Trade Trend

In 2023, Bulgaria's total export value is 47.76Billion USD, total import value is 53.53Billion USD, Deficit is -5.77Billion USD, and foreign trade dependency is 0.997. In 2023，Bulgaria's top export products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(2.67Billion USD), Wheat and meslin(1.68Billion USD), None(1.68Billion USD), top export destinations are Germany(6.53Billion USD), Romania(4.41Billion USD), Italy(3.44Billion USD). In 2023, Bulgaria's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(3.13Billion USD), Copper ores and concentrates(1.94Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.74Billion USD), top import origins are Germany(6.63Billion USD), Turkey(4.40Billion USD), Romania(3.64Billion USD).

Comparing to 2022, Bulgaria's total export value decreased -2.17Billion USD(-4.34%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-1.27Billion USD or -32.20%), Sunflower seed, safflower or cottonseed oil and their fractions; whether or not refined, but not chemically modified(-805.81Million USD or -48.55%), Petroleum gases and other gaseous hydrocarbons(-562.82Million USD or -69.47%) and export decreases to countries/economics such as Romania(-662.36Million USD or -13.07%), Greece(-608.83Million USD or -18.70%), Germany(-506.90Million USD or -7.20%). Comparing to 2022, Bulgaria's total import value decreased -4.43Billion USD(-7.64%) in 2023, this could result from its import decreases of products such as Petroleum gases and other gaseous hydrocarbons(-2.32Billion USD or -69.13%), Petroleum oils and oils obtained from bituminous minerals; crude(-987.70Million USD or -23.97%), Sunflower seeds; whether or not broken(-621.02Million USD or -61.77%), and its import decreases from countries/economies such as Russia(-2.80Billion USD or -44.38%), Greece(-1.06Billion USD or -31.07%), Ukraine(-768.86Million USD or -42.17%).

Cumulated to first 7 months of 2024, Bulgaria's total export value is 15.46Billion USD, total import value is 18.49Billion USD, and tradedeficit is -3.03Billion USD. Cumulated to first 7 months of 2024, Bulgaria's top export products are Commodities not specified according to kind(2.62Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.02Billion USD), Copper; refined and copper alloys, unwrought(513.23Million USD), and top export destinations are None(2.62Billion USD), Germany(1.66Billion USD), Romania(926.71Million USD). Cumulated to first 7 months of 2024, Bulgaria's top import products are Commodities not specified according to kind(2.62Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.02Billion USD), Copper; refined and copper alloys, unwrought(513.23Million USD), and top import origins areNone(2.80Billion USD), Turkey(1.63Billion USD), Germany(1.55Billion USD).