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Exports from Bulgaria in January - July 2017 up by 13.8 per cent, but trade balance negative

Exports from Bulgaria in January - July 2017 up by 13.8 per cent, but trade balance negative
In the period January - July 2017, the value of all exported goods from Bulgaria amounted to 29 772.4 million leva, about 13.8 per cent higher than in the first seven months of 2016, the National Statistical Institute said on September 12.

In July 2017, Bulgaria's total exports added up to 4 604.6 billion leva and grew by 9.8 per cent compared to July 2016, the NSI said.

The total value of all the goods imported into Bulgaria in the period January - July 2017 amounted to 33 192.8 million leva (at CIF prices), or 17 per cent more January - July 2016.

In July 2017, Bulgaria's total imports increased by 8.1 per cent compared to July 2016 and added up to 4 695.4 billion leva.

The total foreign trade balance (exports FOB - import CIF) was negative in the period January - July 2017 and amounted to 3 420.4 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - July 2017, the total foreign trade balance was also negative and added up to 1 814.5 million leva.

In July 2017, the total foreign trade balance (exports FOB - import CIF) was negative and added up to 90.8 million leva. The trade balance at FOB/FOB prices was positive and amounted to 138.2 million leva.

In the period January - July 2017, Bulgarian exports to third countries increased by 18.9 per cent in comparison with January - July 2016 and amounted to 10 304.5 million leva.

The main trading partners of Bulgaria were Turkey, the Russian Federation, China, Serbia, the Republic of Macedonia and Egypt which accounted for 51.1 per cent of the exports to non EU countries.

In July 2017 Bulgarian exports to third countries grew by 8.1 per cent compared to the corresponding month of the previous year and amounted to 1 482.3 billion leva.

Bulgarian imports from third countries in the period January - July 2017 increased by 29.9 per cent in comparison with the corresponding period of the previous year and added up to 12 135.7 million leva (at CIF prices).

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

In July 2017, Bulgarian imports from third countries grew by 20.1 per cent compared to the corresponding month of the previous year and amounted to 1 705.8 billion leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - July 2017 was negative and added up to 1 831.2 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 1 238.8 million leva, the NSI said./IBNA

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