Bulgaria’s Trade Relations with the Main Partners in Sub-Saharan Africa – Trends and Prospects

Abstract

The article aims at presenting the prospects for trade between Bulgaria and Sub-Saharan Africa by analyzing the direction of international trade with the region. To achieve this firstly it presents Bulgarian trade with Sub-Saharan countries summarizing the trade flow dynamics for the 2003-2015 period, the share of Sub-Saharan Africa in Bulgarian international trade as well as its commodity structure. The main section of the article thoroughly discusses firstly the major trade products for the leading trade partners, then the dynamics of trade with these countries and finally analyses the significant cases of fluctuations. The conclusion summarizes the main findings which show the increasing importance of Sub-Saharan Africa for Bulgaria’s international trade relations.