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Bulgaria’s exports to other EU countries up 6% y/y in January – September 2016

By   /   09/12/2016  /   Comments Off on Bulgaria’s exports to other EU countries up 6% y/y in January – September 2016

Bulgaria’s exports to other European Union countries in January to September 2016 were six per cent higher than in January – September 2015, the National Statistical Institute (NSI) said on December 9, citing preliminary data.

Bulgaria’s exports to other EU countries in the first nine months of 2016 added up to 23 034.5 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 64.4 per cent of the exports to other EU countries.

In September 2016, Bulgaria’s exports to the EU increased by 14.7 per cent compared to the corresponding month of the previous year and added up to 2 849 million leva, the NSI said.

In January – September 2016, in comparison with the same period of 2015, the largest growths in the exports of Bulgaria to other EU states, distributed according to the Standard International Trade Classification, were in beverages and tobacco (by 30.6 per cent) and in chemical and related products (19 per cent).

At the same time, the most notable decrease was in the category of mineral fuel, lubricants and related materials, the NSI said, noting a fall of 23.9 per cent in this category.

Bulgarian imports from the EU in the period January – September 2016 increased by 1.5 per cent compared to the same period of the previous year and reached 24 536.7 million leva at CIF prices.

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

In September 2016, Bulgarian imports from other EU countries grew by 2.4 per cent in comparison with September 2015 and amounted to 2 738.6 million leva, the NSI’s preliminary data showed.

In the period January – September 2016, compared to the corresponding period of 2015, the largest growth in imports from the EU distributed according to the Standard International Trade Classification was in beverages and tobacco’ (12.5 per cent) while the most notable fall was observed in the category of crude materials, inedible (except fuel) (26.6 per cent).

The foreign trade balance of Bulgaria (export FOB – import CIF) with the EU in the period January – September 2016 was negative and added up to 1 502.2 million leva, the NSI said.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 354.2 million leva, the institute said./IBNA

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