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2022
Flag → Flag
Exports $55.6MRnk 72 / 209
2022
Flag → Flag
Top Product $17.7MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $95.3MRnk 62 / 206
2022
Flag → Flag
Top Product $12.2MSunflower Seeds
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 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

Norway-Bulgaria Trade: In 2022, Norway exported $55.6M to Bulgaria. The main products that Norway exported to Bulgaria were Mixed Mineral or Chemical Fertilizers ($17.7M), Raw Aluminium ($8.99M), and Non-fillet Frozen Fish ($4.73M). Over the past 5 years the exports of Norway to Bulgaria have increased at an annualized rate of 7.17%, from $39.3M in 2017 to $55.6M in 2022.

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

Bulgaria-Norway Trade: In 2022, Bulgaria exported $95.3M to Norway. The main products that Bulgaria exported to Norway were Sunflower Seeds ($12.2M), Electrical Power Accessories ($7.18M), and Packaged Medicaments ($5.32M). Over the past 5 years the exports of Bulgaria to Norway have increased at an annualized rate of 4.54%,  from $76.3M in 2017 to $95.3M in 2022.

In 2020, Bulgaria exported services to Norway worth $19.3M, with Computer and information services ($9.02M), Other business services ($4.23M), and Transportation ($2.51M) being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

September, 2024

About

Overview In September 2024, Norway exported NOK196M and imported NOK104M from Bulgaria, resulting in a positive trade balance of NOK92M. Between September 2023 and September 2024 the exports of Norway have increased by NOK153M (361%) from NOK42.5M to NOK196M, while imports decreased by NOK-6.84M (-6.19%) from NOK111M to NOK104M.

Trade In September 2024, the top exports of Norway to Bulgaria were Non-ferrous metals (NOK28.2M), Fish (not marine mammals), crustaceans, molluscs... (NOK7.92M), Road vehicles (including air-cushion vehicles) (NOK4.12M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK3.92M), and Machinery specialized for particular industries (NOK3.41M). In September 2024 the top imports of Norway from Bulgaria were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK17.5M), Articles of apparel and clothing accessories (NOK11.4M), Miscellaneous manufactured articles, n.e.s. (NOK8.3M), Road vehicles (including air-cushion vehicles) (NOK7.34M), and Oil-seeds and oleaginous fruits (NOK6.1M).

Growth In September 2024, the increase in Norway's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Non-ferrous metals (NOK27.5M or 4k%), Road vehicles (including air-cushion vehicles) (NOK1.77M or 75.4%), and Textile fibres (other than wool tops... (NOK1.24M or 60.1%). In September 2024, the decrease in Norway's year-by-year imports  from Bulgaria was explained primarily by an decrease in product imports  in Oil-seeds and oleaginous fruits (NOK-9.11M or -59.9%), Medicinal and pharmaceutical products (NOK-3.62M or -40%), and Furniture, and parts thereof; bedding, mattresses,... (NOK-1.7M or -41.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)NOK153M(361%)
IMPORT GROWTH (September 2023 - September 2024)NOK-6.84M(-6.19%)

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $55.6M to Bulgaria. The main products exported from Norway to Bulgaria were Mixed Mineral or Chemical Fertilizers ($17.7M), Raw Aluminium ($8.99M), and Non-fillet Frozen Fish ($4.73M). During the last 5 years the exports of Norway to Bulgaria have increased at an annualized rate of 7.17%, from $39.3M in 2017 to $55.6M in 2022.

In 2017, Bulgaria exported $95.3M to Norway. The main products exported from Bulgaria to Norway were Sunflower Seeds ($12.2M), Electrical Power Accessories ($7.18M), and Packaged Medicaments ($5.32M). During the last 5 years the exports of Bulgaria to Norway have increased at an annualized rate of 4.54%, from $76.3M in 2022 to $95.3M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Norway than Bulgaria included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Bulgaria than Norway included Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

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

Comparative Advantage Norway - Bulgaria

Flow
Scale

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

During 2022, Norway had a large net trade with Bulgaria in the exports of Chemical Products ($20.2M), Metals ($10.1M), and Animal Products ($8.71M).

During 2017, Bulgaria had a large net trade with Norway in the exports of Machines ($29.9M), Vegetable Products ($13.2M), and Textiles ($12.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Bulgaria+$4.98MRaw Aluminium
Top Product Potential Bulgaria Norway+$5.29MPackaged Medicaments

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 Norway worth $19.3M, with Computer and information services ($9.02M), Other business services ($4.23M), and Transportation ($2.51M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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