LM Legal Services Blog

Bulgaria’s export has increased by 23 %, while the import in the country has increased by 27% for the first six months of the year in comparison to 2007 according to the National Statistics Institute. The export has reached 15.119 billion Bulgarian levs, of which export for 9.125 billion levs went to the EU countries. The increase of the export to non-EU countries has increased faster and its growth is 35%. The major export destination for Bulgarian goods is Turkey, where Bulgarian goods have sold to the value of 1.617 billion levs.

At the same time the import has reached 23.505 billion levs, of which the import from EU countries has been for 11.047 billion lev. Oil to the value of 4.789 billion levs is the major import from non-EU countries which has reached 10.87 billion levs. The major part of the imported products have come from Russia – to the value of 3.4 billion levs. Ukrainian goods (2.2 billion levs) are in second place, while Turkish goods (1.376 billion levs) take third place.

Bulgaria’s trade deficit has increased to 8.386 billion levs from 6.226 billion levs in the first half of 2007.