Go to ...

Economics Gazette

Economy and Business news




RSS Feed

February 21, 2018

Bulgarian foreign trade boosted in 2017


Bulgarian foreign tradeBulgarian foreign trade expanded in 2017, as exports rose by 10.7% yoy to 52.23 billion BGN (26.70 billion EUR), while imports rose by 15.4% yoy to 59.06 billion BGN (30.02 billion EUR). In December alone, total exports amounted to 4.10 billion BGN, representing a decrease of 0.9% compared to the same month of the previous year. During the reported period the imports increased by 14.7% compared to the same month of the previous year and amounted to 5.33 billion BGN.

In 2017, Bulgaria’s export to third countries (outside the EU) increased by 10.7% compared to the previous year and amounted to 17.74 billion BGN. The Bulgaria’s main trading partners are Turkey, the Russian Federation, China, Serbia, the former Yugoslav Republic of Macedonia and Egypt, which account for 51.6% of exports to third countries.

In December 2017, Bulgaria’s exports to third countries decreased by 6.2% compared to the same month of the previous year and amounted to BGN 1.60 billion BGN.

Bulgaria’s imports from third countries in 2017 increased by 24.1% compared to the previous year and amounted to 21.37 billion BGN. The largest value is the value of the goods imported from the Russian Federation, Turkey, China and Serbia.

In December 2017, Bulgaria’s imports from third countries increased by 29.6% compared to the same month of the previous year and amounted to 2.05 billion BGN.

The foreign trade balance of Bulgaria with third countries in 2017 is negative and amounts to 3.62 billion BGN.

In the period January-November 2017 the Bulgaria’s EU exports increased by 11.4% compared to the same period in 2016 and amounted to 31.98 billion BGN. Bulgaria’s main trading partners are Germany, Italy, Romania, Greece, France and Belgium, which account for 67.5% of exports to EU Member States.

Only in November exports to the EU grew by 15.3% compared to the same month of the previous year and amounted to 3.21 billion BGN.

Bulgaria’s EU imports in the period January-November 2017 increased by 11.4% compared to the same period in 2016 and amounted to 34.44 billion BGN. The largest value of goods imported from Germany, Italy, Romania, Spain and Greece.

In November 2017, Bulgaria’s imports from the EU Member States increased by 15.4% compared to the same month of the previous year and amounted to 3.60 billion BGN.

The foreign trade balance of Bulgaria with the EU for the period January-November 2017 is negative and is worth 2.46 billion BGN.


Leave a Reply

Your email address will not be published. Required fields are marked *

About Silvia Hristova

My name is Silvia Hristova. I am 44 year-old woman from Varna, Bulgaria, working as author and analyzes contributor of Economics Gazette Journal. I graduated in University of Economics in Varna and have long experience, as finance and business analyst in local investment funds and banks. Also has long time experience as freelance economy and finance journalist.