Bulgaria’s exports increased 3.8% in January 2019 – statistics institute

Bulgaria’s exports increased 3.8% in January 2019 – statistics institute

Bulgaria’s exports in January 2019 added up to about 4.5 billion leva, which was 3.8 per cent higher than in January 2018, the National Statistical Institute (NSI) said on March 13, citing preliminary data.

Imports into Bulgaria in January 2019 added up to about 4.98 billion leva, which was 1.5 per cent less than in January 2018, the NSI said.

Bulgaria’s total foreign trade balance (exports FOB – import CIF) was negative in January 2019 and amounted to 425.2 million leva. At FOB/FOB prices (after elimination of transport and insurance costs on imports) in 2019 the total foreign trade balance was also negative and added up to 97.1 million leva.

In January 2019, exports of goods from Bulgaria to third, meaning non-EU, countries increased by 7.5 per cent in comparison with the same month of the previous year and added up to 1.39 billion leva.

Bulgaria’s main trading partners were Turkey, China, the United States, Egypt, Serbia and the Russian Federation which accounted for 54.4 per cent of the exports to non-EU countries.

Imports of goods to Bulgaria from third countries in January 2019 increased by 9.1 per cent in comparison with same month of 2018 and added up to 1 994.3 million leva (at CIF prices). The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Egypt.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in January 2019 was negative and added up to 600.1 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 421.5 million leva, the NSI said./ibna