Bulgaria's trade gap narrows to 2.7 bln euro in 2020

Bulgaria's trade gap narrows to 2.7 bln euro in 2020

Bulgaria's trade deficit decreased to some 5.2 billion levs ($3.2 billion/2.7 billion euro) in 2020, compared to a gap of 7.5 billion levs in 2019, as imports fell more than exports, the statistical office said on Wednesday, citing preliminary data.

Full-year exports (FOB) dropped by an annual 6.9% to 54.4 billion levs last year, while imports (CIF) declined by 9.6% to 59.6 billion levs, the National Statistical Institute (NSI) said in a statement.

In December alone, Bulgaria's trade gap narrowed to 726.5 million levs, compared with 1.3 billion levs in the same month of 2019, as exports rose by 5.6% to 4.4 billion levs, whereas imports fell 6.2% to some 5.2 billion levs.

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