2023
Exports
$1.2BWorld Rnk 31 / 214
Flag Rnk 5 / 1207
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.69BWorld Rnk 40 / 226
Flag Rnk 4 / 1210
2023
ECONOMIC COMPLEXITY of Bulgaria
0.69Rnk 38 / 132

About

Exports In 2023, Bulgaria exported $1.2B in Packaged Medicaments, making it the 31st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most exported product in Bulgaria. The main destination of Packaged Medicaments exports from Bulgaria are: Russia ($262M), Romania ($115M), Germany ($103M), United Kingdom ($52.8M), and Netherlands ($50.7M).

The fastest growing export markets for Packaged Medicaments of Bulgaria between 2022 and 2023 were Russia ($39.1M), Romania ($18.8M), and United Kingdom ($14M).

Imports In 2023, Bulgaria imported $1.69B in Packaged Medicaments, becoming the 40th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Bulgaria. Bulgaria imports Packaged Medicaments primarily from: Germany ($343M), Hungary ($270M), Slovenia ($140M), Netherlands ($118M), and Austria ($110M).

The fastest growing import markets in Packaged Medicaments for Bulgaria between 2022 and 2023 were Hungary ($176M), Germany ($67.4M), and Romania ($41M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.2B
IMPORTS (2023)$1.69B
NET TRADE (2023)-$482M

In 2023, Bulgaria exported $1.2B in Packaged Medicaments. The main destinations of Bulgaria exports on Packaged Medicaments were Russia ($262M), Romania ($115M), Germany ($103M), United Kingdom ($52.8M), and Netherlands ($50.7M).

In 2023, Bulgaria imported $1.69B in Packaged Medicaments, mainly from Germany ($343M), Hungary ($270M), Slovenia ($140M), Netherlands ($118M), and Austria ($110M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Bulgaria WERE (2022 - 2023):
Russia$39.1M (17.6%)
Romania$18.8M (19.6%)
United Kingdom$14M (36.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Bulgaria WERE (2022 - 2023):
Ireland-$4.52M (-29.7%)
Malta-$4.48M (-95.5%)
Albania-$4.4M (-74.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bulgaria's main exporting competitors in Packaged Medicaments were:
In 2023, Bulgaria's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $69.1M
TOP IMPORT POTENTIALGermany+ $62.7M

Packaged Medicaments’s highest export potential is Germany. With an export gap of $69.1M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $62.7M.

See methodology.

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