Bulgaria (BGR) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Bulgaria-Italy In 2022, Bulgaria exported $3.85B to Italy. The main products that Bulgaria exported to Italy are Refined Copper ($706M), Industrial Fatty Acids, Oils and Alcohols ($267M), and Seed Oils ($145M). During the last 27 years the exports of Bulgaria to Italy have increased at an annualized rate of 8.01%, from $480M in 1995 to $3.85B in 2022.

In 2020, Bulgaria exported services to Italy worth $189M, with Transportation ($99.4M), Travel ($41.7M), and Other business services ($28.6M) being the largest in terms of value.

Italy-Bulgaria In 2022, Italy exported $3.27B to Bulgaria. The main products that Italy exported to Bulgaria were Silver ($93.5M), Cars ($89.8M), and Packaged Medicaments ($86.8M). During the last 27 years the exports of Italy to Bulgaria have increased at an annualized rate of 7.88%, from $421M in 1995 to $3.27B in 2022.

In 2020, Italy exported services to Bulgaria worth $221M, with Transportation ($67.3M), Travel ($53.1M), and Other business services ($47.1M) being the largest in terms of value.

Comparison In 2022, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $3.85B to Italy. The main products exported from Bulgaria to Italy were Refined Copper ($706M), Industrial Fatty Acids, Oils and Alcohols ($267M), and Seed Oils ($145M). During the last 27 years the exports of Bulgaria to Italy have increased at an annualized rate of 8.01%, from $480M in 1995 to $3.85B in 2022.

In 2022, Italy exported $3.27B to Bulgaria. The main products exported from Italy to Bulgaria were Silver ($93.5M), Cars ($89.8M), and Packaged Medicaments ($86.8M). During the last 27 years the exports of Italy to Bulgaria have increased at an annualized rate of 7.88%, from $421M in 1995 to $3.27B in 2022.

Exports from Bulgaria () to Italy () (2022)

Exports from Italy () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Italy ()

Bulgaria Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Italy
Top DestinationGermany$78.5B

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

In 2021, countries that imported more from Bulgaria than Italy were North Macedonia ($780M), Namibia ($203M), and British Indian Ocean Territory ($9.6k).

In 2021, countries that imported more from Italy than Bulgaria were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Italy in the exports of Metals ($1.16B), Machines ($606M), and Textiles ($445M).

During 2022, Italy had a large net trade with Bulgaria in the exports of Machines ($740M), Metals ($445M), and Textiles ($418M).

Service Trade

Bilateral Service Trade

Ita Year

Bgr Year

In 2020, Bulgaria exported services to Italy worth $189M, with Transportation ($99.4M), Travel ($41.7M), and Other business services ($28.6M) being the largest in terms of value.

In 2020, Italy exported services to Bulgaria worth $221M, with Transportation ($67.3M), Travel ($53.1M), and Other business services ($47.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to Italy () (2020)

Services Exports from Italy () to Bulgaria () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Bulgaria has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Bulgaria.

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Italy () (2022)

Exports from Italy () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Italy ()

Bulgaria Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Italy

Service Trade

Bilateral Service Trade

Services Exports from Bulgaria () to Italy () (2020)

Services Exports from Italy () to Bulgaria () (2020)

Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Italy () (2022)

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