Bulgaria

Bulgaria ranked No. 87 in total trade value through May with a total of $507.92 million. Exports totaled $173.06 million and Imports totaled $334.85 million, a deficit of $161.79 million.

U.S. trade with Bulgaria rose to $401.98 million through May

Bulgaria’s trade with the United States rose to $401.98 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.21 percent below its total trade during the same time period last year. U.S. exports to Bulgaria decreased 31.69 percent while U.S. imports from Bulgaria fell 15.29 percent. The U.S. deficit with Bulgaria was $150.48 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Cleveland’s Hopkins International Airport, Ohio; No. 4 Chicago O’Hare International Airport; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Port of Vancouver, Wash.; No. 4 Port of New Orleans and No. 5 Cleveland’s Hopkins International Airport, Ohio. In the current time period, the top five accounted for 44.44 percent of Bulgaria’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 18.23 percent to $95.67 million.
    Exports fell 50.24 percent to $2.17 million. Imports rose 22.13 percent to $93.5 million.
  • Trade with No. 2 Port of Houston fell 22.47 percent to $50.39 million.
    Exports rose 89.09 percent to $35.88 million. Imports fell 68.47 percent to $14.51 million.
  • Trade with No. 3 Cleveland’s Hopkins International Airport, Ohio fell 16.32 percent to $28.24 million.
    Exports fell 20.27 percent to $15.17 million. Imports fell 11.21 percent to $13.07 million.
  • Trade with No. 4 Chicago O’Hare International Airport fell 6.19 percent to $26.89 million.
    Exports rose 9.38 percent to $5.67 million. Imports fell 9.62 percent to $21.22 million.
  • Trade with No. 5 Port of Virginia fell 12.56 percent to $24.52 million.
    Exports rose 7.99 percent to $2.23 million. Imports fell 14.19 percent to $22.3 million.

Bulgaria ranked No. 87 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 88.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Bulgaria by value through May were the categories of Copper ores and concentrates; Compressors and pumps; Tractors; Passenger vehicles; and Civilian aircraft, parts, respectively. They accounted for 48.05 percent of total exports to Bulgaria.

The value of the top five categories of U.S. imports from Bulgaria –– Sunflower seeds; Heterocyclic chemical compounds; Medical instruments; Essential oil resins; and Raw tobacco –– accounted for 26.47 percent of all inbound shipments.

Looking more closely at U.S. exports to Bulgaria:

  • Copper ores and concentrates fell 49.16 percent compared to last year to $31.57 million.
  • Compressors and pumps rose 13503 percent compared to last year to $26.71 million.
  • Tractors fell 43.87 percent compared to last year to $10.25 million.
  • Passenger vehicles fell 26.43 percent compared to last year to $7.37 million.
  • Civilian aircraft, parts fell 36.81 percent compared to last year to $7.27 million.

Looking more closely at U.S. imports from Bulgaria:

  • Sunflower seeds rose 146.31 percent compared to last year to $31.51 million.
  • Heterocyclic chemical compounds totaled $16.31 million. The previous year, there were no imports in this category.
  • Medical instruments fell 52.07 percent compared to last year to $14.05 million.
  • Essential oil resins fell 17.84 percent compared to last year to $13.85 million.
  • Raw tobacco fell 10.53 percent compared to last year to $12.91 million.

In the latest annual figures available, Bulgaria recorded $1.37 billion in trade with the United States. Total U.S. exports to Bulgaria were $ 462.39 million and imports from Bulgaria were $910.66 million. The U.S. deficit with Bulgaria was $448.27 million.