Bulgaria's trade deficit widened slightly to BGN 429.8 million in February of 2021 from BGN 428.6 million in the corresponding month of the previous year. Exports grew 2.8 percent year-on-year to BGN 4984.2 million, mainly driven by sales to EU countries (4.2 percent), since sales to other third counties were little changed (0.1 percent). Meanwhile, imports went up by 2.6 percent to BGN 3419.9 million, amid higher purchases from EU countries (5.9 percent), offsetting the decline in purchases from non-EU countries (-2.6 percent). source: National Statistical Institute, Bulgaria
Balance of Trade in Bulgaria averaged -659.26 BGN Million from 2000 until 2021, 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 May of 2021.
Balance of Trade in Bulgaria is expected to be -1300.00 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 -1200.00 in 12 months time. In the long-term, the Bulgaria Balance of Trade is projected to trend around -1200.00 BGN Million in 2022 and -950.00 BGN Million in 2023, according to our econometric models.