Bulgarian exports and imports have continued their decline, National Statistical Institute data show.
Because of the pandemic Bulgaria’s total exports went down in July by 10.7% to 2.446 billion euro compared to a year earlier. The country’s total imports went down by 15.9% to 2.564 billion euro. The foreign trade balance was negative in July at 119 million euro, compared to a deficit of 312 million euro in July 2019.
Over the first seven months of 2020 Bulgaria’s total exports went down by 7.5% to 15.9 billion euro compared to the same period of 2019, while imports shrank by 12.8% down to 17 billion euro. The total foreign trade balance from January to July was at a deficit of 1.1 billion euro.
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There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
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