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Trade between Bulgaria and Ukraine

In 2024, Bulgaria exported $589 million to Ukraine and imported $1.3 billion. Bulgaria ran a deficit of $675 million with Ukraine, compared with a deficit of $185 million in 2019. Ukraine was Bulgaria’s 14th largest trading partner (2% of its trade), and Bulgaria was Ukraine’s 18th (2%).

Summary

Bulgaria → Ukraine
$589million
Ukraine → Bulgaria
$1.3billion
Bulgaria’s balance
-$675million

Balance

Bulgaria’s trade balance with Ukraine

Trade between Bulgaria and Ukraine grew 5.9-fold since 1996

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

  • Exports 0.6
  • Imports 1.3
  • Balance -0.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$159 million$154 million$5 million
1997$152 million$195 million-$43 million
1998$143 million$251 million-$108 million
1999$104 million$185 million-$82 million
2000$64 million$279 million-$215 million
2001$62 million$261 million-$199 million
2002$63 million$277 million-$213 million
2003$71 million$326 million-$255 million
2004$80 million$603 million-$522 million
2005$98 million$706 million-$609 million
2006$130 million$771 million-$640 million
2007$231 million$710 million-$478 million
2008$256 million$1.2 billion-$989 million
2009$155 million$498 million-$343 million
2010$236 million$1.1 billion-$818 million
2011$299 million$1.3 billion-$965 million
2012$278 million$794 million-$516 million
2013$364 million$763 million-$399 million
2014$247 million$698 million-$451 million
2015$233 million$517 million-$284 million
2016$179 million$472 million-$293 million
2017$197 million$539 million-$342 million
2018$251 million$564 million-$314 million
2019$428 million$612 million-$185 million
2020$300 million$663 million-$363 million
2021$502 million$991 million-$489 million
2022$1.1 billion$1.8 billion-$660 million
2023$928 million$1.1 billion-$173 million
2024$589 million$1.3 billion-$675 million

What they sell each other

What Bulgaria sells to Ukraine

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

  1. Mixed fertilizers$138 million · 23.5%
    241 thousand tonnes
  2. 1 thousand tonnes · Ukraine’s sources
  3. Nitrogen fertilizers$35 million · 6%
    103 thousand tonnes
  4. Refined petroleum$33 million · 5.7%
    35 thousand tonnes · Bulgaria’s destinations
  5. Float glass$28 million · 4.7%
    74 thousand tonnes
  6. Batteries$23 million · 3.8%
    3 thousand tonnes
  7. Plastic sheets and film$22 million · 3.7%
    10 thousand tonnes
  8. Detergents and surfactants$15 million · 2.6%
    10 thousand tonnes
  9. 2 thousand tonnes
  10. 12 thousand tonnes

What Ukraine sells to Bulgaria

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

  1. Semi-finished steel$262 million · 20.7%
    574 thousand tonnes
  2. 282 thousand tonnes
  3. Hot-rolled flat steel$209 million · 16.6%
    355 thousand tonnes
  4. Cane and beet sugar$66 million · 5.2%
    82 thousand tonnes
  5. Rapeseed (canola)$31 million · 2.4%
    29 thousand tonnes · Ukraine’s destinations
  6. Railway parts$25 million · 2%
    15 thousand tonnes
  7. Fuses, detonators and caps$23 million · 1.8%
    11 tonnes
  8. Cold-rolled flat steel$22 million · 1.8%
    30 thousand tonnes
  9. Chocolate$19 million · 1.5%
    4 thousand tonnes
  10. Corn$17 million · 1.4%
    46 thousand tonnes · Ukraine’s destinations

How it travels

Estimated sea route from Varna to Odesa.

The estimated sea route between Varna and Odesa is 252 nautical miles (467 km) long: ≈ 0.5–1 day at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.7 billion · 94.1%
  2. Air$110 million · 5.9%

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

How much each matters to the other

Ukraine was Bulgaria’s 14th largest trading partner (2% of its trade), and Bulgaria was Ukraine’s 18th (2%).

Ukraine in Bulgaria’s trade
1.8%
Ukraine’s rank among Bulgaria’s partners
14th
Bulgaria in Ukraine’s trade
1.6%
Bulgaria’s rank among Ukraine’s partners
18th

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.