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Bulgaria’s exports to non-EU countries drop 10.6% y/y in January – October 2016

By   /   12/12/2016  /   Comments Off on Bulgaria’s exports to non-EU countries drop 10.6% y/y in January – October 2016

Bulgaria’s exports to non-EU countries were 10.6 per cent lower in January to October 2016 than in January – October 2015, the National Statistical Institute (NSI) said on December 12, citing preliminary figures.

The country’s exports to non-EU countries added up to 11 973 million leva in January to October 2016, the NSI said.

Among non-EU countries, Bulgaria’s main trading partners in the first 10 months of 2016 were Turkey, the Republic of Macedonia, Serbia, China, Russia and the United States, which accounted for 49.2 per cent of exports to such countries.

In October 2016, Bulgarian exports to third countries increased by 4.4 per cent compared to the corresponding month of the previous year and added up to 1 264.7 million leva, the NSI said.

In the first 10 months of 2016 compared to the same period of 2015, in Bulgaria’s exports to third countries distributed according to the Standard International Trade Classification, the largest growth was recorded in the category “miscellaneous manufactured articles” (29.9 per cent). The most notable fall was reported in section “beverages and tobacco” (24.5 per cent).

Bulgarian imports from third countries in the period January – October 2016 decreased by 9.8 per cent in comparison with the same period of 2015 and added up to 13 912.2 million leva (at CIF prices). The largest amounts were reported for goods imported from Russia, Turkey, China and Ukraine. In October 2016, Bulgarian imports from third countries increased by 2.4 per cent compared to the corresponding month of the previous year and amounted to 1 585.7 million leva, the NSI said.

In the first 10 months of 2016 compared to the corresponding period of 2015 in the imports of Bulgaria from third countries distributed according to the Standard International Trade Classification, the largest growth was recorded in the section “miscellaneous manufactured articles” (15.3 per cent) while the most notable fall was observed in the section “mineral fuel, lubricants and related materials” (26.4 per cent).

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in the period January – October 2016 was negative and added up to 1 939.2 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 1 252.7 million leva. In October 2016 the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and added up to 321 million leva, the NSI said. /IBNA

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