In 2020 Bulgaria exported commodities worth USD 31.8 billion, a drop of 4.4% compared to the pre-pandemic 2019 when exports amounted to USD 33.4 billion.
Bulgaria climbs to 58th from 60th position in 2019 among all exporters globally. Within the EU, Bulgaria is in 21st position, in 2019 the country occupied 20th position, the Bulgarian Industrial Association has announced. Electronics accounted for the biggest share of exports in 2020 at USD 3.5 billion.
Over the past five years Bulgarian exports have increased by 20%. By way of comparison, exports in the world have marked a 3% increase over the same period, and a 7% drop in 2020. The increased competitiveness is due most of all to the international companies in Bulgaria, and to a lesser degree to local companies, the Association notes.
Caretaker Deputy Prime Minister and Finance Minister Lyudmila Petkova, Vice President of the European Commission Valdis Dombrovskis and European Commissioner for Economy Paolo Gentiloni signed, in Luxemburg, a partnership agreement between the..
The country's GDP stands at 64% of the European average. Unlike Romania, we have not yet crossed the 70% threshold. What distinguishes Bulgaria from other countries in the region is that they have higher levels of investment, better rule of law, and..
Bulgaria is among the largest producers of lavender oil in the world. Nearly 100% of it is export-oriented. The highest demand is in the USA, Germany, France, Austria, The Netherlands, India, Great Britain, Spain, Canada, Marocco,..
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