Bulgarian exports in January - November 2017 up 11.8% on annual basis - statistics institute

Bulgarian exports in January - November 2017 up 11.8% on annual basis - statistics institute

In the period January - November 2017, the value of all the goods exported from Bulgaria amounted to 48 111.6 million leva and in comparison with January - November 2016, the country's exports increased by 11.8 per cent.

This is according to preliminary data released by the National Statistical Institute (NSI) on January 12.

In November 2017, Bulgaria's total exports added up to 4 579.9 million leva and grew by 4.8 per cent compared to the corresponding month of the previous year.

The total value of all the goods imported into the country in the period January - November 2017 amounted to 53 729.7 million leva (at CIF prices), or 15.4 per cent more than the same period of 2016.

In November 2017, total imports increased by 15 per cent compared to November 2016, adding up to 5 446.7 million leva.

The total foreign trade balance (exports FOB - import CIF) was negative in the period January - November 2017 and amounted to 5 618.1 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - November 2017, the total foreign trade balance was also negative and added up to 2 191.1 million leva.

In November 2017, the total foreign trade balance (exports FOB - import CIF) was negative and added up to 866.8 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 562.3 million leva.

In the period January - November 2017, Bulgarian exports to third countries increased by 12.7 per cent in comparison with the corresponding period of the previous year and amounted to 16 148.1 million leva.

Bulgaria's main trading partners among non-EU countries were Turkey, the Russian Federation, China, Serbia, the Former Yugoslav Republic of Macedonia and the United States which accounted for 52 per cent of the exports to non EU countries.

In November 2017, Bulgarian exports to third countries decreased by 12.7 per cent compared to the corresponding month of the previous year and amounted to 1 385.7 million leva.

Bulgarian imports from third countries in the period January - November 2017 increased by 23.6 per cent in comparison with the corresponding period of the previous year and added up to 19 322.5 million leva (at CIF prices).

The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Serbia. In November 2017, Bulgarian imports from third countries grew by 15.9 per cent compared to the corresponding month of the previous year and amounted to 1 878.2 million leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - November 2017 was negative and added up to 3 174.4 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 1 811.7 million leva.

In November 2017 the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to 492.5 million leva, the NSI said.../IBNA

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