Foreign trade as a share of GDP rose 9.70% to 121% in Bulgaria in 2021, according to the National Statistical Office.
Historically, foreign trade as a share of GDP in Bulgaria reached an all time high of 130% in 2014 and an all time low of 55.3% in 1995. When compared to Bulgaria's main peers, foreign trade as a share of GDP in Greece amounted to 89.5%, 87.4% in Romania, 117% in Serbia and 70.8% in Turkey in 2021.
Bulgaria has been ranked 28th within the group of 152 countries we follow in terms of foreign trade as a share of GDP, 8 places above the position seen 10 years ago.
Foreign Trade (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Albania | % | 71.8% | 74.8% | 78.2% | 76.8% | 76.3% | ||||||||||||||||
Bosnia and Herzegovina | % | 89.3% | 89.3% | 98.0% | 99.9% | 95.8% | ||||||||||||||||
Bulgaria | % | 127% | 123% | 130% | 129% | 125% | ||||||||||||||||
Croatia | % | 91.2% | 92.6% | 97.6% | 99.7% | 102% | ||||||||||||||||
Greece | % | 65.3% | 64.0% | 71.6% | 80.2% | 81.9% | ||||||||||||||||
Hungary | % | 167% | 164% | 165% | 163% | 161% | ||||||||||||||||
Iran | % | 39.4% | 40.4% | 44.7% | 58.4% | 50.8% | ||||||||||||||||
Iraq | % | 69.6% | 54.6% | 59.8% | 65.8% | 69.0% | ||||||||||||||||
Macedonia | % | 114% | 116% | 124% | 133% | 139% | ||||||||||||||||
Moldova | % | 89.3% | 87.6% | 85.6% | 85.9% | 85.9% | ||||||||||||||||
Romania | % | 83.5% | 85.9% | 87.2% | 86.5% | 84.5% | ||||||||||||||||
Serbia | % | 97.4% | 102% | 108% | 109% | 112% | ||||||||||||||||
Turkey | % | 51.1% | 48.3% | 55.8% | 62.6% | 62.7% | ||||||||||||||||
Ukraine | % | 108% | 106% | 104% | 99.2% | 90.5% |