Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

BIA: Which are Bulgaria's leading foreign markets?

Photo: Pixabay

The most important market for the Bulgarian economy is Germany - with 14.8% of total exports. It is followed by Romania, Italy, Turkey, Greece, France, Belgium, China, Spain, the Netherlands. These 10 partners account for the markets for 59.6% of Bulgaria's exports. This is shown by data from an analysis of the Bulgarian Industrial Association (BIA).
We have the largest positive trade balance with Greece - USD 525 million, followed by Germany, Tunisia, Great Britain, USA. The biggest negative trade balance of Bulgaria is with Russia to the tune of USD 3,146 billion, with a total trade deficit of Bulgaria of USD 3,937 billion.
The main markets for more value-added goods are the large economies in the EU, but often from there Bulgarian products are sold all over the world.
The increased competitiveness of Bulgaria's production is mainly due to international companies in Bulgaria and less to local companies. Successful Bulgarian companies are those that work mainly for foreign markets and are not subject to significant regulatory burden, the analysis shows.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sofia

Use of solid fuels will be banned in 9 Sofia regions

As of next year, use of solid fuels for domestic heating in buildings which are part of central heating and gas supply networks will be banned in nine Sofia regions, Deputy Mayor of Sofia Nadezhda Bobcheva announced at the opening of a round table..

published on 11/25/24 2:11 PM
Boyko Borissov

GERB says it will only hold negotiations with the participation of party leaders on the formation of a cabinet

“ There will only be negotiations among party leaders if they are for the formation of a ruling majority and a regular government,” GERB party declared at a briefing after a meeting of GERB’s executive commission, in regard to a possible meeting..

published on 11/25/24 1:05 PM

Homeless people in Ruse to receive a free hot meal

For the 13th consecutive year, homeless people in the town of Ruse will receive a free hot meal during the winter months. The social kitchen of the Bulgarian Red Cross opens its doors again in the biggest Bulgarian city on the Danube River. It has a..

published on 11/25/24 12:02 PM