Посткризисното развитие на външнотърговските отношения на България

Abstract

The study aims to assess the impact of Bulgaria’s accession to the EU and of the Global financial crisis through an analysis of the changes in the country’s international trade for the period 2004-2016. Firstly it summarizes the general trends in dynamics of the country’s trade flows in terms of value and volume, then it assesses the economy’s dependence on international trade. The study then presents an analysis of the direction of Bulgarian trade including a comparison of the share of intra-EU trade to the EU as a whole and to the Central and Eastern European countries. The changes in the commodity structure of trade are discussed by analyzing the share of primary and manufactured products, while to assess the benefits of trade of Bulgarian post-crisis international trade relations an index of terms of trade is calculated. The conclusion summarizes the main implications from the analysis and draws some recommendations regarding some possible measures in Bulgaria’s international trade policy