

The fastest growing import markets in Scrap Iron for Bulgaria between 2022 and 2023 were Serbia ($13.2M), Greece ($2.88M), and Italy ($1.29M).

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 Scrap Iron. 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)$232M
IMPORTS (2023)$94M
NET TRADE (2023)$138M

In 2023, Bulgaria exported $232M in Scrap Iron. The main destinations of Bulgaria exports on Scrap Iron were Turkey ($118M), North Macedonia ($58.5M), Italy ($24.5M), Romania ($9.63M), and India ($5.64M).

In 2023, Bulgaria imported $94M in Scrap Iron, mainly from Romania ($57.2M), Serbia ($24.8M), Greece ($5.5M), Italy ($3.28M), and Ukraine ($957k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
North Macedonia$19.9M (51.7%)
Serbia$3.24M (1%)
Austria$795k (211%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Bulgaria WERE (2022 - 2023):
Turkey-$75.5M (-39.1%)
Netherlands-$7.96M (-66.5%)
Greece-$7.64M (-81.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Scrap Iron were:
In 2023, Bulgaria's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $33.5M
TOP IMPORT POTENTIALItaly+ $1.28M

Scrap Iron’s highest export potential is Turkey. With an export gap of $33.5M.   Scrap Iron’s highest import potential is Italy with an import gap of $1.28M.

See methodology.

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