Bulgaria’s exports in January – June 2019 up 6.3% year-on-year

Bulgaria’s exports in January – June 2019 up 6.3% year-on-year

The total value of goods exported from Bulgaria in January to June 2019 was 6.3 per cent higher than in the first six months of 2018, the National Statistical Institute (NSI) said on August 12.

In the period January – June 2019 the total value of all the goods exported from Bulgaria amounted to 27 840.5 million leva, the NSI said.

In June 2019 alone, Bulgaria’s total exports of goods added up to 4 524.4 million leva, a decrease of 6.4 per cent compared with June 2018.

The total value of all the goods imported into Bulgaria in January – June 2019 amounted to 30 508.9 million leva (at CIF prices), about 0.4 per cent more than January – June 2018.

In June 2019, imports of goods decreased by 14.3 per cent compared with June 2018 and added up to 4 713.1 million leva.

Bulgaria’s total foreign trade balance (exports FOB – import CIF) was negative in January – June 2019 and amounted to 2 668.4 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January – June 2019 the total foreign trade balance was also negative and added up to 579.2 million leva.

In June 2019 the total foreign trade balance (exports FOB – import CIF) was negative and added up to 188.7 million leva. The trade balance at FOB/FOB prices was positive and amounted to 104.5 million leva.

In January – June 2019, exports of goods from Bulgaria to third countries (meaning, non-EU countries) increased by 9.1 per cent in comparison with January to June 2018 and added up to 8 828.7 million leva.

Among non-EU countries, Bulgaria’s main trading partners were Turkey, China, Serbia, the Russian Federation, the United States and the Republic of North Macedonia which accounted for 50.1 per cent of the exports to third countries.

In June 2019, exports of goods from Bulgaria to third countries decreased by 11.7 per cent compared to the corresponding month of the previous year and amounted to 1 438.5 million leva.

Imports of goods to Bulgaria from third countries in the period January – June 2019 decreased by 1.4 per cent in comparison with January – June 2018 and added up to 10 426.8 million leva (at CIF prices).

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

In June 2019, imports of goods to Bulgaria from third countries decreased by 30.2 per cent compared to the corresponding month of the previous year and amounted to 1 440.6 million leva.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in January – June 2019 was negative and added up to 1 598.1 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 691.5 million leva. In June 2019 the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and amounted to 2.1 million leva, the NSI said./ibna