In 2024, Bulgaria exported goods valued at approximately US$46.6 billion worldwide, marking a 46.2% increase compared to US$31.9 billion recorded in 2020. Despite this strong multi-year growth, Bulgarian exports experienced a 2.6% year-over-year decline, down from US$47.9 billion in 2023.

Bulgaria's five most important export destinations—Germany, Romania, Italy, Türkiye, and Poland—collectively represented 44.3% of total export revenue, highlighting their central role in Bulgaria's international trade network.

From a geographical perspective, Europe remained Bulgaria's dominant export region, receiving 76.6% of shipments by value in 2024. Asia accounted for 15.5%, while Africa absorbed 4.2%. Smaller export shares went to North America (3%), Latin America excluding Mexico but including the Caribbean (0.4%), and Oceania (0.2%), led mainly by Australia and New Zealand.

Since joining the European Union on January 1, 2007, Bulgaria has strengthened intra-European trade ties. In 2024, fellow EU member states generated 64.7% of the country's total export earnings.

Top 25 Destinations for Bulgarian Exports in 2024

The following countries were the leading buyers of Bulgarian goods by export value, along with their respective shares of total exports:

· Germany: US$7.1 billion (15.2%)

· Romania: US$4.6 billion (9.9%)

· Italy: US$3.24 billion (6.9%)

· Türkiye: US$3.19 billion (6.8%)

· Poland: US$2.5 billion (5.4%)

· Greece: US$2.4 billion (5.2%)

· France: US$1.6 billion (3.4%)

· Czech Republic: US$1.3 billion (2.9%)

· Serbia: US$1.2 billion (2.5%)

· United States: US$1.1 billion (2.4%)

· Belgium: US$1 billion (2.2%)

· Spain: US$906.4 million (1.9%)

· North Macedonia: US$860.6 million (1.8%)

· Netherlands: US$829.6 million (1.8%)

· Mainland China: US$816.7 million (1.8%)

· Austria: US$734.4 million (1.6%)

· Egypt: US$712.5 million (1.5%)

· United Kingdom: US$698.2 million (1.5%)

· Hungary: US$637.1 million (1.4%)

· Gibraltar: US$591.7 million (1.3%)

· Ukraine: US$567.4 million (1.2%)

· Algeria: US$565.5 million (1.2%)

· Croatia: US$552.6 million (1.2%)

· Slovakia: US$548.7 million (1.2%)

· Georgia: US$423.2 million (0.9%)

Together, these 25 markets absorbed 83.1% of Bulgaria's total exports in 2024.

Export Growth and Decline Trends

Countries showing the most rapid growth in imports from Bulgaria between 2023 and 2024 included Gibraltar (+218.3%), Poland (+122.5%), Croatia (+59.7%), Czech Republic (+47.2%), Georgia (+35.8%), and Türkiye (+15.6%).

Meanwhile, the most notable declines among Bulgaria's key export customers were seen in Ukraine (-37.6%), Belgium (-32.6%), Spain (-27.7%), mainland China (-26%), and Austria (-25.8%).

Identifying Reliable Suppliers in Bulgaria

Businesses seeking to enter or expand within the Bulgarian export market must focus on sourcing dependable suppliers. Platforms like Tendata provide advanced search capabilities—including keyword filters and HS code searches—allowing companies to identify thousands of verified partners, evaluate procurement patterns, and obtain contact details efficiently.

For instance, when analyzing cotton demand, Tendata can highlight the top suppliers operating in Bulgaria during 2024, such as:

1. GIORGIO ARMANI S P A (9.42%, US$0.18 million)

2. INDITEX S A (7.82%, US$0.15 million)

3. SANDRO ANDY SAS (7.22%, US$0.14 million)

4. E MIROGLIO EAD (6.22%, US$0.12 million)

5. HUGO BOSS SOUTH EAST ASIA PTE LTD (5.37%, US$0.1 million)

6. WORK IN PROGRESS HK LTD (5.17%, US$0.1 million)

7. FOLLOWAY DISTRIBUTIONS DMCC / UAB VILNIAUS TRANSIMEKSA (3.86%, US$0.07 million)

8. FASHION CITY LGS GMBH (3.77%, US$0.07 million)

9. FORHAMPTONS ENTERPRISES LIMITED / UAB VILNIAUS TRANSIMEKSA (3.07%, US$0.06 million)

10. CHRISTIAN DIOR COUTURE BCD (2.95%, US$0.06 million)

Whether you are an experienced trader or new to global commerce, leveraging Bulgarian export data can reveal promising opportunities. For deeper insights into export statistics or customized trade data, consider requesting a free online demo through Tendata.