Bulgaria trade gap widens in March

Crops

Photo by Adela Lia Rusu / Shutterstock.com

Bulgaria’s trade deficit rose to BGN 636.8 million (EUR 325.6 mln) in March from BGN 553.1 mln in the same month of the previous year, figures from the country’s statistics institute show. 

Large capacity ship loads cargo into hold at the Black Sea port of Balchik, Bulgaria. Photo by Adela Lia Rusu / Shutterstock.com

Exports declined 8.8% to BGN 4,384.7 mln, and imports fell 6.3% to BGN 5,021.5 mln.

In the first three months of the year, the country’s trade shortfall narrowed to BGN 1,461.4 mln from BGN 1,477.9 mln, as both exports and imports decreased 1.1%, NSI said om May 13.

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