Bulgarian exports to other EU countries up 2.1% year-on-year – statistics institute

Bulgarian exports to other EU countries up 2.1% year-on-year – statistics institute

Sofia, December 9, 2014/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

In January – September 2014, Bulgarian exports to other European Union countries were 2.1 per cent higher than in the same period of 2013, according to figures released on December 9 by the National Statistics Institute (NSI).

Exports to other EU countries added up to 19.9 billion leva, the NSI said in a summary of preliminary figures.

The main trading partners of Bulgaria were Germany, Italy, Romania, Greece, France and Belgium, which accounted for 71.3 per cent of the exports to the EU member states.

However, in September 2014, exports to the EU decreased by 2.5 per cent compared to the corresponding month of the previous year and amounted to 2.4 billion leva.

Bulgarian imports from the EU in the period January – September 2014 increased by 2.8 per cent compared to the corresponding period of the previous year and added up to 22.9 billion leva at CIF prices.

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

In September 2014, Bulgarian imports from the EU member states decreased by 1.3 per cent compared to the corresponding month of the previous year and amounted to 2.8 billion leva at CIF prices.

The foreign trade balance of Bulgaria (export FOB – import CIF) with the EU in the period January – September 2014 was negative and added up to 2 944.1 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 2 022.5 million leva.

In the first nine months of 2014 compared to the corresponding period of the previous year the largest growth (14.2 per cent) in the exports of Bulgaria to the EU distributed according to the Standard International Trade Classification was recorded in the section “Animals and vegetable oils, fats and waxes”.

The most notable fall was recorded in sections “Mineral fuel, lubricants and related materials” (20.1 per cent) and “Beverages and tobacco” (20.0 per cent).

In imports from the EU the largest growth (9.0 per cent) was reported in section “Chemical and related products n.e.c.” while the most notable fall (15.9 per cent) was observed in section “Animals and vegetable oils, fats and waxes”.