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Bulgarian exports in January - May 2017 were 15.7% higher than in January - May 2016 - statistics institute

Bulgarian exports in January - May 2017 were 15.7% higher than in January - May 2016 - statistics institute
In January to May 2017, the value of all goods exported from Bulgaria added up to 20.5 billion leva, about 15.7 per cent higher than in January to May 2016, the National Statistical Institute (NSI) said on July 10.

In May 2017, Bulgaria's total exports grew by 26.5 per cent compared to May 2016, the NSI said.

The total value of all the goods imported into Bulgaria in the period January - May 2017 amounted to 23 558.2 million leva (at CIF prices), or 20.1 per cent more than January - May 2016.

In May 2017, the total imports into Bulgaria increased by 20.7 per cent compared to May 2016 and added up to 4 929.2 billion leva, the NSI said.

The total foreign trade balance (exports FOB - import CIF) was negative in the period January - May 2017 and amounted to 3 035.7 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - May 2017 the total foreign trade balance was also negative and added up to 1 882.5 million leva.

In May 2017, the total foreign trade balance (exports FOB - import CIF) was negative and added up to 478.5 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 236.8 million leva.

In January - May 2017, Bulgarian exports to third countries increased by 26 per cent in comparison with January - May 2016 and amounted to 7 244.4 million leva.

The main trading partners of Bulgaria were Turkey, China, the Russian Federation, Egypt, Serbia, FYROM, which accounted for 51.5 per cent of Bulgaria's exports to non-EU countries.

In May 2017, Bulgarian exports to third countries grew by 42 per cent compared to May 2016 and amounted to 1 591.2 billion leva.

Bulgarian imports from third countries in the period January - May 2017 increased by 34.8 per cent in comparison with the corresponding period of the previous year and added up to 8 647.9 million leva (at CIF prices).

The largest amounts were reported for goods imported from the Russian Federation, Turkey, China and Serbia.

In May 2017, Bulgarian imports from third countries grew by 22.1 per cent compared to the corresponding month of the previous year and amounted to 1 777.4 billion leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries, meaning non-EU countries, inJanuary - May 2017 was negative and added up to 1 403.5 million leva.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 974.9 million leva. In May 2017 the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to 186.2 million leva, the NSI said./IBNA

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