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Bulgaria's exports to rest of EU up by 9% in January-February 2017 on annual basis - NSI

Bulgaria's exports to rest of EU up by 9% in January-February 2017 on annual basis - NSI
In the period January - February 2017, Bulgarian exports to other European Union countries increased by nine per cent compared to January - February 2016.

Exports amounted to 4 957.2 million leva, the National Statistical Institute (NSI) said on May 9.

Among other EU countries, Bulgaria's main trade partners were Germany, Italy, Romania, Greece, France and Belgium which accounted for 67.3 per cent of the exports.

In February 2017, Bulgaria's exports to the EU grew by 10.7 per cent compared to the corresponding month of the previous year and amounted to 2 531.2 million leva.

Bulgarian imports from the EU in the period January - February 2017 increased by 12.2 per cent compared to the same period of 2016 and added up to 5 461.2 million leva at CIF prices.

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

In February 2017, Bulgarian imports from other EU member states grew by 8.4 per cent compared to the corresponding month of the previous year and amounted to 2 820.1 million leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with the EU in the period January - February 2017 was negative and added up to 504 million leva, the NSI said.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 233.5 million leva, the institute said.

(Photo: Michael and Christa Richert/freeimages.com) /IBNA

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