Bulgaria's trade deficit narrowed to BGN 305.5 million in May of 2020 from BGN 887.7 million in the corresponding month of the previous year. Exports fell 21.4 percent from a year earlier to BGN 3,744 million, amid lower sales to both EU countries (-18 percent) and non-EU countries (-27.7 percent). Meantime, imports declined at a faster 28.4 percent to BGN 4,050 million, dragged down by lower purchases from both EU countries (-28.4 percent) and non-EU countries (-28.2 percent).
Balance of Trade in Bulgaria averaged -662.13 BGN Million from 2000 until 2020, 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 August of 2020. source: National Statistical Institute, Bulgaria
Balance of Trade in Bulgaria is expected to be -500.00 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 -600.00 in 12 months time. In the long-term, the Bulgaria Balance of Trade is projected to trend around -950.00 BGN Million in 2021, according to our econometric models.