2022
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GDP
$3.39TCURRENT US$
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2012-2022
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GDP GROWTH
85.2%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$
Rnk 37 / 186
2022
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GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
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$
Rnk 13 / 186

About

India-Bulgaria In 2022, India exported $282M to Bulgaria. The main products that India exported to Bulgaria are Nitrogen Heterocyclic Compounds ($23.9M), Other Large Iron Pipes ($17.6M), and Hot-Rolled Iron ($15.8M). During the last 27 years the exports of India to Bulgaria have increased at an annualized rate of 14.9%, from $6.61M in 1995 to $282M in 2022.

In 2022, India did not export any services to Bulgaria.

Bulgaria-India In 2022, Bulgaria exported $393M to India. The main products that Bulgaria exported to India were Seed Oils ($205M), Nitrogenous Fertilizers ($56.3M), and Carbonates ($13.3M). During the last 27 years the exports of Bulgaria to India have increased at an annualized rate of 9.57%, from $33.3M in 1995 to $393M in 2022.

In 2020, Bulgaria exported services to India worth $14.3M, with Travel ($3.77M), Other business services ($3.43M), and Transportation ($2.86M) being the largest in terms of value.

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $282M to Bulgaria. The main products exported from India to Bulgaria were Nitrogen Heterocyclic Compounds ($23.9M), Other Large Iron Pipes ($17.6M), and Hot-Rolled Iron ($15.8M). During the last 27 years the exports of India to Bulgaria have increased at an annualized rate of 14.9%, from $6.61M in 1995 to $282M in 2022.

In 2022, Bulgaria exported $393M to India. The main products exported from Bulgaria to India were Seed Oils ($205M), Nitrogenous Fertilizers ($56.3M), and Carbonates ($13.3M). During the last 27 years the exports of Bulgaria to India have increased at an annualized rate of 9.57%, from $33.3M in 1995 to $393M in 2022.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Bulgaria
Top Destination
Germany$6.91B

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

In 2021, countries that imported more from India than Bulgaria were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Bulgaria than India were Romania ($6.55B), Greece ($2.93B), and Serbia ($1.29B).

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

Comparative Advantage India - Bulgaria

Flow
Scale

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

During 2022, India had a large net trade with Bulgaria in the exports of Metals ($83.3M), Chemical Products ($60.3M), and Textiles ($31M).

During 2022, Bulgaria had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($205M), Chemical Products ($82.2M), and Machines ($41.9M).

Service Trade

Bilateral Service Trade

In 2020, Bulgaria exported services to India worth $14.3M, with Travel ($3.77M), Other business services ($3.43M), and Transportation ($2.86M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

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 India has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over India.

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

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