FX.co ★ Bulgaria Trade Deficit Hits Record High

In October 2025, Bulgaria experienced a substantial increase in its trade deficit, reaching BGN 2,366.5 million, up from BGN 1,740.5 million in October of the previous year. This represents the largest trade deficit recorded to date, primarily due to the fact that the growth rate of exports lagged behind that of imports. Specifically, exports witnessed a modest year-on-year rise of 0.6%, totaling BGN 7,769.5 million. This growth was attributed to a 2.9% increase in exports to EU countries, although there was a 3.8% decline in exports to non-EU countries. Concurrently, imports surged by 7.1% to BGN 10,136 million, fueled by increased purchases from both EU countries (7.9%) and non-EU countries (6%). Over the January to October period, Bulgaria’s trade deficit expanded to BGN 16,260 million, driven by a 3.7% decrease in exports and a 5.1% increase in imports.