Bulgaria's trade deficit slipped to BGN 4.3 million in April of 2020 from BGN 769.1 million in the same month of the previous year. It was the smallest monthly trade gap since September of 2017, likely impacted by the global pandemic. Imports slumped 32.6 percent to BGN 3,773.3 million, amid lower purchases from both EU countries (-9.2 percent) and non-EU countries (-7.4 percent). Also, exports declined 19.5 percent to BGN 3,769 million, due to reduced sales to both EU countries (-20.1 percent) and non-EU countries (-18.4 percent).
Balance of Trade in Bulgaria averaged -663.54 BGN Million from 2000 until 2020, reaching an all time high of 98.50 BGN Million in July of 2017 and a record low of -2106.20 BGN Million in October of 2008. This page provides - Bulgaria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Statistical Institute, Bulgaria
Balance of Trade in Bulgaria is expected to be -550.00 BGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Bulgaria to stand at -350.00 in 12 months time. In the long-term, the Bulgaria Balance of Trade is projected to trend around -980.00 BGN Million in 2021 and -1050.00 BGN Million in 2022, according to our econometric models.