According to preliminary data, foreign trade with third countries in Jan’25 resulted in a trade deficit of BGN 1.7bn, compared to a deficit of BGN 0.6bn a year earlier. Imports/CIF (BGN 3.8bn) increased by 30.8% YoY, while exports/FOB (BGN 2bn) were down by 10.5% YoY. January 2025 exports to the EU (BGN 4.2bn) increased by 1.9% YoY, while imports (BGN 4.4bn) declined by 2.6% YoY over the same period. This resulted in a negative trade balance with the EU for the month of BGN 242m, compared to a BGN 439m deficit in the corresponding period of 2024. Total trade balance in Jan’25 was negative and amounted to BGN 2bn (+89% YoY), as total exports declined 2.5% YoY to BGN 6.2bn, while total imports grew by 10.4% YoY to BGN 8.2bn.