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Bulgaria reports drop in exports in January - April 2016

Bulgaria reports drop in exports in January - April 2016
Sofia, June 9, 2016/Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Bulgaria's exports in January to April 2016 were three per cent lower than in the same period of 2015, the National Statistical Institute (NSI) said on June 9 2016, citing preliminary figures.

In the period January - April 2016 the value of all exported goods from Bulgaria amounted to 14 226.1 million leva, the NSI said.

In April 2016, Bulgaria's total exports - meaning to both EU and non-EU countries - added up to 3633 million leva, 6.9 per cent less than the same month of the previous year.

The total value of all the goods imported in the country in the period January - April 2016 amounted to 15 504.4 million leva (at CIF prices), or eight per cent less than the corresponding period of 2015.

In April 2016, Bulgaria's total imports decreased by 11.3 per cent compared to the same month of the previous year and added up to 4012.6 million leva.

The total foreign trade balance (exports FOB - import CIF) was negative in the period January - April 2016 and amounted to 1 278.3 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - April 2016 the total foreign trade balance was also negative and added up 277.2 million leva.

In April 2016, the total foreign trade balance (exports FOB - import CIF) was negative and amounted to 379.6 million leva. The trade balance at FOB/FOB prices was also negative and added up 156.8 million leva.

In the period January - April 2016, Bulgarian exports to third countries decreased by 13.8 per cent in comparison with the same period of 2015 and amounted to 4632 million leva.

The main trade partners of Bulgaria were Turkey, China, the Republic of Macedonia, Serbia, the United States and the Russian Federation, which accounted for 50.1 per cent of the exports to non-EU countries.

In April 2016, Bulgarian exports to third countries dropped by 26.8 per cent compared to the corresponding month of the previous year and added up to 1098.8 million leva.

Bulgarian imports from third countries in the period January - April 2016 decreased by 19.4 per cent in comparison with the same period of 2015 and added up to 4 961.6 million leva (at CIF prices), the NSI said.

The largest amounts were reported for goods imported from the Russian Federation, Turkey, China and Ukraine. In April 2016, Bulgarian imports from third countries dropped by 20.2 per cent compared to the corresponding month of the previous year and amounted to 1323.5 million leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - April 2016 was negative and added up to 329.6 million leva, the NSI said.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was positive and amounted to 1.9 million leva.

In April 2016, the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and added up to 224.7 million leva.

In the period January - March 2016, Bulgarian exports to the EU grew by 2.6 per cent in comparison with the same period of 2015 and amounted to 7 059.9 million leva, the NSI said, also citing preliminary figures.

The main trade partners of Bulgaria were Germany, Italy, Romania, Greece, France and United Kingdom which accounted for 69.6 per cent of the country's exports to other EU member states. In March 2016, Bulgaria's exports to other EU countries increased by 3.5 per cent compared to the corresponding month of the previous year and added up to 2507 million leva, the NSI said.

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