Bulgaria world map

Trade in Bulgaria

Bulgaria was the world’s 57th largest exporter of goods and 53rd largest exporter of commercial services in 2021. Export values were $41.2 and $11.0 million USD respectively. Bulgaria’s top export category was manufactures, followed by fuels and mining products, and agricultural products. In 2020, Bulgaria’s main export destination markets for goods and services trade were to Germany, Romania and Italy, with trade representing 110.28 per cent of GDP. In terms of imports, Bulgaria is the world’s 57th largest importer of goods and 68th largest importer of commercial services. Import values were $46.2 and $5.7 million USD respectively in 2021. Bulgaria’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were Germany, Romania and Turkey. Bulgaria is a member of the European Union, which is part of 45 different Regional Trade Agreements, including with Central America, Pacific States and Eastern and Southern Africa States.
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General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Republic of Bulgaria

Abbreviation

BG

Capital

Sofia

WTO Membership Date

1 December 1996

Legal System

civil law

Language

Bulgarian

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Bulgarian lev

Exchange Rate

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GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • BNP Paribas S.A - Sofia, Bulgaria - SWIFT: BNPABGSX

  • Bulgarian Postbank AD - Sofia, Bulgaria - SWIFT: BPBIBGSF

  • Citibank Europe plc - Sofia, Bulgaria - SWIFT: CITIBGSF

  • UniCredit Bulbank AD - Sofia, Bulgaria - SWIFT: UNCRBGSF

  • United Bulgarian Bank AD - Sofia, Bulgaria - SIWFT: UBBSBGSF

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Copyright Offices

  • Copyright and Neighbouring Rights Directorate

  • Ministry of Culture

Industrial Property Offices

  • Patent Office of Republic of Bulgaria

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • Food Safety Measures:

    Ministry of Health

    Public Health Directorate

    Phone: +(359 2) 930 1183/930 1276

    Website: http://www.mh.government.bg

    5 Sveta Nedelya Square

    [email protected]@mh.government.bg
  • Sanitary Measures:
    International cooperation and projects Department,
    "European coordination, international cooperation and projects" Directorate
    Bulgarian Food Safety Agency
    Phone: +(359 2) 915 9836/915 9849
    Website: http://www.babh.government.bg

    15A Pencho Slaveikov Blvd.

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • Bulgarian Institute for Standardization (BDS)
    Contact: Violeta Yordanova
    Phone: +(359) 2 8174 552
    Website: http://www.bds-bg.org

    13 Lachezar Stanchev Str.
    Izgrev complex
    1797 Sofia
    Bulgaria

    [email protected]

Additional Information

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Last Reviewed: June, 2023

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