2022
Exports
$3.94MWorld Rnk 33 / 174
Flag Rnk 568 / 1211
2022
PRODUCT COMPLEXITY IN Umbrellas
-0.043Rnk 560 / 1025
2022
Imports
$7.9MWorld Rnk 58 / 218
Flag Rnk 591 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $3.94M in Umbrellas, making it the 33rd largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 568th most exported product in Bulgaria. The main destination of Umbrellas exports from Bulgaria are: Greece ($1.35M), Hungary ($923k), Romania ($395k), Italy ($316k), and Serbia ($239k).

The fastest growing export markets for Umbrellas of Bulgaria between 2021 and 2022 were Hungary ($629k), Greece ($453k), and Italy ($113k).

Imports In 2022, Bulgaria imported $7.9M in Umbrellas, becoming the 58th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 591st most imported product in Bulgaria. Bulgaria imports Umbrellas primarily from: China ($3.02M), Poland ($878k), Germany ($495k), Ukraine ($446k), and Italy ($409k).

The fastest growing import markets in Umbrellas for Bulgaria between 2021 and 2022 were Poland ($726k), Greece ($248k), and Germany ($230k).

Latest Trends

Jul 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 Umbrellas. 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)$3.94M
IMPORTS (2022)$7.9M
NET TRADE (2022)-$3.96M

In 2022, Bulgaria exported $3.94M in Umbrellas. The main destinations of Bulgaria exports on Umbrellas were Greece ($1.35M), Hungary ($923k), Romania ($395k), Italy ($316k), and Serbia ($239k).

In 2022, Bulgaria imported $7.9M in Umbrellas, mainly from China ($3.02M), Poland ($878k), Germany ($495k), Ukraine ($446k), and Italy ($409k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Hungary$629k (214%)
Greece$453k (50.2%)
Italy$113k (55.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Bulgaria WERE (2021 - 2022):
Slovakia-$35.2k (-100%)
United States-$28k (-86.9%)
Saudi Arabia-$27.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Umbrellas were:
In 2022, Bulgaria's main importing competitors in Umbrellas were:

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $159k
TOP IMPORT POTENTIALChina+ $1M

Umbrellas’s highest export potential is Italy. With an export gap of $159k.   Umbrellas’s highest import potential is China with an import gap of $1M.

See methodology.

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