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.


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Bulgaria Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-819.40 -98.70 135.10 -2106.20 2000 - 2019 BGN Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-12 09:00 AM Sep BGN-86M BGN91.8M BGN -40M
2019-12-11 09:00 AM Oct BGN -132M BGN 43M BGN-340M
2020-01-13 09:00 AM Nov BGN-113M BGN -132M
2020-02-12 09:00 AM Dec BGN-819M BGN-99M BGN -1420M
2020-03-12 09:00 AM Jan BGN-819M BGN-380M
2020-04-10 08:00 AM Feb
2020-05-13 08:00 AM Mar BGN -150M
2020-06-11 08:00 AM Apr


News Stream
Bulgaria Posts Largest Trade Gap in 2 Years
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.
2020-02-12
Bulgaria Trade Deficit Narrows in November
Bulgaria's trade deficit narrowed to BGN 113.4 million in November 2019 from BGN 592.8 million in the same month a year earlier, as exports dropped 0.5 percent to BGN 5.05 million, with sales to the non-EUR countries declining 7.5 percent while those to the EU rose 2.8 percent. Meantime, imports slumped 8.9 percent to BGN 5.16 million, as a 29.7 percent fall in purchases from non-Eu countries offsetting a 3.0 percent increase in imports from the EU. Considering the January-November period, the trade deficit narrowed to BGN 256.7 million from 617.9 million in the same period of 2018.
2020-01-13
Bulgaria Posts Widest Trade Surplus since 2017
Bulgaria recorded a trade surplus of BGN 104.5 million in June 2019 compared to a BGN 281.5 million gap a year earlier. This was the largest trade surplus since September 2017, as imports slipped 13.6 percent to BGN 4,419.9 million, dragged down by lower purchases from non-EU countries (-30.6 percent) and the EU (-3.5 percent). Meanwhile, exports decreased at a softer 6.4 percent to BGN 4,524.4 million, as sales to the EU and non-EU countries fell 3.6 percent and 11.7 percent, respectively. In the first six months of the year, the country's trade gap narrowed to BGN 579.2 million from BGN 2,201.5 million, as shipments surged 6.3 percent and imports grew only 0.7 percent.
2019-08-12
Bulgaria Trade Gap Narrows 50% YoY in April
Bulgaria's trade deficit shrank significantly to BGN 186.3 million in April 2019 from BGN 373.2 million in the same month a year ago. Exports rose 6.1 percent to GBN 4496.7 million, as sales to the EU countries grew 8.2 percent to BGN 3136.7 million and those to non-EU increased 1.7 percent to BGN 1360 million. Meantime, imports increased at a softer 1.6 percent to BGN 4683 million, as purchases from non-EU countries fell 14.3 percent to BGN 1382 million while those from the EU countries advanced 10.1 percent to BGN 3301 million.
2019-06-11

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.