2023
Exports
$324MWorld Rnk 36 / 223
Flag Rnk 31 / 1207
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$257MWorld Rnk 57 / 226
Flag Rnk 36 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $324M in Valves, making it the 36th largest exporter of Valves in the world. At the same year, Valves was the 31st most exported product in Bulgaria. The main destination of Valves exports from Bulgaria are: Germany ($71.9M), Italy ($55.7M), Poland ($44.5M), Turkey ($22.3M), and Denmark ($16.8M).

The fastest growing export markets for Valves of Bulgaria between 2022 and 2023 were Italy ($19.7M), Turkey ($7.64M), and Spain ($1.54M).

Imports In 2023, Bulgaria imported $257M in Valves, becoming the 57th largest importer of Valves in the world. At the same year, Valves was the 36th most imported product in Bulgaria. Bulgaria imports Valves primarily from: Italy ($49.9M), Germany ($48.9M), China ($45.5M), Cyprus ($18.5M), and Poland ($11.8M).

The fastest growing import markets in Valves for Bulgaria between 2022 and 2023 were Cyprus ($10M), Lithuania ($2.25M), and Poland ($2M).

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 Valves. 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)$324M
IMPORTS (2023)$257M
NET TRADE (2023)$66.9M

In 2023, Bulgaria exported $324M in Valves. The main destinations of Bulgaria exports on Valves were Germany ($71.9M), Italy ($55.7M), Poland ($44.5M), Turkey ($22.3M), and Denmark ($16.8M).

In 2023, Bulgaria imported $257M in Valves, mainly from Italy ($49.9M), Germany ($48.9M), China ($45.5M), Cyprus ($18.5M), and Poland ($11.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Italy$19.7M (54.5%)
Turkey$7.64M (52.1%)
Spain$1.54M (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Bulgaria WERE (2022 - 2023):
South Korea-$6.94M (-97.2%)
Saudi Arabia-$6.12M (-65.1%)
Russia-$4.06M (-65.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $19.6M
TOP IMPORT POTENTIALChina+ $21.5M

Valves’s highest export potential is Germany. With an export gap of $19.6M.   Valves’s highest import potential is China with an import gap of $21.5M.

See methodology.

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