Bulgarian exports to non-EU countries fall 7.1% year-on-year, trade balance negative

Bulgarian exports to non-EU countries fall 7.1% year-on-year, trade balance negative

Sofia, December 10, 2014/ Independent Balkan News Agency

By Clive Leviev – Sawyer of The Sofia Globe

Bulgarian exports to “third countries” – meaning those that are not members of the European Union – were 7.1 per cent less in January to October 2014 than in the same months of 2013, the National Statistics Institute (NSI) said on December 10.

In January to October 2014, Bulgarian exports to third countries added up to 13.5 billion leva, according to NSI preliminary figures.

The main non-EU trading partners of Bulgaria were Turkey, Singapore, Russia, China, Macedonia and Serbia which accounted for 53 per cent of the exports to non-EU countries, the NSI said.

In October 2014, exports to third countries decreased by 2.5 per cent compared to the corresponding month of the previous year and amounted to 1.5 billion leva.

Bulgarian imports from third countries in the first 10 months of 2014 decreased by 2.8 per cent compared to the corresponding period of 2013 and added up to 16.5 billion leva (at CIF prices).

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

In October 2014, Bulgarian imports from third countries decreased by 2.7 per cent compared to the

corresponding month of the previous year and amounted to 1.7 billion leva, the NSI said.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in the period

January – October 2014 was negative and added up to 2 992.1 million leva.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 2 210.0 million leva.

In October 2014 the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and amounted to 191.5 million leva.

In the first 10 months of 2014, compared to the corresponding period of 2013, in the exports of Bulgaria to third countries distributed according to the Standard International Trade Classification, the largest growth was recorded in the section ‘Animals and vegetable oils, fats and waxes’.

The most notable falls were reported in sections ‘Crude materials, inedible (except fuels)’ (27 per cent) and ‘Mineral fuel, lubricants and related materials’ (15 per cent).

In imports from third countries, the largest growths were reported in sections ‘Manufactured goods classified chiefly by material’ (15.3 per cent) and ‘Machinery and transport equipment’ (15.3 per cent) while the most notable fall was observed in the section ‘Mineral fuel, lubricants and related materials’ (15.1 per cent).

In the period January – October 2014, the value of all exported goods from Bulgaria amounted to 35.9 billion leva and compared to the corresponding period of 2013, exports decreased by 1.4 per cent.

In October 2014 the total exports added up to 4.0 billion leva and increased by 1.9 per cent compared to the corresponding month of the previous year.

The total value of all the goods imported into the country in the period January – October 2014 amounted to 42.4 billion leva (at CIF prices), or by 0.9 per cent more than corresponding period of 2013.

In October 2014 the total imports increased by 4.4 per cent compared to the corresponding month of the previous year and added up to 4.7 billion leva.

The total foreign trade balance (exports FOB – import CIF) was negative in the period January – October 2014 and amounted to 6 442.5 million leva which was 912.8 million leva more than the balance in the first 10 months of 2013 .

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January – October 2014 the total foreign trade balance was also negative and amounted to 4 588.1 million leva.

In October 2014 the total foreign trade balance (exports FOB – import CIF) was negative and added up to 697.8 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 463.9 million leva.