Loading…
You are here:  Home  >  Bulgaria  >  BG Business  >  Current Article

Bulgarian exports to EU rose 6.8% y/y in January – November 2016, but trade balance negative

By   /   08/02/2017  /   Comments Off on Bulgarian exports to EU rose 6.8% y/y in January – November 2016, but trade balance negative

Bulgaria’s exports to other European Union countries in January to November 2016 were 6.8 per cent higher than in January – November 2015, the National Statistical Institute (NSI) said on February 8, citing preliminary data.

Exports from Bulgaria to other EU member states in January – November 2016 added up to 28 707.3 million leva, the NSI said.

The country’s main trading partners elsewhere in the EU were Germany, Italy, Romania, Greece and France, which accounted for 64 per cent of exports to the EU.

In November 2016, Bulgaria’s exports to the EU increased by 12.8 per cent compared to November 2015 and added up to 2 781.7 million leva

In the period January – November 2016 in comparison with the same period of 2015 the largest growths in the exports of Bulgaria to the EU distributed according to the Standard International Trade Classification were in the beverages and tobacco category (27.7per cent) and chemical and related products category (21.8per cent). The most notable decrease was in the mineral fuel, lubricants and related materials category (18.6per cent).

Bulgarian imports from the EU in January – November 2016 increased by 1.9 per cent compared to the same period of the previous year and reached 30 877.7 million leva at CIF prices, the NSI said.

The largest amounts were reported for goods imported from Germany, Italy, Romania, Greece and Poland.

In November 2016, Bulgarian imports from other EU countries grew by 1.7per cent in comparison with November 2015 and amounted to 3 098.1 million leva.

In January – November 2016, compared to January – November 2015, the largest growth in imports from the EU distributed according to the Standard International Trade Classification was reported in beverages and tobacco (10.4 per cent) while the most notable fall was the crude materials, inedible (except fuel) category (16.3 per cent).

The foreign trade balance of Bulgaria (export FOB – import CIF) with the EU in the period January – November 2016 was negative and added up to 2 170.4 million leva. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 717.7 million leva, the NSI said./IBNA

You might also like...

Question marks remain over Bulgarian nomination of European Commissioner

Read More →