New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $3.27BRnk 37 / 221
2022
Flag → Flag
Top Product $93.5MSilver
2022
Flag → Flag
Exports $3.85BRnk 3 / 206
2022
Flag → Flag
Top Product $706MRefined Copper
2022
Flag
Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
Flag
Economic Complexity (ECI) ECI 0.66Rnk 37 / 124
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Italy-Bulgaria In 2022, Italy exported $3.27B to Bulgaria. The main products that Italy exported to Bulgaria are 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.

Bulgaria-Italy In 2022, Bulgaria exported $3.85B to Italy. The main products that Bulgaria exported 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 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.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Bulgaria ranked 37 in the Economic Complexity Index (ECI 0.66), and 60 in total exports ($51.9B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €166M and imported €269M from Bulgaria, resulting in a negative trade balance of €103M. Between December 2022 and December 2023 the exports of Italy have decreased by €-8.86M (-5.07%) from €175M to €166M, while imports increased by €53.7M (25%) from €215M to €269M.

Trade In December 2023, the top exports of Italy to Bulgaria were Silver (€19M), Cars (€11.1M), Inhalable tobacco/nicotine products (€10.4M), Scrap Copper (€9.6M), and Packaged Medicaments (€9.48M). In December 2023 the top imports of Italy from Bulgaria were Refined Copper (€68.9M), Refined Petroleum (€49.3M), Biodiesel and mixtures thereof (€30.1M), Copper Plating (€8.23M), and Valves (€7.85M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Silk Fabrics (€-1.59M or -85.4%), Sunflower Seeds (€-1.38M or -40%), and Blank Audio Media (€-1.23M or -49%). In December 2023, the increase in Italy's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Refined Petroleum (€30.4M or 160%), Refined Copper (€28.6M or 71%), and Biodiesel and mixtures thereof (€13.8M or 84.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-8.86M(-5.07%)
IMPORT GROWTH (December 2022 - December 2023)€53.7M(25%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Bulgaria and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and Italy Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

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.

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.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Bulgaria
Top DestinationGermany$6.91B

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

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

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

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

Comparative Advantage Italy - Bulgaria

Flow
Scale

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

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

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

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

Services Exports from Bulgaria (Flag) to Italy (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 Italy has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Italy.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms