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Bulgaria's exports to other EU countries 3.7% up in H1 2016 - NSI

Bulgaria's exports to other EU countries 3.7% up in H1 2016 - NSI
Sofia, September 12, 2016/ Independent Balkan News Agency

By Clive Leviev-Sawyer by The Sofia Globe

Bulgaria's exports to other European Union countries were 3.7 per cent higher in January to June 2016 than in the first half of 2015, the National Statistical Institute (NSI) said on September 12, citing preliminary figures.

Exports to other EU countries added up to 14.6 billion leva, the NSI said.

Among other EU countries, Bulgaria's main trading partners in the first half of 2016 were Germany, Italy, Romania, Greece and France which accounted for 65.4 per cent of exports to EU member states.

In June 2016, Bulgaria's exports to other EU countries increased by five per cent compared to the corresponding month of the previous year and added up to 2.68 billion leva, the NSI said.

Bulgarian imports from the EU in the period January - June 2016 decreased by 0.3 per cent compared to the same period of the previous year and reached 16 051.5 million leva at CIF prices.

The largest amounts were reported for goods imported from Germany, Italy, Romania, Greece and Hungary.

In June 2016, Bulgarian imports from other EU countries grew by 1.8 per cent in comparison with June 2015 and amounted to 2 880.5 million leva .

The foreign trade balance of Bulgaria (export FOB - import CIF) with the EU in the period January - June 2016 was negative and added up to 1 372.3 million leva. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 622.6 million leva, the NSI said.

In the period January - July 2016, Bulgarian exports to third countries decreased by 15.6 per cent in comparison with the same period of 2015 and amounted to 8 287.3 million leva, according to NSI preliminary data.

Bulgaria's main non-EU trading partners in January to July 2016 were Turkey, the Republic of Macedonia, China, Serbia, Russian Federation and the US, which accounted for 50.1 per cent of exports to non-EU countries.

In July 2016, Bulgarian exports to third countries dropped by 13.8 per cent compared to the corresponding month of the previous year and added up to 1 272.7 million leva, the NSI said.

Bulgarian imports from third countries in the period January - July 2016 decreased by 16 per cent in comparison with the same period of 2015 and added up to 9 244.3mMillion leva (at CIF prices).

The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Ukraine. In July 2016, Bulgarian imports from third countries dropped by 13.5 per cent compared to the corresponding month of the previous year and amounted to 1 416.9 million leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - July 2016 was negative and added up to 957.0 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 506.0 million leva.

In July 2016, the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and added up to 144.2 million leva.

The NSI said that in the period January - July 2016, the value of all exported goods from Bulgaria amounted to 25 769.6 million leva and in comparison with the corresponding period of 2015, exports decreased by 3.1 per cent.

In July 2016, Bulgaria's total exports, to EU and non-EU countries, added up to 4 075.8 million leva or 0.7 per cent less than the same month of the previous year, the NSI said.

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