Mineral Fuels Export of Bulgaria: The Trade Analysis of 2024

Mineral fuels are naturally occurring energy-rich substances used mainly for the production of heat and electricity in the industrial sectors, and are the topmost preferences of the globally leading traders. The essential role played by mineral fuels for energy and industrial needs, along with the limited production capacity of some countries due to minimal oil and gas reserves, has continued the global trade. The higher economic value and global supply chains have further contributed to the interchange of mineral fuels in different countries. Bulgaria Import Data says, the country in southern Europe, bordered by Greece and Serbia in the south and west direction, has solidified its position as a leading exporter of mineral fuels in the worldwide trade market due to the natural gas diversification and the potential to expand to that capacity.

The existing coal mining infrastructure and the well-developed thermal power plants have resulted in an export rate value of mineral fuels worth 7.81 billion US dollars in 2024. The local demand for refined products and the seasonal production flexibility have annually contributed to the increased revenue rate. Subscribe to Import Globals, the leading Bulgaria importexport trade provider, to stay updated with the latest information regarding the mineral fuels export of the nation via the Bulgaria trade data. 

GOVERNMENT INITIATIVES SUPPORTING THE MINERAL FUELS EXPORT OF BULGARIA IN 2024

The update of the integrated national energy and climate plan has provided a regulatory and strategic framework to increase the cross-border gas flows. The 10-year network development plan has strengthened the expansion of the gas transmission network while solidifying Bulgaria's position as a top trading hub. 

The additional transit fee on Russian gas has generated revenue from transit while incentivizing the use of Bulgarian transit routes. The parliament's ban on processing Russian oil for export has reduced the dependency on Russian crude. It has potentially boosted the fuel markets while solidifying the exports. 

THE LEADING VARIANTS OF MINERAL FUELS EXPORTED FROM BULGARIA

The domestic production of LPG and membership in regional gas markets have led to diversity in the global trade output. According to the Bulgaria Export Data, the top 10 leading variants of mineral fuels exported from the nation in 2024 are,

  • Anthracite – The annual valuation of Anthracite exported from Bulgaria in 2024 – 2.19 billion US dollars
  • Bituminous coal– The annual valuation of Bituminous coal exported from Bulgaria in 2024 – 1.54 billion US dollars
  • Briquettes – The annual valuation of Briquettes exported from Bulgaria in 2024 – 919 million US dollars
  • Lignite – The annual valuation of Lignite exported from Bulgaria in 2024 – 827 million US dollars
  • Peat – The annual valuation of Peat exported from Bulgaria in 2024 – 714 million US dollars
  • Coke/semi-coke – The annual valuation of Coke/semi-coke exported from Bulgaria in 2024 – 625 million US dollars
  • Coal gas – The annual valuation of Coal gas exported from Bulgaria in 2024 – 514 million US dollars
  • Mineral tar – The annual valuation of Mineral tar exported from Bulgaria in 2024 – 476 million US dollars
  • Petroleum gas– The annual valuation of Petroleum gas exported from Bulgaria in 2024 – 392 million US dollars
  • Bitumen/tar sands– The annual valuation of Bitumen/tar sands exported from Bulgaria in 2024 – 287 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF BULGARIA IN 2024

Access to the European Union market and the external financing opportunities have benefited the bilateral relationship with the topmost importing regions. As per the Bulgaria Customs Data, the top 10 export trade partners of the nation for mineral fuels exports in 2024 are,

  • Germany – The total valuation of mineral fuels exported from Bulgaria to Germany in 2024 – 2.19 billion US dollars
  • Top 5 variants of mineral fuels exported
  1. Petroleum ether
  2. Petroleum spirits
  3. Mineral waxes
  4. Bituminous sand
  5. Oil sand bitumen
  • Romania – The total valuation of mineral fuels exported from Bulgaria to Romania in 2024 – 1.54 billion US dollars
  • Top 5 variants of mineral fuels exported
  1. Distillate fuel oil
  2. Heavy distillate oil
  3. Medium distillate oil
  4. Light distillate oil
  5. Vacuum gas oil
  • Italy – The total valuation of mineral fuels exported from Bulgaria to Italy in 2024 – 1 billion US dollars
  • Top 5 variants of mineral fuels exported
  1. Anthracene oil
  2. Pitch Coke
  3. Gas condensate liquids
  4. Residues of crude petroleum
  5. Petroleum refinery gas
  • Greece – The total valuation of mineral fuels exported from Bulgaria to Greece in 2024 – 945 million US dollars
  • Top 5 variants of mineral fuels exported
  1. Petroleum coke
  2. Coking coal
  3. Metallurgical coal
  4. Steam coal
  5. Low-sulfur coal
  • France – The total valuation of mineral fuels exported from Bulgaria to France in 2024 – 786 million US dollars
  • Top 5 variants of mineral fuels exported
  1. Propane
  2. Butane
  3. Isobutane
  4. Natural gas (methane)
  5. Ethane
  • Turkey – The total valuation of mineral fuels exported from Bulgaria to Turkey in 2024 – 675 million US dollars
  • Top 5 variants of mineral fuels exported
  1. Paraffin wax
  2. Petroleum jelly/petrolatum
  3. Asphalt / bitumen
  4. Oil shale
  5. Tar sands/oil sands
  • United States – The total valuation of mineral fuels exported from Bulgaria to the United States in 2024 – 543 million US dollars
  • Top 5 variants of mineral fuels exported
  1. Naphtha
  2. Kerosene
  3. Jet fuel
  4. Diesel fuel
  5. Gasoline/petrol
  • Serbia – The total valuation of mineral fuels exported from Bulgaria to Serbia in 2024 – 478 million US dollars
  • Top 5 variants of mineral fuels exported
  1. Light crude oil
  2. Heavy crude oil
  3. Sweet crude oil
  4. Sour crude oil
  5. Condensate (natural gas liquids)
  • North Macedonia – The total valuation of mineral fuels exported from Bulgaria to North Macedonia in 2024 – 342 million US dollars
  • Top 5 variants of mineral fuels exported
  1. Coal tar pitch
  2. Coal tar oil
  3. Coal tar distillates
  4. Gas coke
  5. Petroleum crude oil
  • United Kingdom – The total valuation of mineral fuels exported from Bulgaria to the United Kingdom in 2024 – 265 million US dollars
  • Top 5 variants of mineral fuels exported
  1. Semi-coke
  2. Coal gas
  3. Water gas
  4. Producer gas
  5. Coal tar

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

An in-depth Analysis of Gold, Nicaragua's Top Export

Image
Although the economy of Nicaragua, the largest nation in Central America, is diverse, one product stands out above all others in terms of exports: gold. According to Nicaragua Export Data , gold has solidified its position as Nicaragua’s most valuable export during the last ten years, overtaking more conventional agricultural products like sugar and coffee. This blog offers a thorough analysis of Nicaragua’s gold export industry, including an overview of exports, data patterns from 2020 to 2024, important export destinations, the factors that make gold important to the country, important producing regions, global context, strategic implications, and forecast trends. Overview of Exports Nicaragua’s economy has relied heavily on gold output, especially in the previous ten to fifteen years. Gold is now Nicaragua’s top export by value thanks to substantial modernization and international investment in the mining industry, which was formerly eclipsed by agriculture. Rising global gold price...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more