Bulgaria’s H1 2020 exports drop by 8% y/y, imports down by 11.7%

Bulgaria’s exports in June 2020 added up to 4.31 billion leva, a decrease of 7.2 per cent compared with June 2019, the National Statistical Institute (NSI) said on August 12.

In the first half of 2020, the total value of all the goods exported from Bulgaria amounted to 26.06 billion leva in FOB (free on board) prices, about eight per cent less than January – June 2019, the NSI said.

The total value of all the goods imported into Bulgaria in January – June 2020 amounted to 28.18 billion leva at CIF prices (with cost, insurance and freight to the border included), which was 11.7 per cent less than the same period of 2019.

In June 2020, total imports of goods into Bulgaria decreased by 6.9 per cent compared with the same month 2019, adding up to 4.77 billion leva.

The total foreign trade balance (exports FOB – imports CIF) was negative in the first six months of 2020 and amounted to 2.13 billion leva, compared to a trade gap of 3.62 billion leva recorded in the first half of 2019.

In June 2020 the total foreign trade balance (exports FOB – imports CIF) was also negative and added up to 461.6 million leva, the NSI said.

Bulgaria declared a State of Emergency on March 13 because of the Covid-19 global pandemic. The State of Emergency remained in force until May 13, when it was followed by the declaration of an epidemic. That declaration has been extended several times, most recently to end-August.

(Photo: Julian Hoste/freeimages.com)

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