According to preliminary data Bulgaria’s foreign trade deficit fell from BGN 6.6bn to BGN 3.6bn (45.8% y/y) in 8M09. Exports fell from BGN 8.3bn to BGN 5.1bn (-39.0% y/y) in the period, while imports (CIF) fell from BGN 14.9bn to BGN 8.6bn (-42.0% y/y). The monthly trade deficit fell from BGN 1.0bn in July 2009 to BGN 0.6bn in August 2009 (-36.6% q/q).