Bulgaria reports increased exports but trade deficits continue

Bulgaria has reported increased exports to other European Union and non-EU countries on an annual basis, but trade deficits continue.

According to figures released by the National Statistical Institute (NSI) on November 9, in January to August 2015, Bulgarian exports to other EU countries were 9.7 per cent higher than in January to August 2014. The NSI said that in January – September 2015, Bulgarian exports to third countries increased by 2.4 per cent compared to the corresponding period of 2014.

The NSI said that in the period January to August 2015, Bulgaria’s exports to other EU countries added up to 19.2 billion leva (about 9.8 billion euro).

Among other EU countries, Bulgaria’s main trading partners were Germany, Italy, Romania, Greece, France and Belgium, which accounted for 69.8 per cent of exports to EU member states.

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(Photo: Clive Leviev-Sawyer)