Bulgarian exports grew by 34% year on year in the first quarter of 2022

According to bourgas.ru, Bulgarian exports grew by 34% year-on-year in the first quarter of 2022. It is reported by the National Statistical Institute.

During this period, goods worth 20.9 billion leva were exported from our country. At the same time, however, imports of goods are growing faster than exports.

In the first quarter, imports jumped 41.4% year on year. Import of goods to our country during this period amounted to 24.2 billion leva.
Thus, at the end of the first quarter, Bulgaria reported a negative trade balance of BGN 3.3 billion. A significant part of this result is due to the negative balance of foreign trade with Russia, which at the end of March is BGN 2.8 billion. It is formed by imports in the amount of just over 3 billion leva and exports of goods in the amount of only 176 million leva. Imports from Russia are carried out mainly in the form of energy carriers.

Specifically, in March, goods worth 8.08 billion leva were exported from our country, which is a record figure. This represents an increase of almost 39% compared to the same month of the previous year 2021. In the third month of this year, Bulgaria imported goods worth BGN 8.9 billion, up 33.7% year on year.

Thus, in March the balance of foreign trade was also negative and amounted to -856.1 million leva.

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