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How much of Bulgaria’s trade passes through the Cape of Good Hope?

In 2024, an estimated $9 billion of Bulgaria’s trade passed through the Cape of Good Hope, 14% of its seaborne trade. That is $2.3 billion of exports and $6.7 billion of imports. The partners with the most trade through it are China, Iraq and Indonesia.

Summary

Estimated value
$9billion
Of its seaborne trade
14%
Exports
$2.3billion
Imports
$6.7billion

Trend

Estimated value per year

Bulgaria’s estimated trade through the Cape of Good Hope, 1995–2024

Value in USD billions

  • Bulgaria 9

Source: CEPII BACI

Show the numbers
YearEstimated valueOf its seaborne trade
1995$00%
1996$00%
1997$00%
1998$00%
1999$00%
2000$00%
2001$00%
2002$00%
2003$00%
2004$00%
2005$00%
2006$00%
2007$00%
2008$00%
2009$00%
2010$00%
2011$00%
2012$00%
2013$00%
2014$00%
2015$00%
2016$00%
2017$00%
2018$00%
2019$00%
2020$00%
2021$00%
2022$00%
2023$00%
2024$9 billion14%

Partners whose trade crosses it

Estimated value of its trade with each partner that crosses the chokepoint; the percentage is the share of all its trade through the chokepoint, not of the pair’s trade.

  1. Bulgaria–China$4.4 billion · 49%
  2. Bulgaria–Iraq$821 million · 9.1%
  3. Bulgaria–Indonesia$570 million · 6.3%
  4. Bulgaria–South Korea$356 million · 3.9%
  5. Bulgaria–India$332 million · 3.7%
  6. Bulgaria–Thailand$286 million · 3.2%
  7. Bulgaria–Vietnam$276 million · 3%
  8. Bulgaria–Singapore$258 million · 2.9%
  9. Bulgaria–Japan$241 million · 2.7%
  10. Bulgaria–Bangladesh$184 million · 2%

What crosses it

The products with the highest estimated value in 2024, with their share of the total through the chokepoint.

  1. Copper ore$857 million · 9.5%
  2. Crude petroleum$588 million · 6.5%
  3. Refined petroleum$302 million · 3.4%
  4. Wheat$247 million · 2.7%
  5. Air conditioners$213 million · 2.4%
  6. Batteries$163 million · 1.8%
  7. Cars$161 million · 1.8%

Reference ports

Varna (100%)

Each port with the weight it receives from the country’s trade, based on where its GDP is generated and which coast is closest.

Sources and method

Sources and licenses

Methodology

We estimate the value crossing each chokepoint from BACI trade that travels by sea according to our mode heuristic, split between each country’s ports by where its GDP is generated and which coast is closest, and routed over our own sea network. It is an estimate, not a count of ships. It covers 99.9% of seaborne trade. The approach follows Verschuur, Lumma and Hall (Nature Communications, 2025). Data up to 2024.

All maritime chokepoints