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Iceland

Contacts in the Ministry of Economy and Industry

Vessela Bayraktarova
Head of Europe and Central Asia Department
Foreign economic policy and international cooperation directorate
Ministry of Economy and Industry
tel.: +359 2 9407886
v.bairaktarova@mi.government.bg

Anna Lazarova
State expert, Europe and Central Asia Department
Foreign economic policy and international cooperation directorate
Ministry of Economy and Industry
tel.: + 359 2 940 7709
a.lazarova@mi.government.bg

Trade and economic relations between Bulgaria and Iceland

  1. Trade turnover (thousands euro)

year

Total turnover

%

export

%

import

%

Balance

2016

2 219.2

26.1

657.8

-52.2

1 561.4

-4.0

-903.6

2017

2 537.0

14.3

1 166

77.2

1371

-12.1

-205

2018

4 335.8

70.9

2 514.1

115.6

1 821.7

32.8

692.4

2019

2 743.7

-36.7

1 034.3

-58.9

1 709.4

-6.2

-675.2

2020

3 589.1

30.4

875.7

-15.3

2 703.4

58.1

-1 827.7

2021

3 427.1

-4.5

1 608.0

83.6

1 819.1

-32.7

-211.1

2022

4 080.0

11.4

2 068.0

15.2

2 012.0

7.8

55.0

2023

4.0

0

2.31

12.1

1.69

-17.2

0.624

2024

4.31

7.7

3.05

32

1,25

-25,7

1,79

06.2024

2.65

1.76

0.897

0.863

06.2025

3.39

21

1.51

-0.02

1.88

21

0.37

Source: Ministry of economy and Industry

  1. Icelandic investments in Bulgaria

According to the Bulgarian National Bank, the total foreign direct investments from Iceland in Bulgaria at the end of 2024 amounted to 26.3 mln euros.

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