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2022
Flag → Flag
Exports $1.3BRnk 10 / 206
2022
Flag → Flag
Top Product $121MMedical Instruments
2022
Flag → Flag
Exports $846MRnk 88 / 219
2022
Flag → Flag
Top Product $371MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Bulgaria-United States Trade: In 2022, Bulgaria exported $1.3B to United States. The main products that Bulgaria exported to United States were Medical Instruments ($121M), Sunflower Seeds ($68M), and Copper Plating ($45.7M). Over the past 5 years the exports of Bulgaria to United States have increased at an annualized rate of 18.7%, from $552M in 2017 to $1.3B in 2022.

In 2020, Bulgaria exported services to United States worth $536M, with Computer and information services ($304M), Other business services ($132M), and Communications services ($28.3M) being the largest in terms of value.

United States-Bulgaria Trade: In 2022, United States exported $846M to Bulgaria. The main products that United States exported to Bulgaria were Petroleum Gas ($371M), Petroleum Coke ($52.6M), and Planes, Helicopters, and/or Spacecraft ($38.8M). Over the past 5 years the exports of United States to Bulgaria have increased at an annualized rate of 19.7%,  from $345M in 2017 to $846M in 2022.

In 2017, United States exported services to Bulgaria worth $390M, with Travel ($130M), Transportation ($89M), and Other business services ($63M) being the largest in terms of value.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $1.3B to United States. The main products exported from Bulgaria to United States were Medical Instruments ($121M), Sunflower Seeds ($68M), and Copper Plating ($45.7M). During the last 5 years the exports of Bulgaria to United States have increased at an annualized rate of 18.7%, from $552M in 2017 to $1.3B in 2022.

In 2017, United States exported $846M to Bulgaria. The main products exported from United States to Bulgaria were Petroleum Gas ($371M), Petroleum Coke ($52.6M), and Planes, Helicopters, and/or Spacecraft ($38.8M). During the last 5 years the exports of United States to Bulgaria have increased at an annualized rate of 19.7%, from $345M in 2022 to $846M in 2017.

Exports from Bulgaria (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and United States (Flag)

Bulgaria Exports

United States Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Bulgaria than United States included Romania ($6.55B), Serbia ($1.29B), and North Macedonia ($780M).

In 2022, countries that imported more from United States than Bulgaria included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - United States

Flow
Scale

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

During 2022, Bulgaria had a large net trade with United States in the exports of Machines ($331M), Instruments ($196M), and Chemical Products ($191M).

During 2017, United States had a large net trade with Bulgaria in the exports of Mineral Products ($457M), Machines ($146M), and Transportation ($90.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria United States+$75.2MRefined Petroleum
Top Product Potential United States Bulgaria+$84MPetroleum Gas

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 United States. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and United States (Flag) (2022)

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