Bulgaria saw downturn in exports but increase in imports in first seven months of 2018

Bulgaria saw downturn in exports but increase in imports in first seven months of 2018
Bulgaria's exports in January to July 2018 were 1.8 per cent lower than in the first seven months of 2017, while at the same time imports increased by 8.3 per cent, the National Statistical Institute (NSI) said on September 12.

In the period January - July 2018, the total value of all the goods exported from Bulgaria amounted to 30 463.8 million leva.

In July 2018, the total exports of goods from Bulgaria added up to 4 872.7 million leva, an increase of 0.9 per cent compared to July 2017.

The total value of all the goods imported into Bulgaria in the period January - July 2018 amounted to 36 018.0 million leva (at CIF prices).

In July 2018, the total imports of goods to Bulgaria increased by 18.7 per cent compared to July 2017 and added up to 5 615.7 million leva.

The total foreign trade balance of Bulgaria (exports FOB - import CIF) was negative in the period January - July 2018 and amounted to 5 554.2 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - July 2018 the total foreign trade balance was also negative and added up to 3 029.0 million leva.

In July 2018, the total foreign trade balance (exports FOB - import CIF) was negative and added up to 743.0 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 379.3 million leva.

In the period January - July 2018 the exports of goods from Bulgaria to third countries decreased by 23.2 per cent in comparison with the same period of 2017 and added up to 8 855 million leva

The main trade partners of Bulgaria were Turkey, China, Serbia, the United States, the Former Yugoslav Republic of Macedonia and the Russian Federation, which accounted for 52.9 per cent of the exports to non-EU countries.

In July 2018, exports of goods from Bulgaria to third countries decreased by 19.3 per cent compared to the corresponding month of the previous year and amounted to 1 368.4 million leva.

Imports of goods to Bulgaria from third countries in the period January - July 2018 increased by 3.7 per cent in comparison with the same period of 2017 and added up to 12 621.9 million leva.

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

In July 2018, the imports of goods to Bulgaria from third countries increased by 18.8 per cent compared to the corresponding month of the previous year and amounted to 2 045.9 million leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - July 2018 was negative and added up to 3 766.9 million leva.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 2 696.9 million leva. In July 2018 the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to 677.5 million leva, the NSI said./IBNA

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