Individual components of a complex bulk power system (BPS) have different impacts on the overall system unreliability. It would be very useful to determine the contribution of each system component to the system unreliability, and recognize the weak parts (WP) within the system. This would provide a useful tool to direct remedial measures for improving the system reliability in BPS operation and planning processes. This paper presents an unreliability tracing (UT) technique for a BPS based on two UT principles, i.e., the failure component sharing principle (FCSP) and the proportional sharing principle (PSP). The technique is illustrated by application to the RBTS and the IEEE-RTS. The case studies indicate that the developed technique can distribute the system unreliability indices to components impartially and reasonably, and can therefore be used to recognize the WP of a BPS.