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.

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Bulgaria Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-4.30 -588.10 98.50 -2106.20 2000 - 2020 BGN Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-12 09:00 AM Jan BGN-401.5M BGN-1019M BGN-380M
2020-04-10 08:00 AM Feb BGN-421.4M BGN-412.3M BGN-550M
2020-05-13 08:00 AM Mar BGN-636.8M BGN-412.3M BGN -150M
2020-06-11 08:00 AM Apr BGN -4.3M BGN-588.1M BGN -800M
2020-07-13 08:00 AM May BGN -4.3M
2020-08-12 08:00 AM Jun BGN -320M
2020-09-14 08:00 AM Jul
2020-10-12 08:00 AM Aug


News Stream
Bulgaria Posts Smallest Trade Gap since 2017
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).
2020-06-11
Bulgaria Trade Gap Widens 15.1% YoY in March
Bulgaria's trade deficit rose to BGN 636.8 million in March of 2020 from BGN 553.1 million in the same month of the previous year. Exports declined 8.8 percent to BGN 4,384.7 million, amid lower sales to both EU countries (-9.2 percent) and non-EU countries (-8 percent). Also, imports fell 6.3 percent to BGN 5,021.5 million, due to reduced purchases from both EU countries (-8.8 percent) and non-EU countries (-1.7 percent). In the first three months of the year, the country's trade shortfall narrowed to BGN 1,461.4 million from BGN 1,477.9 million, as both exports and imports decreased 1.1 percent.
2020-05-13
Bulgaria Trade Gap Shrinks in February
Bulgaria’s trade deficit narrowed to BGN 421.4 million in February of 2020 from BGN 596.9 million in the same month of the previous year. Exports rose 1.6 percent to BGN 4,770.4 million, as sales to EU countries grew 3.7 percent to BGN 3,165.1 while those to non-EU countries dropped 2.3 percent to BGN 1,605.3 million. Also, imports declined 1.9 percent to BGN 5,191.8 million, as purchases from non-EU countries slumped 6.6 percent to BGN 1,986.9 million while those from EU countries went up 1.3 percent to BGN 3,204.9 million.
2020-04-10
Bulgaria Trade Gap Widens in January
Bulgaria's trade deficit increased to BGN 401.5 million in January of 2020 from BGN 327.9 million in the same month of the previous year. Exports rose 3.7 percent to BGN 4,896.1 million, as sales to EU countries grew 4.4 percent to BGN 3,314.6 while those to non-EU countries advanced 2.2 percent to BGN 1,581.5 million. Meantime, imports went up 4.9 percent to BGN 5,297.6 million, as purchases from EU countries increased 4.6 percent to BGN 3,139.4 million while those from non-EU countries rose 5.4 percent to BGN 2,158.2 million.
2020-03-12

Bulgaria Balance of Trade
Bulgaria exports mostly fuels, manufactured goods (clothing, footwear), machinery and transport equipment and chemicals. Bulgaria's main exports partners are Germany,Turkey, Italy, Greece and Romania. Bulgaria imports fuels, machinery and transport equipment, metals, raw materials. Bulgaria's main imports partners are Russia, Germany, Romania and Italy.