site.btaBulgaria's Trade Balance Shows EUR 439.1 Mln Deficit in November 2022 

Bulgaria's trade balance in November 2022 showed a deficit of EUR 439.1 million, down from a deficit of EUR 539.2 million in November 2021. For January-November 2022, the trade deficit amounted to nearly EUR 3.7 billion (4.7% of the estimated GDP), up from EUR 2.365 billion (3.3% of GDP) the same time a year earlier, the Bulgarian National Bank (BNB) said Wednesday.

Exports of goods were worth EUR 4.325 billion in November 2022, up by more than EUR 1.181 billion (37.6%) from November 2021. January-November exports were worth nearly EUR 43.582 billion (55.2% of GDP), growing by nearly EUR 12.261 billion (39.1%) from the same period in 2021.

Imports of goods for November 2022 were worth over EUR 4.764 billion, increasing by nearly EUR 1.1 billion (29.4%) from November 2021.  January-November imports totalled over EUR 47.267 billion (59.8% of GDP), growing by more than EUR 13.581 billion (40.3%) from the same period in 2021.

Bulgaria ran a surplus in the trade in services, and it totalled EUR 306.1 million, up from a surplus of EUR 288.3 million in November 2021. The January-November 2022 balance showed a surplus of EUR 4.869 billion (6.2% of GDP), up from EUR 3.820 billion (5.4% of GDP) in January-November 2021.

The country's current and capital account in November showed a surplus of EUR 73.5 million against a deficit of EUR 316.1 million in November 2021. In January-November 2022, the current and capital account had a surplus of EUR 326.9 million (0.4% of GDP), down from EUR 722 million (1% of GDP) in January-November 2021.

In November 2022, the current account showed a deficit of EUR 142 million, down from a deficit of EUR 345.9 million in November 2021. For January-November 2022, the current account shows a surplus of EUR 456.5 million (0.6% of GDP), up from a surplus of EUR 133.4 million (0.2% of GDP) for January-November 2021.

Foreign direct investment in Bulgaria (based on the original direction of investment) is estimated to increase by EUR 0.7 million in November 2022, against an increase of EUR 86.5 million in November 2021. In January-November 2022, foreign direct investment increased by nearly EUR 1.527 billion (up from EUR 1.458 billion in January-November 2021).