What does Bulgaria produce?
Overview. Bulgaria is among Europe’s largest producers of lead, zinc and copper, and produces around ten percent of the world’s hydraulic machinery. Other products include machine tools, caustic soda, nuclear energy, military hardware/munitions and many other finished and semi-finished products.
What are the main exports of Bulgaria?
Primary industrial exports are clothing, iron and steel, machinery and refined fuels. Sofia is the capital and economic heart of Bulgaria and home to most major Bulgarian and international companies operating in the country, as well as the Bulgarian National Bank and the Bulgarian Stock Exchange.
What does Bulgaria import the most?
Imports The top imports of Bulgaria are Crude Petroleum ($2.98B), Copper Ore ($1.97B), Cars ($1.31B), Packaged Medicaments ($1.21B), and Refined Petroleum ($830M), importing mostly from Germany ($4.21B), Russia ($3.26B), Italy ($2.78B), Romania ($2.63B), and Turkey ($2.6B).
Why is Bulgaria so poor?
Causes and recommendations. The IME says the biggest causes of deep poverty in Bulgaria are a lack of education and low wages. When the unemployed do manage to get work, they are paid on average only 18.4% more than they would receive on welfare benefits.
Is Bulgaria richer than Russia?
Bulgaria has a GDP per capita of $21,800 as of 2017, while in Russia, the GDP per capita is $27,900 as of 2017.
Is Bulgaria a 3rd world country?
“Third World” lost its political root and came to refer to economically poor and non-industrialized countries, as well as newly industrialized countries.
Third World Countries 2021.
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Who does Bulgaria trade with?
Bulgaria trade balance, exports and imports by country
In 2017, Bulgaria major trading partner countries for exports were Germany, Turkey, Italy, Romania and Greece and for imports they were Germany, Russian Federation, Italy, Romania and Turkey.