In December 2019, total exports of goods from Bulgaria added up to 4 127.8 million leva, a drop of two per cent compared with December 2018, the NSI said. 2019 : U.S. trade in goods with Bulgaria . Economic Overview. In 2018 Bulgaria was the number 74 economy in the world in terms of GDP (current US$), the number 63 in total exports, the number 60 in total imports, and the number 47 most complex economy according to the Economic Complexity Index (ECI). The Trading Economics Application Programming Interface (API) provides direct access to our data. Bulgaria has undergone a significant transformation over the past three decades. The latest value from 2019 is 43.18 billion U.S. dollars. Applying a continental lens, 74.5% of Bulgaria’s exports by value were delivered to European countries while 15.7% were sold to importers in Asia. Bulgaria’s imports from other EU countries were 3.1 per cent higher in 2019 than in 2018, adding up to 41 143 million leva at CIF prices. Bulgaria exports of Polyurethanes; in primary forms was $1,291.22K and quantity 181,255Kg. Imports into Bulgaria in 2019 amounted to 61 272.8 million leva (at CIF, meaning Cost Insurance and Freight, prices), about 2.5 per cent less than in 2018. 87. 4.2% Bulgaria’s highly educated workforce has the lowest minimum wage in the EU. Bulgaria exports for 2019 was $43.18B, a 0.95% decline from 2018. Exports: $29.08 billion (2017 est.) The change in exports was 39.14 percent and the change in imports was -12.33 percent. Last Published: 9/19/2019. It changed from a centralized, planned economy to an open, market-based, middle-income economy anchored in the European Union and NATO. Sales of commodity group 4010 from Bulgaria went up by 3.26% compared to 2018: exports of commodity group 4010 "Conveyor or transmission belts or belting, of vulcanised rubber." NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Bulgaria's main exports partners are Germany,Turkey, Italy, Greece and Romania. That dollar amount reflects a 29.2% gain since 2015 but a -0.03% dip from 2018 to 2019. Log in. Cheese imports were sourced mainly from Poland, Germany, and the Netherlands. Cheese exports are traditionally important for Bulgaria and supported by various private and public programs. Sorry, your blog cannot share posts by email. Post was not sent - check your email addresses! The value of merchandise exports from Bulgaria totalled $ 33 billion in 2019. In 2018, Bulgaria exported $34B and imported $38.3B, resulting in a negative trade balance of -$4.31B. The average value for Bulgaria during that period was 15.76 billion U.S. dollars with a minimum of 4.14 billion U.S. dollars in 1993 and a maximum of 43.6 billion U.S. dollars in 2018. In the period January - August 2020 the exports of goods from Bulgarian to the EU decreased by 6.7% in comparison to the same period of 2019 and amounted to 23 245.7 Million BGN while the imports of goods to Bulgaria from the EU dropped by 12.3% and reached 23 222.5 Million BGN. Bulgaria, a former communist country that entered the EU in 2007, has an open economy that historically has demonstrated strong growth, but its per-capita income remains the lowest among EU members and its reliance on energy imports and foreign demand for its exports makes its growth sensitive to external market conditions. In May 2019 the exports of goods from Bulgaria to third countries increased by 13.0% compared to the corresponding month of the previous year and amounted to 1 470.2 Million BGN. Table reflects only those months for which there was trade. $25.37 billion (2016 est.) The total value of all the goods imported into Bulgaria in January – May 2019 was 25 747.0 million leva (at CIF prices), 3.5 per cent more than January – May 2018, the NSI said. Publish your articles and forecasts in our website. In April 2019, the total exports of goods from Bulgaria added up to 4 496.7 million leva, an increase of 6.1 per cent compared with April 2018. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Download historical data for 20 million indicators using your browser. Overall commodity exports from Bulgaria decreased by 1.09% compared to 2018. The second lists top trade partners of Bulgaria regarding import total (buying). In 2019, goods with a value of … Bulgaria exported US$33.3 billion worth of goods around the globe in 2019. Definition: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. The NSI said that in December 2019, exports to the EU dropped by 4.7 per cent compared with November, amounting to 2548.4 million leva. Bulgaria Economic forecast for Bulgaria The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). After the fall of the Berlin wall 30 years ago, Bulgaria underwent significant transformation. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The value of exports of commodity group 4010 "Conveyor or transmission belts or belting, of vulcanised rubber." Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Electrical machinery, equipment: US$3.7 billion (11% of total exports), Mineral fuels including oil: $3.1 billion (9.2%), Machinery including computers: $2.8 billion (8.4%), Plastics, plastic articles: $1 billion (3.1%), Clothing, accessories (not knit or crochet): $832.9 million (2.5%), Copper: US$1.7 billion (Down by -20.8% since 2018), Clothing, accessories (not knit or crochet): $528.3 million (Down by -10.3%), Arms, ammunition: $425.6 million (Reversing a -$59,000 deficit), Knit or crochet clothing, accessories: $371.3 million (Down by -11%), Oil seeds: $315.7 million (Down by -25.2%), Furniture, bedding, lighting, signs, prefabricated buildings: $268.2 million (Down by -27%), Animal/vegetable fats, oils, waxes: $223.3 million (Down by -6.3%), Inorganic chemicals: $177.9 million (Down by -12.3%), Mineral fuels including oil: -US$2 billion (Down by -7% since 2018), Machinery including computers: -$948.7 million (Down by -19.1%), Iron, steel: -$670.7 million (Up by 4.3%), Plastics, plastic articles: -$624.3 million (Down by -13.6%), Ores, slag, ash: -$606.1 million (Down by -59.7%), Pharmaceuticals: -$476.6 million (Down by -14%), Paper, paper items: -$236.4 million (Down by -17.3%), Articles of iron or steel: -$232.2 million (Reversing a $299.3 million surplus), LUKOIL Neftochim Burgas (petrochemical products). Again according to the NSI data in the period January – September 2019 Bulgarian exports to the EU grew by 3.3% in comparison with the same period of 2018 and amounted to 29 049.1 Million BGN. This page displays a table with Bulgaria Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. 1% Exports of iron and steel declined at an annual rate of 2.3% from 2008 to 2018. Exports in Bulgaria averaged 2737.81 BGN Million from 2000 until 2020, reaching an all time high of 5500.40 BGN Million in October of 2019 and a record low of 607.60 BGN Million in January of 2000. In May 2019, Bulgaria’s total exports of goods added up to 4 639.3 million leva, about 7.3 per cent higher than in May 2018. Factbook > Countries > Bulgaria > Economy. That is, most products are imported from these countries to Bulgaria. English is widely spoken. This page provides forecast and historical data, charts, statistics, news and updates for Bulgaria Net Exports. In macroeconomic terms, Bulgaria’s total exported goods represent 19.5% of its overall Gross Domestic Product for 2019 ($171.2 billion valued in Purchasing Power Parity US dollars). Published by H. Plecher, Aug 5, 2020 The statistic shows the value of goods exported from Bulgaria from 2009 to 2019. Bulgaria exports for … In 2019, exports for Bulgaria was 43,167 million US dollars. The total value of all the goods imported into Bulgaria in January – April 2019 was 20 608.9 million leva (at CIF prices), 4.6 per cent more than January – April 2018. Bulgaria, a former communist country that entered the EU in 2007, has an open economy that historically has demonstrated strong growth, but its per-capita income remains the lowest among EU members and its reliance on energy imports and foreign demand for its exports makes its growth sensitive to external market conditions. Bulgaria - Import Requirements and Documentation Bulgaria-Import-Requirements Includes import documentation and other requirements for both the U.S. exporter and foreign importer. In October 2020, the total exports of goods from Bulgaria added up to 4 907.6 million leva, a decrease of 10.8 per cent compared with October 2019. Rank 2019. Bulgaria Exports. The total value of all the goods imported into Bulgara in January – October 2020 amounted to 48 803.0 million leva (at CIF prices), about 10.9 per cent less than January – October 2019. Bulgaria … Bulgaria: Economy contracts at milder rate in the third quarter November 13, 2020 According to a flash estimate, GDP declined 5.2% year-on-year in the third quarter—a softer drop than the second quarter’s 8.6% slump—as the gradual lifting of Covid-19 containment measures enabled some recovery in activity. Updated as of 2019. World exports of sea transport services declined at an average annual rate of 1% between 2008 and 2018. Goods exports of Bulgaria increased from 4,824 million US dollars in 2000 to 32,564 million US dollars in 2019 growing at an average annual rate of 11.98%. Main trade partners of Bulgaria were Germany, Romania, Italy, Greece, France and Belgium which accounted for 66.3% of the exports to the EU Member States. Bulgaria Inflation Rate Drops to 0.8% in October, Bulgaria Retail Sales Fall at Slower Pace in September, Bulgaria Construction Output Falls Less in September, Bulgaria Industrial Output Shrinks for 7th Month, Bulgaria Consumer Morale Remains Weak in Q4, Bulgaria Tourist Arrivals Fall 67.9% YoY in August, Bulgaria Current Account Surplus Narrows in June, Bulgaria Producer Inflation Slows to 8-Month Low of 1.4%, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week, French Shares Finish in the Red, Fall 1.8% on the Week. Market Value: 17,710 (millions) – Last Updated: June, 2019 Bulgaria Major Exports. Direct access to our calendar releases and historical data. That 20.5% for exports to overall GDP in PPP for 2019 compares to 20.5% for 2018. Details may not equal totals due to rounding. about $900,000 (value) (Graph 8). Exports in Bulgaria increased to 4833.10 BGN Million in September from 4121.20 BGN Million in August of 2020. Facts and statistics about the Exports of Bulgaria. Bulgaria Exports By Country Value Year; Germany: $4.93B 2019 Romania: $2.91B 2019 Italy: $2.45B 2019 Turkey: $2.42B 2019 Greece: $2.25B Real GDP growth strengthened from 3.1% in 2018 to 3.5% (year-on-year) in the first quarter of 2019. It has transformed from a highly centralized, planned economy to an open, market-based, upper-middle-income economy securely anchored in the EU. 2000-2020 Data | 2021-2022 Forecast | Historical | Chart | News. Bulgaria exports mostly fuels, manufactured goods (clothing, footwear), machinery and transport equipment and chemicals. In 2019, goods exports for Bulgaria was 32,564 million US dollars. 2.3% Exports of pharmaceuticals saw the biggest increase among manufactured goods, rising by 4.2% per year between 2008 and 2018. In the period January - November 2019 the exports of goods from Bulgaria to third countries increased by 4.5% in comparison with the same period of the previous year and added up to 17 549. Bulgaria’s total trade with the United States was $874.72 million through September, a change of -1.80 percent from the same month one year ago. Net Exports for Bulgaria from National Statistics Institute (NSI) - Republic of Bulgaria for the National Accounts release. Exports of Bulgaria increased from 6,999 million US dollars in 2000 to 43,167 million US dollars in 2019 growing at an average annual rate of 11.21%. 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