site.btaJanuary-September Balance on Goods Shows Deficit of EUR 920.4 Mln - Central Bank

Sofia, November 17 (BTA) - In September 2020, Bulgaria's balance
 on goods showed a deficit of 136 million euro, compared with a
deficit of 150.5 million euro the same month of 2019, the
Bulgarian National Bank reported here on Tuesday. In
January-September 2020, the balance on goods was negative at
920.4 million euro (1.6 per cent of GDP), compared with a
deficit of 1,948.3 million euro (3.2 per cent of GDP) the same
time last year. 

The export of goods was worth 2,478.8 million euro in September
2020, increasing by 11.2 million euro (0.5 per cent) from
September 2019. The January-September export totalled 19,954.4
million euro (35.2 per cent of the GDP), down by 1,660.4 million
 euro from the like period of 2019, when it was 35.3 per cent of
 GDP.

The import of goods totalled 2,614.7 million euro in September
2020, decreasing by 3.3 million euro (0.1 per cent) from this
time last year. Imports added up to  20,874.3 million euro in
January-September (36.8 per cent of the GDP), dropping by
2,688.4 million euro (11.4 per cent) from this time last year.

The balance on services showed a surplus of 141.5 million euro
in September 2020, down from 541.2 million euro in September
2019. It added up to a surplus of 2,110 million euro (3.7 per
cent of GDP) in January-September 2020, down from 4,084 million
euro (6.7 per cent of GDP) this time last year.

The current and capital account showed a deficit of 116.3
million euro in September 2020, compared with a surplus of 432
million euro this time last year. The January - September 2020
current and capital account had a surplus of 1,390.8 million
euro (2.5 per cent of GDP), compared with a surplus of 2,780.6
million euro (4.5 per cent of GDP) in January - September 2019.
   
The current account had a deficit of 183.5 million euro in
September 2020 (down from a surplus of 364.1 million euro in
September 2019), adding up to a surplus of 651.9 million euro in
 January-September 2020 and 1.1 per cent of the GDP (down from
2,095.8 million euro and 3.4 per cent of the GDP in
January-September 2019).    
  
The capital account had a surplus of 67.2 million euro in
September (down from 67.9 million euro in September 2019),
adding up to a surplus of 738.8 million euro in
January-September 2020 and 1.3 per cent of the GDP (up from
684.7 million euro and 1.1 per cent of the GDP in
January-September 2019).    
   
The financial account showed a surplus of 108.7 million euro in
September 2020, down from a surplus of 438.3 million euro this
time last year. It added up to a surplus of 3,761.6 million euro
 in January-September 2020 (6.6 per cent of GDP), which is up
from 2,400.9 million euro (3.9 per cent of GDP) this time last
year.

Snap statistics show foreign direct investment (FDI), reported
according to the directional principle, increased by 268.9
million euro in September 2020, compared with an increase by
53.3 million euro in September 2019. FDI increased by 729.5
million euro in January-September 2020, which was worse than the
 increase by 1,056.3 million euro in January-September 2019.
NV/DS