In 2019 Bulgarian Exports To EU Increased By 2.9%

In 2019, Bulgarian exports to the EU grew by 2.9% compared to 2018 and amounted to BGN 38,779.5 million. Main trade partners of Bulgaria were Germany, Romania, Italy, Greece, France and Belgium which accounted for 66.5% of the exports to the EU Member States, the National Statistical Institute (NSI)said on its website. 

In December 2019, the exports to the EU dropped by 4.7% compared to the corresponding month of the previous year and amounted to BGN 2,548.4 million.

Bulgarian imports from the EU in 2019 increased by 3.1% compared to 2018 and reached BGN 41,143.0 million (at CIF prices). The largest amounts were reported for the goods imported from Germany, Italy, Romania, Greece and Spain. In December 2019, the Bulgarian imports from the EU Member States increased by 4.6% compared to the corresponding month of the previous year and amounted to BGN 3,206.5 million.

In 2019, compared to 2018, the largest growth in imports from the EU distributed according to the Standard International Trade Classification was reported in the section ‘Beverages and tobacco’ (27.9%) while the most notable fall was observed in the section ‘Crude materials, inedible (except fuel)’ (16.5%).The foreign trade balance of Bulgaria (export FOB -import CIF) with the EU in 2019 was negative and added up to BGN 2,363.5 million.

Read More

Gauselmann Group Buys Majority Stake In Bede Gaming

German gaming and gambling company Gauselmann Group said that it has acquired a majority stake in Bulgaria-active peer Bede Gaming for an...

BMW Signs €540m Deal With Chinese Supplier

German automotive giant BMW has announced that it has signed a deal with a Chinese supplier to cover all its lithium needs for battery electric vehicles over the...

New Car Registrations On The Rise

New passenger car registrations in Bulgaria rose by an annual 22.6% to 18,082 in the first half of the year, the European Automobile Manufacturers...

Recent

Sofia Is Opening More Parks For Visitors After The Quarantine

By order of Sofia Mayor Yordanka Fandakova, the Vrana Park-Museum and the Military Academy Park in Bulgaria’s capital open for visitors today. The...

Foreign Seasonal Workers In Bulgaria Increasing

The number of the foreign workers registered for seasonal employment in Bulgaria has increased significantly since the beginning of this year. This was announced at a...

Bulgarian Parliament Ratifies Refugee Mechanism Agreement

Parliament ratified the Agreement on the Refugee Mechanism in Turkey between the Member States of the European Union and the European Commission. The funds...