Bulgaria's trade deficit narrowed to BGN 61.4 million in March 2019 from BGN 253.1 million in the same month a year earlier, as exports climbed 5 percent to BGN 4.73 billion, with sales to the EU rising 2.8 percent and those to non-EU countries jumping 10.4 percent. Meanwhile, imports increased at a slower 0.8 percent to BGN 4.79 billion, as a 7.6 percent surge in purchases from non-EU countries was enough to offset a 2 percent fall in imports from the EU. Considering the first quarter as a whole, the trade deficit narrowed to BGN 264.6 million from BGN 890.2 million in the same period of 2018. Balance of Trade in Bulgaria averaged -490.40 BGN Million from 2000 until 2019, reaching an all time high of 411.70 BGN Million in July of 2017 and a record low of -1862.90 BGN Million in October of 2008.

Balance of Trade in Bulgaria is expected to be -300.00 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 -150.00 in 12 months time. In the long-term, the Bulgaria Balance of Trade is projected to trend around -1200.00 BGN Million in 2020, according to our econometric models.

Bulgaria Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-12 09:00 AM Balance of Trade BGN-435.6M BGN-247.4M BGN-630M
2019-03-13 09:00 AM Balance of Trade BGN-97.1M BGN-435.6M BGN-250M
2019-04-12 08:00 AM Balance of Trade BGN-178M BGN-64.6M BGN-280M
2019-05-13 08:00 AM Balance of Trade BGN-61.4M BGN-138.6M BGN-240M
2019-06-11 08:00 AM Balance of Trade BGN-61.4M BGN-420M
2019-07-12 08:00 AM Balance of Trade BGN-460M
2019-08-12 08:00 AM Balance of Trade BGN-300M


Bulgaria Trade Last Previous Highest Lowest Unit
Balance of Trade -61.40 -138.60 411.70 -1862.90 BGN Million [+]
Current Account 155.50 416.21 1200.20 -1166.80 EUR Million [+]
Current Account to GDP 4.60 6.40 6.40 -24.10 percent [+]
Imports 4794.70 4788.60 5787.30 824.50 BGN Million [+]
Exports 4733.30 4650.00 5389.90 607.60 BGN Million [+]
External Debt 33349.10 33291.60 39435.60 9401.10 EUR Million [+]
Capital Flows 60.00 775.90 985.20 -2825.50 EUR Million [+]
Remittances 95.50 88.30 117.60 50.80 EUR Million [+]
Tourist Arrivals 555620.00 482982.00 3531567.00 237256.00 [+]
Gold Reserves 40.40 40.40 40.40 39.56 Tonnes [+]
Terrorism Index 0.32 1.18 3.09 0.00 [+]
Weapons Sales 61.00 70.00 167.00 1.00 USD Million [+]
Foreign Direct Investment 53.00 4.00 1018.40 -414.00 EUR Million [+]
Crude Oil Production 1.00 1.00 1.10 0.60 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Bulgaria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-61.40 -138.60 411.70 -1862.90 2000 - 2019 BGN Million Monthly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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