Bulgaria's trade deficit increased to BGN 282.5 million in November of 2018 from BGN 161 million in the same month of the previous year. It is the second widest monthly trade gap since June. Imports surged 4.5 percent to BGN 5344.5 million, driven by a 10.7 percent jump to BGN 1923.1 million in purchases from non-EU countries and a 1.3 percent gain to BGN 3421.4 million in the ones from EU countries. Meantime, exports rose at a slower 2.2 percent to BGN 5062 million, as sales to EU countries grew 7.0 percent to BGN 3442.9 million whereas those to non-EU countries fell 6.7 percent to BGN 1619.1 million. Considering the January to November period of 2018, the trade balance shifted to a BGN 2855.8 million compared to a BGN 196.2 million surplus in the same period of 2017. Balance of Trade in Bulgaria averaged -498.59 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 -590.00 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 -700.00 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
2018-10-10 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-282.5M BGN-393.9M
2019-02-08 09:00 AM Balance of Trade BGN-282.5M
2019-03-13 09:00 AM Balance of Trade
2019-04-12 08:00 AM Balance of Trade


Bulgaria Trade Last Previous Highest Lowest Unit
Balance of Trade -282.50 -393.90 411.70 -1862.90 BGN Million [+]
Current Account 58.60 45.60 1200.20 -1166.80 EUR Million [+]
Current Account to GDP 6.50 2.60 6.50 -24.10 percent [+]
Imports 5344.50 5786.90 5786.90 824.50 BGN Million [+]
Exports 5062.00 5393.00 5393.00 607.60 BGN Million [+]
External Debt 33982.50 33718.40 39411.10 9401.10 EUR Million [+]
Capital Flows -67.20 221.60 985.20 -2825.50 EUR Million [+]
Remittances 99.70 87.90 116.90 50.80 EUR Million [+]
Tourist Arrivals 575234.00 739308.00 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 9.90 119.90 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-282.50 -393.90 411.70 -1862.90 2000 - 2018 BGN Million Monthly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -55.29 Dec/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -2568800.00 Nov/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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