2023
Exports
$702kWorld Rnk 46 / 104
Flag Rnk 863 / 1207
2023
PRODUCT COMPLEXITY IN Wool
-2.02Rnk 1001 / 1025
2023
Imports
$27.9MWorld Rnk 10 / 132
Flag Rnk 320 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $702k in Wool, making it the 46th largest exporter of Wool in the world. At the same year, Wool was the 863rd most exported product in Bulgaria. The main destination of Wool exports from Bulgaria are: Germany ($402k), Spain ($139k), Romania ($62.1k), Switzerland ($54.2k), and Canada ($19.6k).

The fastest growing export markets for Wool of Bulgaria between 2022 and 2023 were Spain ($62.5k), Romania ($51.8k), and Switzerland ($35.3k).

Imports In 2023, Bulgaria imported $27.9M in Wool, becoming the 10th largest importer of Wool in the world. At the same year, Wool was the 320th most imported product in Bulgaria. Bulgaria imports Wool primarily from: New Zealand ($6.82M), Australia ($5.69M), Uruguay ($5.06M), South Africa ($4.22M), and United States ($2.24M).

The fastest growing import markets in Wool for Bulgaria between 2022 and 2023 were Falkland Islands ($546k), Peru ($499k), and Spain ($421k).

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 Wool. 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)$702k
IMPORTS (2023)$27.9M
NET TRADE (2023)-$27.2M

In 2023, Bulgaria exported $702k in Wool. The main destinations of Bulgaria exports on Wool were Germany ($402k), Spain ($139k), Romania ($62.1k), Switzerland ($54.2k), and Canada ($19.6k).

In 2023, Bulgaria imported $27.9M in Wool, mainly from New Zealand ($6.82M), Australia ($5.69M), Uruguay ($5.06M), South Africa ($4.22M), and United States ($2.24M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Spain$62.5k (81.1%)
Romania$51.8k (499%)
Switzerland$35.3k (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Bulgaria WERE (2022 - 2023):
Mauritius-$181k (-100%)
Germany-$149k (-27.1%)
Italy-$41k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Wool were:
In 2023, Bulgaria's main importing competitors in Wool were:
China $2.02B
India $255M
Italy $209M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $54.1k
TOP IMPORT POTENTIALUnited Kingdom+ $165k

Wool’s highest export potential is Italy. With an export gap of $54.1k.   Wool’s highest import potential is United Kingdom with an import gap of $165k.

See methodology.

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