Bulgaria's Jan-July trade gap narrows to 1.1 bln euro

Bulgaria's Jan-July trade gap narrows to 1.1 bln euro

Bulgaria's trade deficit decreased to 2.2 billion levs ($1.3 billion/1.1 billion euro) in the first seven  months of 2020, from 4.5 billion levs in the same period of 2019, the statistical office said on Monday, quoting preliminary data.

Exports (FOB) declined by 7.5% year-on-year to 31.1 billion levs during the January-July period, while imports (CIF) decreased by 12.8% to 33.2 billion levs, the office of statistics, NSI, said in a statement.

In July alone, Bulgaria's trade gap narrowed to 231.5 million levs from 610 million levs in the same month of last year, as exports decreased by 10.7% year-on-year, to 4.8 billion levs, and imports fell 15.9%, to some 5.0 billion levs.

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