Bulgaria's trade deficit widened to BGN 819.4 million in December 2019 from BGN 665.7 million in the same month a year earlier. That was the largest gap since December 2017 as exports dropped 2 percent due to lower sales to the EU (-4.8 percent). Meanwhile, exports to non-EU countries were up 2.8 percent. Imports, on the other hand, rose 1.4 percent boosted by purchases from the EU (4.7 percent), while those from non-EU countries slumped 4 percent. Considering 2019 full year, the trade deficit narrowed sharply to BGN 3.37 billion from BGN 6.85 billion the year before.
Balance of Trade in Bulgaria averaged -654.96 BGN Million from 2000 until 2019, reaching an all time high of 135.10 BGN Million in August of 2019 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. source: National Statistical Institute, Bulgaria
Balance of Trade in Bulgaria is expected to be -150.00 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 -1300.00 in 12 months time. In the long-term, the Bulgaria Balance of Trade is projected to trend around -1200.00 BGN Million in 2021, according to our econometric models.