Bulgaria’s Jan’17 trade balance at a deficit of BGN 0.3bn vs a surplus of BGN 0.1bn in Jan’16

Bulgaria’s January’17 exports (FOB) to third countries increased by 12.7% YoY to BGN 1.3bn, while the imports (FOB) were up 30.4% YoY to BGN 1.5bn. At the same time, the exports to the EU increased by 6.6% YoY to BGN 2.4bn and the imports added 16.0% YoY to BGN 2.5bn. As a result, the total January‘17 exports increased by 8.7% YoY to BGN 3.7bn and the total imports grew by 21.0% YoY to BGN 4.0bn, netting a trade deficit of BGN 271.7m, compared to a surplus of BGN 126.2m in January’16.