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2022
Flag → Flag
Exports $241MRnk 87 / 211
2022
Flag → Flag
Top Product $29.1MElectric Motors
2022
Flag → Flag
Exports $117MRnk 53 / 206
2022
Flag → Flag
Top Product $30.1MIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Japan-Bulgaria Trade: In 2022, Japan exported $241M to Bulgaria. The main products that Japan exported to Bulgaria were Electric Motors ($29.1M), Cars ($29M), and Bi-Wheel Vehicle Parts ($20.2M). Over the past 5 years the exports of Japan to Bulgaria have increased at an annualized rate of 15.3%, from $119M in 2017 to $241M in 2022.

In 2022, Japan did not export any services to Bulgaria.

Bulgaria-Japan Trade: In 2022, Bulgaria exported $117M to Japan. The main products that Bulgaria exported to Japan were Integrated Circuits ($30.1M), Vaccines, blood, antisera, toxins and cultures ($6.78M), and Oscilloscopes ($5.47M). Over the past 5 years the exports of Bulgaria to Japan have increased at an annualized rate of 6.08%,  from $87.3M in 2017 to $117M in 2022.

In 2020, Bulgaria exported services to Japan worth $16.9M, with Royalties and license fees ($6.62M), Computer and information services ($5.37M), and Travel ($1.83M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

June, 2024

About

Overview In June 2024, Japan exported ¥1.69B and imported ¥1.57B from Bulgaria, resulting in a positive trade balance of ¥124M. Between June 2023 and June 2024 the exports of Japan have increased by ¥47M (2.86%) from ¥1.65B to ¥1.69B, while imports increased by ¥150M (10.6%) from ¥1.42B to ¥1.57B.

Trade In June 2024, the top exports of Japan to Bulgaria were Commodities not elsewhere specified (¥530M), Large Construction Vehicles (¥269M), Medical Instruments (¥151M), Hydrometers (¥120M), and Rubber Tires (¥94.5M). In June 2024 the top imports of Japan from Bulgaria were Electrical Power Accessories (¥106M), Non-Knit Men's Coats (¥99M), Knit T-shirts (¥83.5M), Medical Instruments (¥61.6M), and Bird Feathers and Skins (¥58.5M).

Origins In June 2024 the exports of Japan were mainly from Tokyo (¥397M), Shizuoka (¥321M), Osaka (¥310M), Kanagawa (¥148M), and Aichi (¥140M), while imports destinations were mainly Chiba (¥460M), Osaka (¥362M), Tokyo (¥320M), Kanagawa (¥123M), and Aichi (¥121M).

Growth In June 2024, the increase in Japan's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Commodities not elsewhere specified (¥440M or 493%), Large Construction Vehicles (¥267M or 16k%), and Medical Instruments (¥87M or 135%). In June 2024, the increase in Japan's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Non-Knit Men's Coats (¥77.9M or 369%), Medical Instruments (¥47.6M or 340%), and Bird Feathers and Skins (¥32.8M or 127%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)¥47M(2.86%)
IMPORT GROWTH (June 2023 - June 2024)¥150M(10.6%)
MAIN EXPORTER (June 2024)Tokyo¥397M

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Bulgaria and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $241M to Bulgaria. The main products exported from Japan to Bulgaria were Electric Motors ($29.1M), Cars ($29M), and Bi-Wheel Vehicle Parts ($20.2M). During the last 5 years the exports of Japan to Bulgaria have increased at an annualized rate of 15.3%, from $119M in 2017 to $241M in 2022.

In 2017, Bulgaria exported $117M to Japan. The main products exported from Bulgaria to Japan were Integrated Circuits ($30.1M), Vaccines, blood, antisera, toxins and cultures ($6.78M), and Oscilloscopes ($5.47M). During the last 5 years the exports of Bulgaria to Japan have increased at an annualized rate of 6.08%, from $87.3M in 2022 to $117M in 2017.

Exports from Japan (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Bulgaria
Top DestinationGermany$6.91B

This map shows whether countries import more from Japan or Bulgaria. Each country is colored based on the difference in imports they receive from Japan and Bulgaria or the difference in the growth in imports.

In 2022, countries that imported more from Japan than Bulgaria included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Bulgaria than Japan included Romania ($6.55B), Greece ($2.93B), and Serbia ($1.29B).

Difference in imports from Bulgaria (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Bulgaria

Flow
Scale

This chart compares trade between Japan and Bulgaria by product, considering products traded by both, Japan and Bulgaria.

During 2022, Japan had a large net trade with Bulgaria in the exports of Machines ($119M), Transportation ($57.5M), and Instruments ($26.4M).

During 2017, Bulgaria had a large net trade with Japan in the exports of Machines ($45.8M), Textiles ($15.9M), and Instruments ($12.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Bulgaria+$40.6MCars
Top Product Potential Bulgaria Japan+$15.1MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Bulgaria exported services to Japan worth $16.9M, with Royalties and license fees ($6.62M), Computer and information services ($5.37M), and Travel ($1.83M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Japan (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Japan and Bulgaria. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Japan.

Product Space of Japan (Flag) and Bulgaria (Flag) (2022)

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