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BIA: Bulgaria is a leading exporter of sunflower seeds, sunflower oil and biodiesel

Liberalized grain imports from Ukraine threaten the country's export competitiveness the chamber said

published on 9/23/22 1:15 PM

Photo: Ani Petrova

Bulgaria is among the world leaders in sunflower seed exports and ranks second for 2021 with sales of more than $730 million, according to an analysis by the Bulgarian Industrial Association (BIA). Its main markets are Germany and Turkey.

The country also ranks third in the world in sunflower oil exports with revenues of $700 million in 2021. The country's sunflower oil is mainly exported to Spain, Italy, Turkey and Greece. Liberalized grain imports from Ukraine threaten the country's export competitiveness, BIA said.

The analysis shows that a good export business for Bulgaria is rapeseed biodiesel. Until a few years ago, Bulgarian producers exported rapeseed directly, but now they process it in small refineries. In 2021, 542 000 tonnes of biodiesel worth $926 million were exported to the EU.

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BIA: Bulgaria is a leading exporter of sunflower seeds, sunflower oil and biodiesel

Liberalized grain imports from Ukraine threaten the country's export competitiveness the chamber said

More from category

Allianz Trade forecasts Bulgaria as one of CEE’s fastest-growing economies

Christine Lagarde highlights the advantages of Euro adoption for Bulgaria

Ministry of Innovation and Growth presents Bulgaria’s first interactive investment map

Allianz Trade forecasts Bulgaria as one of CEE’s fastest-growing economies