Bulgaria's trade deficit widened sharply to BGN 414.0 million in October of 2018 from BGN 59.4 million in the same month of the previous year. It is the largest trade gap since May, as imports climbed 14.3 percent to BGN 5790 million, driven by a 34.3 percent jump to BGN 2329 million in purchases from non-EU countries and a 3.9 percent rise to BGN 3461 million in the ones from EU countries. Meantime, exports rose at a slower 7.4 percent to BGN 5376 million, as sales to EU countries grew 6.5 percent to BGN 3449 million and those to non-EU countries advanced 9.1 percent to BGN 1927 million. Considering the January to October period of 2018, the trade balance shifted to a BGN 2593 million deficit compared to a BGN 357 million surplus in the same period of 2017. Balance of Trade in Bulgaria averaged -499.64 BGN Million from 2000 until 2018, 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 -780.00 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 -157.63 in 12 months time. In the long-term, the Bulgaria Balance of Trade is projected to trend around -500.00 BGN Million in 2020, according to our econometric models.

Bulgaria Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-12 08:00 AM Balance of Trade BGN-379.3M BGN-481.5M BGN-100M
2018-10-10 08:00 AM Balance of Trade BGN-46.3M BGN-333.2M BGN-480M
2018-11-12 09:00 AM Balance of Trade BGN-112.4M BGN 4.7M BGN -90M
2018-12-11 09:00 AM Balance of Trade BGN-414.0M BGN-68.3M BGN-320M
2019-01-11 09:00 AM Balance of Trade BGN-414.0M
2019-02-08 09:00 AM Balance of Trade BGN -780M
2019-03-13 09:00 AM Balance of Trade


Bulgaria Trade Last Previous Highest Lowest Unit
Balance of Trade -414.00 -68.30 411.70 -1862.90 BGN Million [+]
Exports 5376.10 4722.40 5376.10 607.60 BGN Million [+]
Imports 5790.10 4790.70 5790.10 824.50 BGN Million [+]
Current Account 312.70 980.10 1200.20 -1166.80 EUR Million [+]
Current Account to GDP 4.50 2.30 4.50 -24.10 percent [+]
External Debt 33718.40 33805.10 39411.10 9401.10 EUR Million [+]
Capital Flows 288.00 621.60 985.20 -2825.50 EUR Million [+]
Remittances 99.70 87.90 116.90 50.80 EUR Million [+]
Tourist Arrivals 739308.00 1324202.00 3531567.00 237256.00 [+]
Gold Reserves 40.40 40.40 40.40 39.56 Tonnes [+]
Terrorism Index 1.18 1.63 3.09 0.00 [+]
Weapons Sales 61.00 70.00 167.00 1.00 USD Million [+]
Foreign Direct Investment 119.90 219.70 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-414.00 -68.30 411.70 -1862.90 2000 - 2018 BGN Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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