Bulgària: Visió econòmica i política
Since joining the European Union, Bulgaria has experienced considerable growth in trade, despite a large trade imbalance and recurring deficits. The country is very open to foreign trade, which represents 138% of its GDP (World Bank, latest data available). Bulgaria mainly exports manufactured goods classified chiefly by material (21.5%), machinery and transport equipment (20.6%), miscellaneous manufactured articles (13.6%), chemical and related products (11.8%), mineral fuel, lubricants, and related materials (11.5%); while imports are led by machinery and transport equipment (26.5%), mineral fuel, lubricants, and related materials (16.8%), manufactured goods classified chiefly by material (16.0%), chemical and related products (14.1%), crude materials, inedible (except fuel, 8.9% - data INS).
Bulgaria’s main export destinations in 2022 were Germany (14.1%), Romania (10.2%), Italy (7.5%), Greece (6.5%), and Turkey (6%); whereas imports came chiefly from Russia (12.2%), Germany, and Turkey (10.8% each), Romania (8.4%), Italy (6.8%), and Greece (6%). Overall, the EU accounted for 65.2% and 55.2% of total exports and imports, respectively (data INS).
According to the latest figures from WTO, in 2022 exports of goods rose by 22%, at USD 50.2 billion, with imports increasing at a faster pace (+25.6%), totaling USD 58 billion. The country has a structural trade deficit; however, it is a net service exporter: it exported USD 12.5 billion worth of services, importing only USD 6.9 billion in 2022. Preliminary data by the National Statistical Institute show that in 2023, exports of goods from Bulgaria to third countries saw a decline of 2.9%, totaling BGN 31.38 billion. Meanwhile, imports of goods plummeted by 19.7%, reaching a total of BGN 38.76 billion.
Foreign Trade Values | 2019 | 2020 | 2021 | 2022 | 2023 |
Imports of Goods (million USD) | 37,663 | 35,056 | 46,210 | 57,959 | 53,551 |
Exports of Goods (million USD) | 33,340 | 31,954 | 41,157 | 49,925 | 47,854 |
Imports of Services (million USD) | 5,981 | 4,776 | 5,951 | 7,317 | 7,871 |
Exports of Services (million USD) | 11,460 | 8,376 | 10,899 | 12,778 | 15,043 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2018 | 2019 | 2020 | 2021 | 2022 |
Foreign Trade (in % of GDP) | 128.9 | 124.6 | 110.3 | 121.0 | 136.3 |
Trade Balance (million USD) | -3,201 | -3,256 | -2,256 | -3,379 | -5,098 |
Trade Balance (Including Service) (million USD) | 1,612 | 2,199 | 1,344 | 1,443 | 459 |
Imports of Goods and Services (Annual % Change) | 5.8 | 5.2 | -4.3 | 10.9 | 10.5 |
Exports of Goods and Services (Annual % Change) | 1.7 | 4.0 | -10.4 | 11.0 | 8.3 |
Imports of Goods and Services (in % of GDP) | 63.2 | 60.7 | 54.2 | 59.6 | 67.7 |
Exports of Goods and Services (in % of GDP) | 65.7 | 63.9 | 56.1 | 61.3 | 68.5 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2023 | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 3.3 | 3.5 | 3.7 | 3.4 | 3.1 |
Volume of imports of goods and services (Annual % change) | 2.0 | 4.4 | 6.5 | 2.6 | 3.0 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
For further information, please consult the website of the Ministry of Economy of Bulgaria.
Main Customers (% of Exports) |
2023 |
Germany | 13.7% |
Romania | 9.2% |
Türkiye | 5.8% |
Greece | 5.5% |
France | 3.3% |
Belgium | 3.1% |
Spain | 2.6% |
Serbia | 2.5% |
United States | 2.4% |
Poland | 2.3% |
China | 2.3% |
Austria | 2.1% |
Netherlands | 2.0% |
North Macedonia | 1.9% |
Ukraine | 1.9% |
Czech Republic | 1.9% |
Egypt | 1.7% |
United Kingdom | 1.6% |
Hungary | 1.3% |
Algeria | 1.2% |
See More Countries | 62.5% |
Main Suppliers (% of Imports) |
2023 |
Germany | 12.4% |
Türkiye | 8.2% |
Romania | 6.8% |
Russia | 6.6% |
China | 5.4% |
Greece | 4.4% |
Netherlands | 4.1% |
Poland | 3.9% |
Hungary | 3.5% |
Czech Republic | 2.8% |
France | 2.7% |
Austria | 2.7% |
Belgium | 2.2% |
Serbia | 2.2% |
Ukraine | 2.0% |
Spain | 1.9% |
Slovakia | 1.2% |
North Macedonia | 1.1% |
United States | 1.1% |
Slovenia | 0.9% |
See More Countries | 60.6% |
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import-Export Flows.
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Actualitzacions: April 2024
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