Bulgaria’s Apr’21 trade deficit amounted to BGN 288.3m

14.06.2021 Source: NSI; FFBH

According to preliminary data, foreign trade with third countries in Apr’21 resulted in a trade deficit of BGN 586.9m (+164.6% YoY) compared to a deficit on BGN 221.8m a year earlier, as imports/CIF (BGN 2.4bn) surged 46.9% YoY, while exports/FOB (BGN 1.9bn) grew 28.8% YoY. Apr’21 exports to the EU (BGN 3.9bn) jumped 59.5% YoY, while imports (BGN 3.6bn) grew 56.6% over the same period. This resulted in a positive trade balance with the EU for the month of BGN 298.6m (+2x YoY). Total trade balance in Apr’21 was negative and amounted to BGN 288.3m (+297% YoY) as total exports increased by 47.9% to BGN 5.8bn, while total imports jumped 52.5% YoY and amounted to BGN 6bn. Total trade balance FOB/CIF in the first 4-mo of 2021 came at negative BGN 1.9bn, increasing by 39.9% YoY from negative BGN 1.4bn in the comparable period of 2020. Total exports were up by 16.6% YoY to BGN 21.3bn while total import added 18.2% to BGN 23.2bn.