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2022
Flag → Flag
Exports $149MRnk 48 / 208
2022
Flag → Flag
Top Product $19.2MCopper Ore
2022
Flag → Flag
Exports $148MRnk 47 / 206
2022
Flag → Flag
Top Product $17.3MCorn
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Portugal-Bulgaria Trade: In 2022, Portugal exported $149M to Bulgaria. The main products that Portugal exported to Bulgaria were Copper Ore ($19.2M), Insulated Wire ($15.8M), and Pesticides ($6.73M). Over the past 5 years the exports of Portugal to Bulgaria have increased at an annualized rate of 10.1%, from $92M in 2017 to $149M in 2022.

In 2020, Portugal exported services to Bulgaria worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Bulgaria-Portugal Trade: In 2022, Bulgaria exported $148M to Portugal. The main products that Bulgaria exported to Portugal were Corn ($17.3M), Wheat ($7.84M), and Electrical Control Boards ($7.82M). Over the past 5 years the exports of Bulgaria to Portugal have increased at an annualized rate of 0.55%,  from $144M in 2017 to $148M in 2022.

In 2020, Bulgaria exported services to Portugal worth $13.8M, with Transportation ($6.05M), Travel ($4.34M), and Other business services ($1.6M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). 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, Portugal exported €16.6M and imported €8.66M from Bulgaria, resulting in a positive trade balance of €7.94M. Between June 2023 and June 2024 the exports of Portugal have increased by €5.97M (56.2%) from €10.6M to €16.6M, while imports decreased by €-9.12M (-51.3%) from €17.8M to €8.66M.

Trade In June 2024, the top exports of Portugal to Bulgaria were N/A. In June 2024 the top imports of Portugal from Bulgaria were Machinery, mechanical appliances, & parts (€1.62M), Electrical machinery and electronics (€1.26M), Miscellaneous metal products (€895k), Cars, tractors, trucks & parts thereof. (€559k), and Aluminum articles (€461k).

Growth In June 2024, the increase in Portugal's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Tools & cutlery (€1.06M or 13.2k%), Paper articles (€1.01M or 1.9k%), and Electrical machinery and electronics (€546k or 44.2%). In June 2024, the decrease in Portugal's year-by-year imports  from Bulgaria was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-681k or -35.2%), Glass & glassware (€-236k or -66.7%), and Optical, photo, & film equipment; medical... (€-168k or -40.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€5.97M(56.2%)
IMPORT GROWTH (June 2023 - June 2024)€-9.12M(-51.3%)

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

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

For full datasets download visit Bulk Download page.

Explore Bulgaria and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $149M to Bulgaria. The main products exported from Portugal to Bulgaria were Copper Ore ($19.2M), Insulated Wire ($15.8M), and Pesticides ($6.73M). During the last 5 years the exports of Portugal to Bulgaria have increased at an annualized rate of 10.1%, from $92M in 2017 to $149M in 2022.

In 2017, Bulgaria exported $148M to Portugal. The main products exported from Bulgaria to Portugal were Corn ($17.3M), Wheat ($7.84M), and Electrical Control Boards ($7.82M). During the last 5 years the exports of Bulgaria to Portugal have increased at an annualized rate of 0.55%, from $144M in 2022 to $148M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Portugal than Bulgaria included Spain ($20.5B), France ($9.49B), and United States ($5.66B).

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

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

Comparative Advantage Portugal - Bulgaria

Flow
Scale

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

During 2022, Portugal had a large net trade with Bulgaria in the exports of Machines ($38M), Mineral Products ($19.6M), and Chemical Products ($15.4M).

During 2017, Bulgaria had a large net trade with Portugal in the exports of Machines ($46.4M), Vegetable Products ($26.4M), and Metals ($19.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Bulgaria+$3.02MPackaged Medicaments
Top Product Potential Bulgaria Portugal+$5.04MRefined Petroleum

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, Portugal exported services to Bulgaria worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

In 2020, Bulgaria exported services to Portugal worth $13.8M, with Transportation ($6.05M), Travel ($4.34M), and Other business services ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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