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GDP
$89BCURRENT US$
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GDP GROWTH
64%CURRENT US$
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$4.23TCURRENT US$
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-32.5%CURRENT US$
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$13,772CURRENT US$
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85.3%CURRENT US$
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$33,815CURRENT US$
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About

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.

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 12.6%,  from $119M in 2017 to $241M in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $117M in 2022.

In 2017, 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 12.6%, from $119M in 2022 to $241M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Japan (Flag)

Bulgaria Exports

Japan Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Japan
Top Destination
United States$137B

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

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

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

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

Comparative Advantage Bulgaria - Japan

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Japan in the exports of Machines ($45.8M), Textiles ($15.9M), and Instruments ($12.8M).

During 2017, Japan had a large net trade with Bulgaria in the exports of Machines ($119M), Transportation ($57.5M), and Instruments ($26.4M).

Potential Exports

Potential Exports

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

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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Economic Complexity

Competitive Landscape

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

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

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