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Trade between Bulgaria and Serbia

In 2024, Bulgaria exported $900 million to Serbia and imported $1.1 billion. Bulgaria ran a deficit of $234 million with Serbia, compared with a deficit of $101 million in 2019. Serbia was Bulgaria’s 12th largest trading partner (2% of its trade), and Bulgaria was Serbia’s 12th (3%).

Summary

Bulgaria → Serbia
$900million
Serbia → Bulgaria
$1.1billion
Bulgaria’s balance
-$234million

Balance

Bulgaria’s trade balance with Serbia

Trade between Bulgaria and Serbia grew 6.1-fold since 1996

USD billions (current). Bulgaria’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.9
  • Imports 1.1
  • Balance -0.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$260 million$74 million$186 million
1997$157 million$49 million$108 million
1998$102 million$44 million$58 million
1999$181 million$20 million$161 million
2000$364 million$28 million$335 million
2001$169 million$25 million$144 million
2002$128 million$31 million$97 million
2003$162 million$34 million$129 million
2004$263 million$62 million$201 million
2005$264 million$86 million$178 million
2006$460 million$221 million$239 million
2007$678 million$249 million$429 million
2008$855 million$299 million$556 million
2009$489 million$227 million$262 million
2010$567 million$263 million$304 million
2011$557 million$365 million$192 million
2012$547 million$328 million$219 million
2013$476 million$360 million$116 million
2014$444 million$419 million$25 million
2015$379 million$412 million-$32 million
2016$388 million$459 million-$71 million
2017$500 million$709 million-$209 million
2018$584 million$766 million-$181 million
2019$625 million$726 million-$101 million
2020$558 million$722 million-$164 million
2021$788 million$942 million-$154 million
2022$1.2 billion$1 billion$145 million
2023$995 million$1.2 billion-$222 million
2024$900 million$1.1 billion-$234 million

What they sell each other

What Bulgaria sells to Serbia

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$156 million · 17.4%
    196 thousand tonnes · Bulgaria’s destinations
  2. Copper ore$68 million · 7.6%
    30 thousand tonnes
  3. Electricity$40 million · 4.5%
  4. Ammonia$32 million · 3.5%
    49 thousand tonnes
  5. Bread, biscuits and pastries$19 million · 2.1%
    5 thousand tonnes
  6. Compounded rubber$17 million · 1.9%
    6 thousand tonnes
  7. Polypropylene$15 million · 1.7%
    13 thousand tonnes
  8. Plastic packaging$15 million · 1.6%
    4 thousand tonnes
  9. Unwrought zinc$15 million · 1.6%
    4 thousand tonnes
  10. Glass bottles and jars$14 million · 1.5%
    23 thousand tonnes

What Serbia sells to Bulgaria

The top 10 headings in 2024, with their share of the total.

  1. Refined copper$153 million · 13.5%
    17 thousand tonnes
  2. Electricity$140 million · 12.3%
  3. Refined petroleum$44 million · 3.9%
    56 thousand tonnes
  4. Copper ore$39 million · 3.4%
    24 thousand tonnes · Serbia’s destinations
  5. Ferrous scrap$31 million · 2.7%
    85 thousand tonnes
  6. Copper scrap$29 million · 2.5%
    3 thousand tonnes
  7. Hot-rolled flat steel$29 million · 2.5%
    39 thousand tonnes
  8. Soft drinks$28 million · 2.5%
    29 thousand tonnes
  9. Ice cream$27 million · 2.4%
    8 thousand tonnes
  10. Unwrought lead$26 million · 2.3%
    11 thousand tonnes

How it travels

Bulgaria and Serbia traded $2 billion in 2024 (both directions together). They trade mostly over land: 100% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Land$2 billion · 100%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Serbia was Bulgaria’s 12th largest trading partner (2% of its trade), and Bulgaria was Serbia’s 12th (3%).

Serbia in Bulgaria’s trade
2%
Serbia’s rank among Bulgaria’s partners
12th
Bulgaria in Serbia’s trade
2.7%
Bulgaria’s rank among Serbia’s partners
12th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.