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Bulgaria's trade deficit grows almost 50 percent in 2018

Christian Fernsby |
Bulgaria's foreign trade deficit was 6.85 billion Bulgarian levs (BGN) (3.84 billion U.S. dollars) in 2018, while in 2017 the figure stood at 4.64 billion BGN, official data showed on Thursday.

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According to the country's National Statistical Institute (NSI), the value of goods exported from Bulgaria totaled 56.03 billion BGN in 2018, 2.6 percent more than in 2017.

The total value of imports in 2018 was 62.88 billion BGN, 6.1 percent more than in the previous year.

In 2018, Bulgaria's exports to and imports from the European Union (EU) countries were worth 37.70 billion BGN and 39.91 billion BGN, respectively, up 9.1 percent and 5.6 percent year-on-year, the NSI said.

The value of exports to countries outside the EU decreased 8.6 percent to 18.33 billion BGN, while imports increased 7.2 percent to 22.97 billion BGN, the NSI said.

China, in particular, was Bulgaria's second largest export destination outside the EU, and the third largest non-EU importer. Bulgaria's exports to China totaled 1.49 billion BGN and its imports 2.58 billion BGN, 12.4 percent and 18.8 percent more than in 2017.

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