2022
Exports
$22MWorld Rnk 27 / 174
Flag Rnk 292 / 1211
2022
PRODUCT COMPLEXITY IN Woodworking machines
1.28Rnk 96 / 1025
2022
Imports
$29MWorld Rnk 54 / 218
Flag Rnk 308 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $22M in Woodworking machines, making it the 27th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 292nd most exported product in Bulgaria. The main destination of Woodworking machines exports from Bulgaria are: Germany ($7.59M), Austria ($2.86M), Russia ($2.07M), Romania ($1.45M), and Spain ($980k).

The fastest growing export markets for Woodworking machines of Bulgaria between 2021 and 2022 were Germany ($1.47M), United Kingdom ($386k), and Czechia ($298k).

Imports In 2022, Bulgaria imported $29M in Woodworking machines, becoming the 54th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 308th most imported product in Bulgaria. Bulgaria imports Woodworking machines primarily from: Turkey ($6.02M), Germany ($5.73M), Italy ($5.17M), Austria ($3.16M), and Poland ($2.45M).

The fastest growing import markets in Woodworking machines for Bulgaria between 2021 and 2022 were Turkey ($1.12M), Austria ($936k), and Poland ($657k).

Latest Trends

Aug 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 Woodworking machines. 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)$22M
IMPORTS (2022)$29M
NET TRADE (2022)-$6.95M

In 2022, Bulgaria exported $22M in Woodworking machines. The main destinations of Bulgaria exports on Woodworking machines were Germany ($7.59M), Austria ($2.86M), Russia ($2.07M), Romania ($1.45M), and Spain ($980k).

In 2022, Bulgaria imported $29M in Woodworking machines, mainly from Turkey ($6.02M), Germany ($5.73M), Italy ($5.17M), Austria ($3.16M), and Poland ($2.45M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Germany$1.47M (24.1%)
United Kingdom$386k (1%)
Czechia$298k (337%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Bulgaria WERE (2021 - 2022):
Iran-$1.34M (-78.8%)
Belgium-$1.08M (-96.1%)
Romania-$616k (-29.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, Bulgaria's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $969k
TOP IMPORT POTENTIALChina+ $1.59M

Woodworking machines’s highest export potential is Russia. With an export gap of $969k.   Woodworking machines’s highest import potential is China with an import gap of $1.59M.

See methodology.

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