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Kuwait

Contact Bulgarian trade representatives worldwide

Contacts in the Ministry of Economy and Industry

Adelina Kioseva

Head of Asia, Africa, America and Australia

Department Foreign Economic Cooperation

Directorate Ministry of Economy and Industry

tel.: +359 2 94076 88

a.kioseva@mi.government.bg

Krasimir Yashev

Asia, Africa, America and Australia

Department Foreign Economic Cooperation

Directorate Ministry of Economy and Industry

tel.: + 359 2 9407645 k.yashev@mi.government.bg

Economic relations between Bulgaria and the State of Kuwait

  1. Trade turnover (mln. euro)

Year

Total turnover

growth,%

Export

growth,%

Import

growth,%

Balance

2017

82.2

-5.2

49.5

-24.8

32.7

56.5

16.8

2018

77

-6.3

48.4

-2.2

28.6

-12.5

19.8

2019

109.2

41.8

77.7

60.5

31.5

10.1

46.2

2020

165.5

51.6

119

53.2

46.5

47.6

72.5

2021

313.2

89.2

233.8

96.5

79.4

70.8

154.4

2022

245.6

-21.6

173.8

-25.7

71.8

-9.6

102

2023

250.7

2

156.8

-9.8

93.9

30.1

62.9

Source: Ministry of Economy and Industry

  1. Kuwait investments in Bulgaria

According to the Bulgarian National Bank, the total foreign direct investments from Kuwait in Bulgaria at the end of 2023 amounted to 9.4 mln. euros.

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