Bulgarian exports to non-EU countries up 10.4% in January-May 2015

Bulgarian exports to non-EU countries up 10.4% in January-May 2015

Sofia, July 10, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Bulgarian exports to “third countries” – meaning non-EU countries – were 10.4 per cent higher in January to May 2015 than in the first five months of 2014, the National Statistical Institute said on July 10, citing preliminary figures.

In the period January – May 2015, Bulgarian exports to third countries increased amounted to 6.8 billion leva (about 3.47 billion euro).

Among non-EU countries, the main trading partners of Bulgaria were Turkey, China, Serbia, the United States, the Russian Federation and Singapore, which accounted for 50.6 per cent of the exports to third countries.

In May 2015, exports to third countries decreased by 0.7 per cent compared to the corresponding month of the previous year and amounted to 1.4 billion leva.

Bulgarian imports from third countries in the first five months of 2015 decreased by 1.1 per cent compared to the corresponding period of 2014 and added up to 7.8 billion leva (at CIF prices). The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Ukraine.

In May 2015, Bulgarian imports from third countries decreased by 9.3 per cent compared to the corresponding month of the previous year and amounted to 1.6 billion leva.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in the period January – May 2015 was negative and added up to 982.7 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 626.2 million leva, the NSI said.

In May 2015 the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and amounted to 183.5 million leva.

In the first five months of 2015 compared to the corresponding period of 2014 in the exports of Bulgaria to third countries distributed according to the Standard International Trade Classification the largest growth were recorded in the section ‘Animals and vegetable oils, fats and waxes’ (251.2 per cent) and ‘Miscellaneous manufactured articles’ (56.7 per cent).

The most notable fall was reported in the category ‘Mineral fuel, lubricants and related materials’ (8.1 per cent).

In imports from third countries, the largest growths were reported in sections ‘Food and live animals’ (32.9 per cent) and ‘Crude materials, inedible (except fuels)’ 3 (20.0 per cent) while the most notable fall was observed in section ‘Beverages and tobacco’ (21.8 per cent).

In the period January – May 2015, the value of all exported goods from Bulgaria amounted to 18.4 billion leva and compared to the corresponding period of 2014, exports increased by 11.6 per cent, the NSI said.

In May 2015, total exports added up to 3.7 billion leva, an increase of 6.8 per cent compared to the corresponding month of the previous year.

The total value of all the goods imported in the country in the period January – May 2015 amounted to 21.0 billion leva (at CIF prices), or by 4.4 per cent more than the corresponding period of 2014.

In May 2015, total imports increased by 1.2 per cent compared to the corresponding month of the previous year and added up to 4.2 billion leva.

The total foreign trade balance (exports FOB – import CIF) was negative in the period January – May 2015 and amounted to 2 653.8 million leva which was 1 018.2 Million leva less than the balance in the first five months of 2014.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January – May 2015 the total foreign trade balance was also negative and amounted to 1 732.6 million leva.

In May 2015 the total foreign trade balance (exports FOB – import CIF) was negative and added up to 453.2 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 248.6 million leva, the NSI said.