Economic relations between Bulgaria and Italy
1. Trade turnover (mln. euro)
Year |
Export |
Growth % |
Import |
Growth % |
Total turnover |
Growth % |
Balance |
2011 |
1 720.7 |
13.9% |
1 667.1 |
17.6% |
3 387.8 |
15.7% |
53.6 |
2012 |
1 763.8 |
2.5% |
1 685.4 |
1.1% |
3 449.2 |
1.8% |
78.4 |
2013 |
1 925.3 |
9.2% |
1 921.5 |
14.0% |
3 846.7 |
11.6% |
3.8 |
2014 |
1 980.3 |
1.7% |
1 839.6 |
-4.3% |
3 819.9 |
-0.7% |
141.0 |
2015 |
2 135.5 |
7.8% |
1 996.7 |
8.5% |
4 132.2 |
8.2% |
138.8 |
2016 |
2 170.2 |
1.5% |
2 067.5 |
3.6% |
4 237.7 |
2.5% |
102.7 |
2017 |
2 212.2 |
1.9% |
2 006 |
6.2% |
4 069 |
4% |
57 |
2018 |
2 433.4 |
10.0% |
2 422.0 |
10.4% |
4 855.4 |
10.2% |
11.4 |
2019 |
2 186.6 |
-10.0 |
2 509.0 |
3.4 |
4 695.5 |
-3.3 |
-322.4 |
2020 |
1 922.8 |
-12.1 |
2 173.0 |
-13.4 |
4 095.8 |
-12.8 |
-250.1 |
2021 |
2 621.6 |
36.4 |
2 589.9 |
18.9 |
5 211.4 |
27.1 |
31.7 |
Source: Ministry of Economy and Industry
2. Italian investments in Bulgaria
According to the statistical data provided by the Bulgarian National Bank, the total amount of direct investments from Italy to Bulgaria until the end of the year 2021, is 2.94 billion euro.
In 2021 FDI from Italy to Bulgaria amounted to 85.2 million euro. For the first quarter of 2022 the investment flow is 57.6 million euro.
Italian FDI in Bulgaria for the last ten years:
Year |
Mln. eurо |
2010 |
71.1 |
2011 |
103.2 |
2012 |
62.9 |
2013 |
-13.6 |
2014 |
77.7 |
2015 |
64.3 |
2016 |
174.5 |
2017 |
93.0 |
2018 |
14.0 |
2019 |
93.9 |
2020 |
113.4 |
2021 |
85,2 |
Source: Bulgarian National Bank
3. Tourism
Year |
Italian tourists in Bulgaria (border crossing) |
% |
2011 |
105 740 |
4.0% |
2012 |
104 310 |
-1.3% |
2013 |
108 603 |
4.1% |
2014 |
129 223 |
19.0% |
2015 |
132 245 |
2.3% |
2016 |
145 113 |
9.7% |
2017 |
163 566 |
12,7% |
2018 |
157 743 |
-3.6% |
2019 |
156 564 |
-0,7 |
2020 |
40 122 |
-74,4% |
2021 |
55 725 |
38,9% |
January-February 2022 |
9 237 |
199,4% |
Source: Ministry of Tourism