Bulgaria reports 10.1% annual increase in exports to EU

Bulgaria reports 10.1% annual increase in exports to EU

Sofia, October 9, 2015/ Independent Balkan News Agency

By Clive Leviev Sawyer of The Sofia Globe

Bulgaria’s exports to other European Union countries in January to July 2015 were 10.1 per cent than in January to July 2014, the National Statistical Institute (NSI) said on October 9.

Exports to the EU in January to July 2015 added up to 16.8 billion leva (about 8.56 billion euro), the NSI said.

The main trading partners of Bulgaria were Germany, Italy, Romania, Greece, France and Belgium which accounted for 70.6 per cent of exports to other EU member states.

In July 2015, Bulgaria’s exports to the EU decreased by 0.5 per cent compared to the corresponding month of the previous year and amounted to 2.6 billion leva.

Bulgarian imports from the EU in the period January – July 2015 increased by 8.5 per cent compared to the same period of 2014 and added up to 19.2 billion leva at CIF prices. The largest amounts were reported for goods imported from Germany, Italy, Romania, Spain and Greece.

In July 2015, Bulgarian imports from EU member states increased by 12.2 per cent compared to the corresponding month of the previous year and amounted to 3.1 billion leva at CIF prices.

The foreign trade balance of Bulgaria (export FOB – import CIF) with the EU in the period January – July 2015 was negative, adding up to 2 417.1 million leva. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 1 118.1 million leva, the NSI said.