Balance of trade

Price hikes led to a deficit in the external balance of agricultural products in 2022, after two years, in 2020 and 2021, in which a surplus had been recorded.

China's export growth tumbled in April as global demand weakened, adding to pressure on the world's second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks.

Bulgaria's total foreign trade balance was negative in the first two months of the year and amounted to BGN 2.46 billion, according to the National Statistical Institute. The balance with third countries in the period January - February 2022 is also negative and amounts to BGN 2.51 billion.

Ljubljana – The newspaper Delo warns in Saturday’s commentary against misinterpretation of macroeconomic indicators before election, noting that rather than boasting with figures politicians should offer solutions for the future.

Ljubljana, 9 August – Slovenia exported EUR 3.3 billion in goods in June, which is 21% more year-on-year, while imports were up by 30.6% to EUR 3.4 billion, the Statistics Office reported on Monday.

In June, a deficit in trade was recorded for a third month in a row, standing at EUR 100 million, with exports covering imports at a rate of 97.5%.

In May 2021, the current account showed a deficit of €1.4 billion, up by €477 million year-on-year.

In the period January - May 2021, goods worth a total of BGN 26,355.3m were exported from Bulgaria, which is 19.4% more than in the same period of 2020, according to preliminary data from the National Statistical Institute. In May 2021 the total exports of goods amounted to BGN 5,084.7m and increased by 32.3% compared to the same month of the previous year.

Turkey saw record high exports in both June and the first half of 2021 thanks to the country's strong performance since the beginning of this year, the trade minister announced on July 2. 

Turkish exports reached $19.8 billion in June, up 47% from the same month last year, Mehmet Muş said, citing preliminary foreign trade figures.

Greek products have displayed remarkable resilience in international markets, but the pandemic has had a negative effect on Greek fuel exports as both sale prices and quantities exported posted a considerable decline last year.

In 2018, EU exports of services to countries outside of the EU were valued at €945 billion, while extra-EU imports were valued at €795 billion. Over the last decade, EU ran a trade surplus for services, with a peak in 2018 at €149 billion, Eurostat data showed.