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2022
Flag → Flag
Exports $282MRnk 111 / 217
2022
Flag → Flag
Top Product $23.9MNitrogen Heterocyclic Compounds
2022
Flag → Flag
Exports $393MRnk 28 / 206
2022
Flag → Flag
Top Product $205MSeed Oils
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

India-Bulgaria Trade: In 2022, India exported $282M to Bulgaria. The main products that India exported to Bulgaria were Nitrogen Heterocyclic Compounds ($23.9M), Other Large Iron Pipes ($17.6M), and Hot-Rolled Iron ($15.8M). Over the past 5 years the exports of India to Bulgaria have increased at an annualized rate of 10.9%, from $169M in 2017 to $282M in 2022.

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

Bulgaria-India Trade: In 2022, Bulgaria exported $393M to India. The main products that Bulgaria exported to India were Seed Oils ($205M), Nitrogenous Fertilizers ($56.3M), and Carbonates ($13.3M). Over the past 5 years the exports of Bulgaria to India have increased at an annualized rate of 19.9%,  from $159M in 2017 to $393M in 2022.

In 2020, Bulgaria exported services to India worth $14.3M, with Travel ($3.77M), Other business services ($3.43M), and Transportation ($2.86M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $20.7M and imported $14.7M from Bulgaria, resulting in a positive trade balance of $5.95M. Between June 2023 and June 2024 the exports of India have increased by $5.31M (34.6%) from $15.4M to $20.7M, while imports increased by $5.26M (55.6%) from $9.46M to $14.7M.

Trade In June 2024, the top exports of India to Bulgaria were Residul Chemicl And Alled Prod ($3.09M), Indl. Machnry For Dairy Etc ($1.26M), Auto Tyres And Tubes ($1.14M), Electronics Instruments ($1.11M), and Iron And Steel ($1.03M). In June 2024 the top imports of India from Bulgaria were Vegetable Oils ($119M), Medical And Scientific Instrum ($1.86M), Aluminium, Products Of Aluminm ($828k), Inorganic Chemicals ($732k), and Pumps Of All Types ($554k).

Growth In June 2024, the increase in India's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Indl. Machnry For Dairy Etc ($1.17M or 1.27k%), Electronics Instruments ($1.04M or 1.39k%), and Organic Chemicals ($237k or 1.26k%). In June 2024, the increase in India's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Vegetable Oils ($95.3M or 410%), Medical And Scientific Instrum ($397k or 27.2%), and Electric Machinery And Equipme ($305k or 154%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)$5.31M(34.6%)
IMPORT GROWTH (June 2023 - June 2024)$5.26M(55.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $282M to Bulgaria. The main products exported from India to Bulgaria were Nitrogen Heterocyclic Compounds ($23.9M), Other Large Iron Pipes ($17.6M), and Hot-Rolled Iron ($15.8M). During the last 5 years the exports of India to Bulgaria have increased at an annualized rate of 10.9%, from $169M in 2017 to $282M in 2022.

In 2017, Bulgaria exported $393M to India. The main products exported from Bulgaria to India were Seed Oils ($205M), Nitrogenous Fertilizers ($56.3M), and Carbonates ($13.3M). During the last 5 years the exports of Bulgaria to India have increased at an annualized rate of 19.9%, from $159M in 2022 to $393M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from India than Bulgaria included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Bulgaria

Flow
Scale

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

During 2022, India had a large net trade with Bulgaria in the exports of Metals ($83.3M), Chemical Products ($60.3M), and Textiles ($31M).

During 2017, Bulgaria had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($205M), Chemical Products ($82.2M), and Machines ($41.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Bulgaria+$20.3MPackaged Medicaments
Top Product Potential Bulgaria India+$27.1MNitrogenous Fertilizers

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 India worth $14.3M, with Travel ($3.77M), Other business services ($3.43M), and Transportation ($2.86M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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