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Bulgaria’s exports in 2016 were 2.6% higher than 2015 – NSI

By   /   09/02/2017  /   Comments Off on Bulgaria’s exports in 2016 were 2.6% higher than 2015 – NSI

Bulgaria’s exports in 2016 were 2.6 per cent higher than in 2015, but exports to non-EU countries dropped by 5.9 per cent and the overall trade balance was negative, the National Statistical Institute (NSI) said on February 9.

In 2016, the total value of all goods exported from Bulgaria to both EU and non-EU countries was 46 104.9 million leva, the NSI said, citing preliminary figures.

In December 2016, Bulgaria’s total exports added up to 3 975.0 million leva, about 15.1 per cent more than in December 2015.

The total value of all the goods imported into Bulgaria in 2016 was 51 005.8 million leva (at CIF prices), or 1.1 per cent less than 2015.

In December 2016, Bulgaria’s total imports increased by 6.9 per cent compared to December 2015 and added up to 4610.1 million leva.

The total foreign trade balance (exports FOB – import CIF) was negative in 2016 and amounted to 4 900.9 million leva, the NSI said.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in 2016 the total foreign trade balance was also negative and added up to 2455 million leva.

In December 2016, the total foreign trade balance (exports FOB – import CIF) was negative and amounted to 635.1 million leva. The trade balance at FOB/FOB prices was also negative and added up to 408.1 million leva.

In 2016, Bulgarian exports to third countries decreased by 5.9 per cent compared to 2015 and amounted to 14 957 million leva.

Bulgaria’s main trading partners among non-EU countries in 2016 were Turkey, China, the Republic of Macedonia, Serbia, Russia and the United States, which accounted for 49 per cent of exports to non-EU countries.

In December 2016, Bulgarian exports to third countries increased by 18.9 per cent compared to December 2015 and added up to 1534.4 million leva, the NSI said.

Bulgarian imports from third countries in 2016 decreased by 7.1 per cent compared to 2015 and added up to 17 090.2 million leva.

The largest amounts were reported for goods imported from Russia, Turkey, China and Ukraine. In December 2016, Bulgarian imports from third countries increased by 8.8 per cent compared to the corresponding month of the previous year and amounted to 1572.2 million leva.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in 2016 was negative and added up to 2 133.2 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 1 291.9 million leva.

In December 2016, the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and added up to 37.8 million leva, the NSI said./IBNA

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