To better understand Bulgarian trade, it is useful to compare the values of imports and exports over the last three five-year periods. The comparison shows how much Bulgaria exported for every 100 francs worth of imports from other countries. This method helps us see the balance of trade and the nature of Bulgaria’s commercial relationships. It also helps guide decisions on commercial policy with different countries.
Exports Compared to Imports
From the data, we see that in some cases Bulgaria exported less than it imported. For example, for every 100 francs of goods imported, Bulgaria exported:
Russia: 5 francs
Switzerland: 29 francs
Austria-Hungary: 41 francs
Italy: 55 francs
Romania: 56 francs
Serbia: 72 francs
Germany: 85 francs
Holland: 90 francs
In these cases, Bulgaria’s trade balance was negative, meaning the country imported more than it exported. This shows a dependence on these countries for certain goods.
Countries with Favorable Trade Balance
In contrast, Bulgaria exported more than it imported from several other countries:
Belgium and Greece: Exports were ten times the imports
Turkey and the United States: Exports were about double the imports
France: Exports were 30% higher than imports
These figures show strong markets for Bulgarian products, especially cereals, livestock, and other local goods, in these countries.
Trends Over Three Periods
Looking at the three quinquennial periods, the proportion between exports and imports remained fairly consistent in the first two periods. However, in the period 1900–1904, Bulgaria’s overall exports increased significantly compared with imports, reaching 126.8 francs of exports for every 100 francs of imports. This shows that Bulgaria was gradually becoming a more export-oriented economy, with stronger trade relations in certain markets Private Ephesus Tours.
The table comparing exports and imports illustrates the balance of trade for Bulgaria. It highlights countries where Bulgaria has a surplus or deficit and helps understand which markets are most important. Over time, Bulgaria has been successful in increasing its exports, particularly to Belgium, Greece, Turkey, and the United States, showing the growing international demand for Bulgarian products. This information is essential for shaping future trade policies and promoting economic growth.