Serbia (SRB) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Serbia-Bulgaria In 2022, Serbia exported $937M to Bulgaria. The main products that Serbia exported to Bulgaria are Copper Ore ($147M), Hot-Rolled Iron ($61.1M), and Refined Petroleum ($41.5M). During the last 16 years the exports of Serbia to Bulgaria have increased at an annualized rate of 11.3%, from $169M in 2006 to $937M in 2022.

In 2019, Serbia exported services to Bulgaria worth $111M, with Travel ($31.3M), Other business services ($31.3M), and Transportation ($26.9M) being the largest in terms of value.

Bulgaria-Serbia In 2022, Bulgaria exported $1.29B to Serbia. The main products that Bulgaria exported to Serbia were Electricity ($258M), Refined Petroleum ($105M), and Refined Copper ($96.2M). During the last 16 years the exports of Bulgaria to Serbia have increased at an annualized rate of 6.27%, from $488M in 2006 to $1.29B in 2022.

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

Comparison In 2022, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Bulgaria ranked 37 in the Economic Complexity Index (ECI 0.66), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $937M to Bulgaria. The main products exported from Serbia to Bulgaria were Copper Ore ($147M), Hot-Rolled Iron ($61.1M), and Refined Petroleum ($41.5M). During the last 16 years the exports of Serbia to Bulgaria have increased at an annualized rate of 11.3%, from $169M in 2006 to $937M in 2022.

In 2022, Bulgaria exported $1.29B to Serbia. The main products exported from Bulgaria to Serbia were Electricity ($258M), Refined Petroleum ($105M), and Refined Copper ($96.2M). During the last 16 years the exports of Bulgaria to Serbia have increased at an annualized rate of 6.27%, from $488M in 2006 to $1.29B in 2022.

Exports from Serbia () to Bulgaria () (2022)

Exports from Bulgaria () to Serbia () (2022)

Latest Data

Trade between Serbia () and Bulgaria ()

Serbia Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Bulgaria
Top DestinationGermany$6.91B

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

In 2021, countries that imported more from Serbia than Bulgaria were Bosnia and Herzegovina ($2.14B), Montenegro ($1.15B), and Hungary ($1.69B).

In 2021, countries that imported more from Bulgaria than Serbia were Romania ($6.55B), Germany ($6.91B), and Greece ($2.93B).

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

Comparative Advantage Serbia - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Bulgaria in the exports of Mineral Products ($237M), Metals ($211M), and Foodstuffs ($100M).

During 2022, Bulgaria had a large net trade with Serbia in the exports of Mineral Products ($411M), Metals ($187M), and Chemical Products ($156M).

Service Trade

Bilateral Service Trade

Srb Year

In 2019, Serbia exported services to Bulgaria worth $111M, with Travel ($31.3M), Other business services ($31.3M), and Transportation ($26.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Bulgaria () (2019)

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

About

Historical Data

Bilateral Trade by Products

Exports from Serbia () to Bulgaria () (2022)

Exports from Bulgaria () to Serbia () (2022)

Latest Data

Trade between Serbia () and Bulgaria ()

Serbia Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Serbia - Bulgaria

Service Trade

Bilateral Service Trade

Services Exports from Serbia () to Bulgaria () (2019)

Economic Complexity

Competitive Landscape

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

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