Bulgaria ran a deficit of 898.5 million levs in trade in goods with Russia
In January, Bulgarian exports (FOB) to Russia increased 20.8% year-on-year, reaching 67.3 million levs, the National Statistical Institute (NSI) said in a statement.
Bulgaria's imports (CIF) of goods from Russia, which consist mainly of oil and gas, grew in the first month of 2022 to 965.8 million levs, from 258.1 million levs in January 2021.
In a similar way, Bulgaria's imports from Ukraine exceeded its exports to that country in the review period, resulting in a trade gap of 164.5 million levs. Bulgaria's exports (FOB) to Ukraine grew by about a quarter on the year in January, reaching 75 million levs, while imports (CIF) from Ukraine increased by 175.6% to 239.5 million levs.
Bulgaria's overall deficit in trade in goods increased almost five-fold year-on-year in January, reaching 1.4 billion levs.