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 2/940 76 88
E-mail: a.kioseva@mi.government.bg
Nenko Marinov State expert, Asia, Africa, America and Australia Department
Foreign Economic Cooperation Directorate
Ministry of Economy and Industry
tel.: + 359 2 9407657
Economic relations between Bulgaria and Nigeria
1. Trade turnover (mln. USD)
| Year | Total turnover | growth % | Export | growth % | Import | growth % | Balance |
| 2013 | 28.9 | 189.0 | 27.8 | 234.9 | 1.1 | -35.3 | 26.7 |
| 2014 | 22.0 | -23.9 | 5.6 | -79.9 | 16.4 | 1390.9 | -10.8 |
| 2015 | 6.9 | -68.8 | 4.8 | -14.3 | 2.1 | -87.2 | 2.7 |
| 2016 | 5.7 | -17.4 | 3.7 | -22.9 | 2.0 | -4.8 | 1.7 |
| 2017 | 9.1 | 59.6 | 8.0 | 116.2 | 1.1 | -45.0 | 6.9 |
| 2018 | 10.0 | 9.9 | 8.3 | 3.8 | 1.7 | 54.5 | 6.6 |
| 2019 | 37.8 | 278.0 | 36.0 | 333.7 | 1.8 | 5.9 | 34.2 |
| 2020 | 44.0 | 16.4 | 33.0 | -8.3 | 11.0 | 511.1 | 22.0 |
| 2021 | 36.4 | -17.3 | 18.0 | -45.5 | 18.4 | 67.3 | -0.4 |
| 2022 | 43.0 | 18.1 | 35.1 | 95.0 | 7.9 | -57.1 | 27.2 |
| 2023 | 24.4 | -43.3 | 18.5 | -47.3 | 5.9 | -25.3 | 12.6 |
Source: Ministry of Economy and Industry
2. Nigerian investments in Bulgaria
According to the Bulgarian National Bank, the total foreign direct investments from Nigeria in Bulgaria at the end of 2023 amounted to 2.6 mln euros.