Bulgaria Balance of Trade - Forecast

Balance of Trade in Bulgaria is expected to be -403.27 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 -449.06 in 12 months time. In the long-term, the Bulgaria Balance of Trade is projected to trend around -502.76 BGN Million in 2020, according to our econometric models.


Bulgaria Balance of Trade
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Bulgaria Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -562 -403 -411 -438 -449 -503
Exports 4580 4572 4557 4532 4506 4309
Imports 5142 4950 4897 4874 4843 4621
Current Account -155 -111 -111 -111 -111 -111
Current Account to GDP 4.2 3.2 3.2 3.2 3.2 2.9
External Debt 32522 31962 31794 31681 31593 31059
Capital Flows 35.1 139 103 81.26 66.23 38.05
Remittances 66.2 71.51 73.86 74.84 75.05 74.84
Tourist Arrivals 556111 479000 1492000 1254000 575000 587000
Gold Reserves 40.38 40.37 40.37 40.36 40.36 40.33
Terrorism Index 1.18 0.7 0.68 0.66 0.64 0.61
Weapons Sales 4 36.27 33.82 31.37 28.91 33.76
Foreign Direct Investment 71.6 100 113 123 132 161
Crude Oil Production 1 0.98 0.98 0.97 0.97 0.94