BULGARIA’S TRADE RELATIONS WITH ITS MAIN PARTNERS IN SUBSAHARAN AFRICA – TRENDS AND PROSPECTS

Abstract

This article aims at presenting the prospects for trade between Bulgaria and Sub-Saharan Africa by analysing the geographical structure of international trade relations with the region. To achieve this firstly it presents Bulgarian trade with SubSaharan countries summarizing the trade flow dynamics for the 2003-2015 period, the share of Sub-Saharan Africa in Bulgarian international trade, as well as the commodity structure of the trade flows. 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 it analyses the significant cases of trade fluctuations. The conclusion summarizes the main findings which show the increasing importance of SubSaharan Africa for Bulgaria’s international trade relations.