Bulgaria | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from Bulgaria totalled $ 967 million in 2023. Sales of commodity group 72 from Bulgaria decreased by 16.4% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 189 million (cumulative exports of commodity group 72 from Bulgaria amounted $1.15 billion in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 2.01% of total exports from Bulgaria (cumulative merchandise exports from Bulgaria totalled $ 47 billion in 2023). The share of commodity group 72 in total exports from Bulgaria decreased by 0.283 p.p. compared to 2022 (it was 2.3% in 2022 and cumulative exports from Bulgaria were equal to $ 50 billion).
Where does Bulgaria export Iron and steel?
Top export destinations of "Iron and steel" from Bulgaria in 2023:
- Romania with a share of 26% (255 million US$)
- Turkey with a share of 12.8% (124 million US$)
- North Macedonia with a share of 8.14% (78 million US$)
- Greece with a share of 7.56% (73 million US$)
- Canada with a share of 5.75% (55 million US$)
- Poland with a share of 5.51% (53 million US$)
- Germany with a share of 5.51% (53 million US$)
- USA with a share of 3.26% (31 million US$)
- Hungary with a share of 2.84% (27 million US$)
- Czech Republic with a share of 2.47% (23 million US$)
Exports structure of 72 - Iron and steel - from Bulgaria in 2023 represented by the following main commodity groups:
- 33% (326 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 21% (209 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 19.1% (185 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 6.7% (64 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 6.32% (61 million US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 2.78% (26 million US$): 7215 - Other bars and rods of iron or non-alloy steel
- 2.31% (22 million US$): 7217 - Wire of iron or non-alloy steel
- 1.79% (17.3 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 1.45% (14 million US$): 7202 - Ferro-alloys.
- 1.33% (12.8 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
The value of imports of commodity group 72 "Iron and steel" to Bulgaria totalled $ 1.8 billion in 2023. Sales of commodity group 72 to Bulgaria decreased by 22% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 512 million (the value of imports of commodity group 72 to Bulgaria was equal to $2.31 billion in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 3.37% of total import flow to Bulgaria (in 2023, total imports to Bulgaria amounted to $ 53 billion). The share of commodity group 72 in total imports to Bulgaria decreased by 0.617 p.p. compared to 2022 (it was 3.98% in 2022 and cumulative imports to Bulgaria were equal to $ 58 billion).
Where does Bulgaria import Iron and steel from?
Top trading partners (import of "Iron and steel") of Bulgaria in 2023:
- Ukraine with a share of 24% (446 million US$)
- Turkey with a share of 14.5% (262 million US$)
- Romania with a share of 10% (181 million US$)
- Serbia with a share of 6.05% (109 million US$)
- Italy with a share of 5.86% (105 million US$)
- Greece with a share of 5.3% (95 million US$)
- Germany with a share of 4.45% (80 million US$)
- Egypt with a share of 3.04% (54 million US$)
- China with a share of 2.67% (48 million US$)
- North Macedonia with a share of 2.2% (39 million US$)
Imports structure of 72 - Iron and steel - to Bulgaria in 2023 represented by the following main commodity groups:
- 18.5% (334 million US$): 7207 - Semi-finished products of iron or non-alloy steel
- 18.5% (333 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 10.7% (193 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 6.02% (108 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 5.49% (99 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 4.84% (87 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 4.84% (87 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 4.58% (82 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 4.4% (79 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 3.94% (71 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
