Bulgaria’s trade deficit surged to BGN 1,848.7 million in September 2022, its highest trade gap since October 2008, and sharply widening from the BGN 544 million deficit in the same period a year earlier. Imports rose by 47.1% to BGN 9,712.6 million on the back of higher arrivals from both the EU (22.4% to BGN 5,099 million) and non-EU countries (89.6% to BGN 4,613.6 million). On the other hand, exports grew at a softer 29.8% to BGN 7,863.9 million, driven by sales to the EU (40.2% to BGN 5,530.8 million) and non-EU countries (10.5% to BGN 2,333.1 million). Considering January to September, the trade deficit widened to BGN 9.87 billion from BGN 4.98 billion in the same period of 2021. source: National Statistical Institute, Bulgaria

Balance of Trade in Bulgaria averaged -677.79 BGN Million from 2000 until 2022, 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 December of 2022.

Balance of Trade in Bulgaria is expected to be -950.00 BGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria Balance of Trade is projected to trend around -950.00 BGN Million in 2023, according to our econometric models.

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Bulgaria Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-10-12 08:00 AM Aug BGN-704.9M BGN-1677M BGN-1850M
2022-11-10 09:00 AM Sep BGN-1849M BGN-672.8M BGN -950M
2022-12-13 09:00 AM Oct BGN-1849M


Related Last Previous Unit Reference
Balance of Trade -1848.70 -672.80 BGN Million Sep 2022
Imports 9712.60 8539.60 BGN Million Sep 2022
Exports 7863.90 7866.80 BGN Million Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1848.70 -672.80 98.50 -2106.20 2000 - 2022 BGN Million Monthly

News Stream
Bulgaria Posts Largest Trade Gap in Over 14 Years
Bulgaria’s trade deficit surged to BGN 1,848.7 million in September 2022, its highest trade gap since October 2008, and sharply widening from the BGN 544 million deficit in the same period a year earlier. Imports rose by 47.1% to BGN 9,712.6 million on the back of higher arrivals from both the EU (22.4% to BGN 5,099 million) and non-EU countries (89.6% to BGN 4,613.6 million). On the other hand, exports grew at a softer 29.8% to BGN 7,863.9 million, driven by sales to the EU (40.2% to BGN 5,530.8 million) and non-EU countries (10.5% to BGN 2,333.1 million). Considering January to September, the trade deficit widened to BGN 9.87 billion from BGN 4.98 billion in the same period of 2021.
2022-11-10
Bulgaria Trade Deficit Slightly Widens in August
Bulgaria’s trade deficit rose to BGN 704.9 million in August of 2022, slightly widening from the BGN 647.30 million gap in the corresponding month of the previous year, preliminary estimates showed. Exports increased by 40.5% to BGN 7,873.8 million, as sales to the EU were up by 46.1% and those to third countries were up by 30.8%. Meanwhile, imports advanced at a slower 37.2% to 8,578.7 million on the back of purchases from both the EU (37.5%) and non-EU countries (36.8%). Considering January to August, exports to third countries increased by 35.8% compared to the same period of 2021, driven by the sharp growth in mineral fuel, lubricants and related materials (203.3%), along with animal and vegetable oils, fats and waxes (123.1%); while the imports of goods from third countries grew by 63.1% due to mineral fuel, lubricants and related materials (126.5%), with animal and vegetable oils, fats and waxes (378.7%).
2022-10-12
Bulgaria Trade Deficit Narrows in May
Bulgaria’s trade deficit narrowed to BGN 740.9 million in May of 2022 from BGN 891.9 million in the corresponding month of the previous year. Exports jumped by 60.7 percent to BGN 8280.6 million. Sales increased to both EU countries (73 percent) and non-EU countries (37.8 percent). Meanwhile, imports rose at a softer 49.3 percent year-on-year to BGN 9021.5 million amid higher purchases to both EU (35.8 percent) and non-EU countries (70.4 percent).
2022-07-13