Bulgaria-Germany Bilateral Trade Analysis 2023
Complete trade statistics: $12.80B total volume •Bulgaria surplus: $573.24M
Bulgaria → Germany
$6.69B
Exports (2023)
Germany → Bulgaria
$6.11B
Imports (2023)
Trade Balance
$573.24M
Surplus for Bulgaria
Total Trade
$12.80B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bulgaria and Germany. Green line shows exports from Bulgaria, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bulgaria-Germany commercial relationship and competitive positioning in global markets.
Bulgaria → Germany Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bulgaria's export portfolio to Germany demonstrates strong diversification across multiple sectors, with precious metal ores and concentrates: (excluding silver) representing a key competitive advantage in this bilateral market.
Germany → Bulgaria Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bulgaria's import pattern from Germany reveals strategic sourcingin medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bulgaria demonstrates competitive strength in exportingprecious metal ores and concentrates: (excluding silver) to Germany, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $12.80B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bulgaria-Germany Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $12.80 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Bulgaria maintains a surplus of $573.24 million
- Export Focus: Bulgaria's primary exports include precious metal ores and concentrates: (excluding silver), waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds, motorcycles (including mopeds) and cycles: fitted with auxiliary motor, with electric motor for propulsion, with or without side-cars: side-cars
- Import Dependencies: Key imports from Germany include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $12.80B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Bulgaria leveraging its comparative advantages in precious metal ores and concentrates: (excluding silver).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Bulgaria's specialization in precious metal ores and concentrates: (excluding silver)complements Germany's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $12.80B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $12.80B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $12.80 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in precious metal ores and concentrates: (excluding silver) and medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bulgaria's trade surplus of $573.24 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Bulgaria and Germany represents a total trade volume of $12.80 billion in 2023. This partnership demonstrates a favorable trade balance for Bulgaria, with exports exceeding importsby $573.24 million.
Export Strengths
Bulgaria's exports to Germany total $6.69 billion, with competitive advantages in precious metal ores and concentrates: (excluding silver), representing $785.22M or11.7% of bilateral exports.
Import Dependencies
Imports from Germany amount to $6.11 billion, highlighting economic interdependence in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale comprising4.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Bulgaria's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Bulgaria and Germany in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023