Bulgaria's Jan-Nov trade gap narrows to 2.3 bln euro

Bulgaria's Jan-Nov trade gap narrows to 2.3 bln euro

Bulgaria's trade deficit fell to some 4.5 billion levs ($2.8 billion/2.3 billion euro) in the first eleven months of 2020, compared to a gap of 6.2 billion levs in the same period of 2019, the statistical office said on Wednesday, citing preliminary data.

Eleven-month exports (FOB) fell 7.8% year-on-year to 50 billion levs, while imports (CIF) declined by an annual 9.9% to 54.5 billion levs, the National Statistical Institute (NSI) said in a statement.

In November alone, Bulgaria's trade gap widened to 829.6 million levs, from 345.0 million levs in the same month of 2019, as exports declined by 9.6% to 4.8 billion levs, whereas imports edged down 0.5% to 5.7 billion levs.

 

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