What is the value of US trade with Bulgaria?
Updates published annually
$1.92 billion in imports and $1.54 billion in exports in 2024. That means that the US imported $387 million more from Bulgaria than we exported to it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$1.92B
Value of imports from Bulgaria to the US (2024)
$1.54B
Value of exports from the US to Bulgaria (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Bulgaria as the US’ 66th top trading partner: In 2024, the US traded $3.46 billion in goods and services with Bulgaria. Countries with similar trade values include Oman ($4.27B) and Croatia ($2.99B).
In 2024, the US traded $3.46 billion in goods and services with Bulgaria.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US has had a trade deficit with Bulgaria every year from 2011 through 2024. The 2024 deficit was $387 million, an increase from 2023's deficit of $1.23 billion.
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The trade deficit with Bulgaria increased to $387M in 2024.
Annual trade balance with Bulgaria, not adjusted for inflation
In 2024, 77.8% of imports from Bulgaria to the US were goods. The largest category was capital goods (tools used for the production process, like machinery and equipment), accounting for $472 million. The top three imports were capital goods, industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), and consumer goods (goods and services purchased by individuals for personal use, like clothing and cellphones). These categories accounted for $1.28 billion of total imports.
The other 22.2% were services, with business services being the largest service category. Business services (like R&D, consulting, and tech services) accounted for $148 million.
Capital goods made up 24.5% of US imports from Bulgaria in 2024.
US imports from Bulgaria by category (2024)
In 2024, more US exports to Bulgaria were services — 68.6%. The largest export was travel (money entering the US from foreign visitors on expenses like lodging, meals, transportation, and entertainment), which accounted for a value of $146 million. The top three exports were travel, business services, and financial services (services normally provided by banks and other financial institutions). These categories accounted for $338 million of exports to Bulgaria.
The other 31.4% were goods, with capital goods being the largest goods category. Capital goods accounted for $299 million.
Services made up 68.6% of US exports to Bulgaria in 2024.
US exports to Bulgaria by category (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
