Russia (RUS) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Bulgaria (BGR) Trade

2022

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Exports $5.55BRnk 23 / 138

2022

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About

Russia-Bulgaria In 2022, Russia exported $5.55B to Bulgaria. The main products that Russia exported to Bulgaria are Crude Petroleum ($3.03B), Petroleum Gas ($1.13B), and Refined Petroleum ($614M). During the last 26 years the exports of Russia to Bulgaria have increased at an annualized rate of 4.07%, from $1.97B in 1996 to $5.55B in 2022.

In 2020, Russia exported services to Bulgaria worth $122M, with Transportation ($52.1M), Other business services ($26.5M), and Computer and information services ($16.3M) being the largest in terms of value.

Bulgaria-Russia In 2022, Bulgaria exported $512M to Russia. The main products that Bulgaria exported to Russia were Packaged Medicaments ($223M), Chocolate ($19.7M), and Animal Food ($19.7M). During the last 26 years the exports of Bulgaria to Russia have increased at an annualized rate of 0.21%, from $484M in 1996 to $512M in 2022.

In 2020, Bulgaria exported services to Russia worth $239M, with Transportation ($182M), Travel ($33.8M), and Other business services ($12.6M) being the largest in terms of value.

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Bulgaria ranked 37 in the Economic Complexity Index (ECI 0.66), and 60 in total exports ($51.9B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $450M and imported $35.2M from Bulgaria, resulting in a positive trade balance of $415M. Between January 2021 and January 2022 the exports of Russia have increased by $343M (321%) from $107M to $450M, while imports increased by $4.58M (15%) from $30.6M to $35.2M.

Trade In January 2022, the top exports of Russia to Bulgaria were Commodities not elsewhere specified ($45.5M), Crude Petroleum ($27.2M), Refined Petroleum ($10.8M), Raw Aluminium ($5.56M), and Nitrogenous Fertilizers ($3.93M). In January 2022 the top imports of Russia from Bulgaria were Packaged Medicaments ($7.55M), Centrifuges ($2.27M), Gas Turbines ($1.42M), Pulley Systems ($1.14M), and Electric Batteries ($950k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($388M), REPUBLIC OF TATARSTAN ($34.1M), TULA REGION ($7.42M), NOVOSIBIRSK REGION ($2.18M), and TYUMEN REGION ($1.99M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($19.6M), MOSCOW REGION ($3.79M), ST. PETERSBURG ($2.08M), VLADIMIR REGION ($1.51M), and TULA REGION ($1.4M).

Growth In January 2022, the increase in Russia's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Commodities not elsewhere specified ($45.1M or 11.8k%), Coal Briquettes ($2.19M or 145%), and Coke ($1.38M or 425%). In January 2022, the increase in Russia's year-by-year imports from Bulgaria was explained primarily by an increase in product imports in Packaged Medicaments ($4.31M or 133%), Centrifuges ($1.96M or 614%), and Electric Soldering Equipment ($546k or 1.73M%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$343M(321%)

IMPORT GROWTH (January 2021 - January 2022)$4.58M(15%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$388M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $5.55B to Bulgaria. The main products exported from Russia to Bulgaria were Crude Petroleum ($3.03B), Petroleum Gas ($1.13B), and Refined Petroleum ($614M). During the last 26 years the exports of Russia to Bulgaria have increased at an annualized rate of 4.07%, from $1.97B in 1996 to $5.55B in 2022.

In 2022, Bulgaria exported $512M to Russia. The main products exported from Bulgaria to Russia were Packaged Medicaments ($223M), Chocolate ($19.7M), and Animal Food ($19.7M). During the last 26 years the exports of Bulgaria to Russia have increased at an annualized rate of 0.21%, from $484M in 1996 to $512M in 2022.

Exports from Russia () to Bulgaria () (2022)

Exports from Bulgaria () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Bulgaria
Top DestinationGermany$6.91B

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

In 2021, countries that imported more from Russia than Bulgaria were China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2021, countries that imported more from Bulgaria than Russia were Romania ($6.55B), Austria ($989M), and Gibraltar ($552M).

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

Comparative Advantage Russia - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Bulgaria in the exports of Mineral Products ($5.01B), Metals ($257M), and Chemical Products ($166M).

During 2022, Bulgaria had a large net trade with Russia in the exports of Chemical Products ($279M), Machines ($96.1M), and Foodstuffs ($61.5M).

Service Trade

Bilateral Service Trade

Bgr Year

Rus Year

In 2020, Bulgaria exported services to Russia worth $239M, with Transportation ($182M), Travel ($33.8M), and Other business services ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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