Bulgarian exports to EU 3.2% up in 2014 on annual basis – statistics institute

Bulgarian exports to EU 3.2% up in 2014 on annual basis – statistics institute

Sofia, March 13, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

In 2014 Bulgarian exports to the EU increased by 3.2 per cent compared to 2013 and amounted to 27 billion leva (about 13.8 million euro), the National Statistical Institute said, citing preliminary figures.

The main trading partners of Bulgaria among EU countries were Germany, Italy, Romania, Greece, France and Belgium, which accounted for 70.6 per cent of the exports to the EU member states, the NSI said on March 12.

In December 2014, Bulgaria’s exports to the EU increased by 18.7 per cent compared to the corresponding month of the previous year and amounted to 2.1 billion leva.

Bulgarian imports from the EU in 2014 increased by 4.5 per cent compared to 2013 and added up to 31.5 billion leva at CIF prices.

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

The foreign trade balance of Bulgaria (export FOB – import CIF) with the EU in 2014 was negative and added up to 4 575.3 million leva. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 3 295.8 million leva.

In December 2014, Bulgarian imports from EU member states increased by 13.3 per cent compared to the corresponding month of the previous year and amounted to 2.8 billion leva at CIF prices.

In separate figures, the NSI said that in January 2015, Bulgarian exports to third countries decreased by 2.5 per cent compared to the corresponding month of 2014 and amounted to 1.1 billion leva.

The main trading partners of Bulgaria were Turkey, China, Singapore, Serbia, the US and Macedonia which accounted for 54.9 per cent of exports to non-EU countries.

Bulgarian imports from third countries in January 2015 decreased by 9.9 per cent compared to the corresponding month of 2014 and added up to 1.5 billion leva (at CIF prices).

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

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in January 2015 was negative and added up to 364.6 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 296.5 million leva.