2023
Exports
$82.7MWorld Rnk 47 / 226
Flag Rnk 63 / 96
2023
PRODUCT COMPLEXITY IN Tools & cutlery
1.82Rnk 14 / 1025
2023
Imports
$170MWorld Rnk 58 / 226
Flag Rnk 53 / 96
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $82.7M in Tools & cutlery, making it the 47th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 63rd most exported product in Bulgaria. The main destination of Tools & cutlery exports from Bulgaria are: Germany ($26.7M), Romania ($7.22M), United States ($4.91M), France ($4.68M), and Spain ($3.05M).

The fastest growing export markets for Tools & cutlery of Bulgaria between 2022 and 2023 were Germany ($6.13M), Spain ($1.08M), and Russia ($1.07M).

Imports In 2023, Bulgaria imported $170M in Tools & cutlery, becoming the 58th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 53rd most imported product in Bulgaria. Bulgaria imports Tools & cutlery primarily from: Germany ($36.4M), China ($25.2M), Romania ($12.1M), Italy ($9.7M), and Netherlands ($9.47M).

The fastest growing import markets in Tools & cutlery for Bulgaria between 2022 and 2023 were Poland ($2.73M), Spain ($2.46M), and Greece ($2.15M).

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 Tools & cutlery. 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)$82.7M
IMPORTS (2023)$170M
NET TRADE (2023)-$87M

In 2023, Bulgaria exported $82.7M in Tools & cutlery. The main destinations of Bulgaria exports on Tools & cutlery were Germany ($26.7M), Romania ($7.22M), United States ($4.91M), France ($4.68M), and Spain ($3.05M).

In 2023, Bulgaria imported $170M in Tools & cutlery, mainly from Germany ($36.4M), China ($25.2M), Romania ($12.1M), Italy ($9.7M), and Netherlands ($9.47M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Germany$6.13M (29.8%)
Spain$1.08M (54.8%)
Russia$1.07M (85.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Bulgaria WERE (2022 - 2023):
Belgium-$682k (-38.8%)
Romania-$628k (-8%)
Austria-$509k (-32.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Tools & cutlery were:
In 2023, Bulgaria's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.1M
TOP IMPORT POTENTIALChina+ $11.9M

Tools & cutlery’s highest export potential is United States. With an export gap of $5.1M.   Tools & cutlery’s highest import potential is China with an import gap of $11.9M.

See methodology.

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