Bulgaria’s exports in January – May 2019 up 9.1% – statistics institute

Bulgaria’s exports in January – May 2019 up 9.1% – statistics institute

The total value of all goods exported from Bulgaria in January to May 2019 was 9.1 per cent higher than in the first five months of 2018, the National Statistical Institute (NSI) said on July 12, citing preliminary figures.

In the period January – May 2019 the total value of all the goods exported from Bulgaria amounted to 23 308.5 million leva, the NSI said.

In May 2019, Bulgaria’s total exports of goods added up to 4 639.3 million leva, about 7.3 per cent higher than in May 2018.

The total value of all the goods imported into Bulgaria in January – May 2019 was 25 747.0 million leva (at CIF prices), 3.5 per cent more than January – May 2018, the NSI said.

In May 2019, the total imports of goods to Bulgaria decreased by 0.6 per cent compared with May 2018 and added up to 5 133.1 million leva

The total foreign trade balance (exports FOB – import CIF) was negative in the period January – May 2019 and amounted to 2 438.5 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January – May 2019 the total foreign trade balance was also negative and added up to 675.7 million leva.

In May 2019, the total foreign trade balance (exports FOB – import CIF) was negative and added up to 493.8 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 177.4 million leva.

In the period January – May 2019 the exports of goods from Bulgaria to third countries increased by 14.4 per cent in comparison with the same period of the previous year and added up to 7 390.3 million leva.

The main trade partners of Bulgaria were Turkey, China, Serbia, the United States, the Russian Federation and the Republic of North Macedonia which accounted for 50.9 per cent of the exports to non EU countries.

In May 2019, exports of goods from Bulgaria to third countries increased by 13 per cent compared to the corresponding month of the previous year and amounted to 1 470.2 million leva.

Imports of goods to Bulgaria from third countries in the period January – May 2019 increased by 5.6 per cent in comparison with same period of 2018 and added up to 8 986.2 million leva (at CIF prices).

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

In May 2019, imports of goods to Bulgaria from third countries decreased by 7.3 per cent compared to the corresponding month of the previous year and amounted to 1 669.9 million leva.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in the period January – May 2019 was negative and added up to 1 595.9 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 818.9 million leva.

In May 2019, the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and amounted to 199.7 million leva, the NSI said./ibna