2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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 GDP
$89BCURRENT US$
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2012-2022
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GDP GROWTH
64%CURRENT US$
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2022
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GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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2022
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GDP PC
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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About

Russia-Bulgaria Trade: In 2022, Russia exported $5.55B to Bulgaria. The main products that Russia exported to Bulgaria were Crude Petroleum ($3.03B), Petroleum Gas ($1.13B), and Refined Petroleum ($614M). Over the past 5 years the exports of Russia to Bulgaria have increased at an annualized rate of 11.2%, from $3.26B in 2017 to $5.55B in 2022.

In 2020, Russia exported services to Bulgaria worth $122M, with Transportation ($52.1M), Other business services ($26.5M), and Computer and information services ($16.3M) being the largest in terms of value.

Bulgaria-Russia Trade: In 2022, Bulgaria exported $512M to Russia. The main products that Bulgaria exported to Russia were Packaged Medicaments ($223M), Chocolate ($19.7M), and Animal Food ($19.7M). Over the past 5 years the exports of Bulgaria to Russia have decreased at an annualized rate of 11.3%,  from $931M in 2017 to $512M in 2022.

In 2020, Bulgaria exported services to Russia worth $239M, with Transportation ($182M), Travel ($33.8M), and Other business services ($12.6M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $5.55B to Bulgaria. The main products exported from Russia to Bulgaria were Crude Petroleum ($3.03B), Petroleum Gas ($1.13B), and Refined Petroleum ($614M). During the last 5 years the exports of Russia to Bulgaria have increased at an annualized rate of 11.2%, from $3.26B in 2017 to $5.55B in 2022.

In 2017, Bulgaria exported $512M to Russia. The main products exported from Bulgaria to Russia were Packaged Medicaments ($223M), Chocolate ($19.7M), and Animal Food ($19.7M). During the last 5 years the exports of Bulgaria to Russia have decreased at an annualized rate of 11.3%, from $931M in 2022 to $512M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from Russia than Bulgaria included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Bulgaria than Russia included Romania ($6.55B), Austria ($989M), and Gibraltar ($552M).

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

Comparative Advantage Russia - Bulgaria

Flow
Scale

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

During 2022, Russia had a large net trade with Bulgaria in the exports of Mineral Products ($5.01B), Metals ($257M), and Chemical Products ($166M).

During 2017, Bulgaria had a large net trade with Russia in the exports of Chemical Products ($279M), Machines ($96.1M), and Foodstuffs ($61.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Bulgaria+$428MPetroleum Gas
Top Product Potential Bulgaria Russia+$24MPackaged 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, Russia exported services to Bulgaria worth $122M, with Transportation ($52.1M), Other business services ($26.5M), and Computer and information services ($16.3M) being the largest in terms of value.

In 2020, Bulgaria exported services to Russia worth $239M, with Transportation ($182M), Travel ($33.8M), and Other business services ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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