Belgium
 

Contacts in the Ministry of economy

Vessela Bayraktarova
Head of Europe Department
Foreign Economic Cooperation Directorate
Ministry of Economy
tel.: +359 2 9407886
v.bairaktarova@mi.government.bg

Mariana Chavrakova
Europe Department
Foreign Economic Cooperation Directorate
Ministry of Economy
tel.: +359 2 940 7697
E-mail: m.chavrakova@mi.government.bg


Trade and economic relations between Bulgaria and Belgium

1. Trade turnover (mln. euro)

In January-march 2018, exports to Belgium amounted to EUR 264.7 million (13.2% growth compared to the same period in 2017, 4.2% share and 7th place in Bulgarian exports) and imports from Belgium EUR 155.7 million (11.1% growth compared to the same period in 2017, 2.1% share of total imports, 15th place in imports). The balance is positive and amounts to 109 million euros. The positive balance is 16.3%. The turnover is 420.5 million, which is 12.4% growth.

Year

Total turnover

Growth, %

Export

Growth, %

Import

Growth, %

Balance

2005

745.4

-

564.2

-

181.2

-

383

2006

1055

41.53

787.3

39.54

267.7

47.73

519.6

2007

1225.9

16.19

835.6

6.13

390.3

45.79

445.3

2008

1351.3

10.22

897.3

7.38

454

16.32

443.3

2009

948.7

29.79

663.7

26.03

285

37.22

378.7

2010

951.6

0.30

587.3

11.51

364.3

27.82

223

2011

1396.8

46.78

999.3

70.15

397.5

12.15

601.8

2012

1210.9

-13.3

765.9

-23.4

445.8

12.0

319.3

2013

1121.7

-26.9

642.7

-16.1

479

-37.7

163.7

2014

1441.5

28.5

903.4

40.6

538.1

12.3

365.3

2015

1460.9

1.3

853.7

-5.5

607.2

12.8

246.5

2016

1 254.1

-14.2

646.5

-24.3

607.6

0.1

38.9

2017

1 754.7

39.9

1 116.8

72.7

637.9

5.0

478.8

Source: Ministry of Economy

2. Belgian Investments in Bulgaria

For the first quarter of 2018, Belgium's investment in Bulgaria amounted to 1.2m euros.

For the period 2005 - 2017 Belgium's foreign direct investment in Bulgaria amounted to EUR 1,098.8 million, bringing the country to 14th place in FDI in Bulgaria.

2005

2006

2007

2008

2009

2010

2011

2012

2013

-95,9

51,7

544,8

71,9

69,0

226,3

54,1

70,6

20,5

2014

2015

2016

2017

Total

30,7

31,5

77.0

-53.4

1098,8

Source: Bulgarian National Bank

3. Tourism – Belgium tourists in Bulgaria

In the period January-May 2018, 21 674 Belgian tourists visited Bulgaria, an increase of 16.2%. The country ranks 10th in the EU. Over the same period, 46 180 Bulgarian tourists visited Belgium, which is a 27% growth. Belgium is the 12th most preferred destination for Bulgarian tourists.

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

32 133

44 235

51 235

65 195

68 492

69 913

66 345

67 777

88 571

75 367

89 542

122 387

Source: Ministry of Tourism

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