Bulgaria: Exporter Guide
Bulgaria, a newly developing market economy, is easily affected by world market fluctuations. From 2010 to 2012, the economic growth rate slowed due to the global recession but U.S. exports to Bulgaria has steadily increased since then. Recent political changes in Bulgaria have led to more stable relations with EU member partners. Trade is expected to move upwards as a result. Bulgaria is broadly recognized as an excellent gateway into the wider EU market for agricultural products. The Bulgarian market is not yet well explored by U.S. agricultural suppliers. U.S. agricultural exports to Bulgaria in 2013 totaled $74 million, according to the Intrastat statistical data provided by the Bulgarian National Statistical Institute. Over the last five years such U.S. exports have ranged from $18 to $62 million. U.S. Exports to Bulgaria for the period January-October 2014 have increased by 21 percent compared to the same period in 2013, according to U.S. Customs data.
