Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria expects negative spillover effect from US tariffs

The Ministry of Economy predicts that Washington's export tariffs will not significantly impact Bulgaria's economy

2
Economy Minister Petar Dilov in parliament.
Photo: Ministry of Economy and Industry

An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s total trade volume, with exports to the U.S. making up 2.6% of total exports and imports from the U.S. comprising 0.8% of total imports. This was announced by Minister of Economy and Industry Petar Dilov during a parliamentary session in response to a question about US trade restrictions.


Given the relatively small volume of overall trade between Bulgaria and the US, the export tariffs imposed by Washington are not expected to have a significant direct impact on the Bulgarian economy. However, Dilov emphasised: 


In 2024, the EU accounts for 64% of Bulgaria’s exports and 57.3% of its imports. Given this, we can expect an indirect negative impact of the US tariffs on our main EU trading partners, which in turn could affect Bulgaria's bilateral trade with these countries".


According to Dilov, the Ministry of Economy and Industry is in dialogue with businesses and is analysing the impact of the US import restrictions. The aim is to implement effective measures to support the national economy and mitigate the negative impact of the US tariffs on the EU.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

Gallery

More from category

Moody’s: Eurozone entry supports Bulgaria’s institutions, but corruption remains challenge

Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country..

published on 7/28/25 10:28 AM

The government proposes that prices in euros and leva be displayed until the end of 2026

The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..

published on 7/22/25 10:42 AM

Bulgaria has the lowest government debt-to-GDP ratio in the EU

The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..

published on 7/21/25 5:58 PM