Exports from Bulgaria up 10.9% in January-February 2019 on annual basis

Exports from Bulgaria up 10.9% in January-February 2019 on annual basis

In the period January – February 2019 the total value of all the goods exported from Bulgaria amounted to 9.2 billion leva, about 10.9 per cent more than in the first two months of 2018, the National Statistical Institute (NSI) said on April 12, citing preliminary figures.

In February 2019 the total exports of goods from Bulgaria added up to 4 643.2 million leva, an increase of 18.9 per cent compared with February 2018, the NSI said.

The total value of all goods imported into Bulgaria in the period January – February 2019 amounted to 10 129.6 million leva (at CIF prices), 5.2 per cent more than the same period of 2018.

In February 2019, total imports of goods increased by 12.6 per cent compared with February 2018 and added up to 5 144.7 million leva.

The total foreign trade balance (exports FOB – import CIF) was negative in the period January – February 2019 and amounted to 927.6 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January – February 2019, the total foreign trade balance was also negative and added up to 242.6 million leva.

In February 2019, the total foreign trade balance (exports FOB – import CIF) was negative and added up to 501.5 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 178 million leva.

In the period January – February 2019, exports of goods from Bulgaria to third countries increased by 15 per cent in comparison with the same period of the previous year and added up to 2 874.5 million leva.

The main trading partners of Bulgaria were Turkey, China, the United States, Serbia, Egypt and the Russian Federation which accounted for 51.3 per cent of the exports to non-EU countries.

In February 2019, exports of goods from Bulgaria to third countries increased by 23 per cent compared to the corresponding month of the previous year and amounted to 1 480.3 million leva.

Imports of goods to Bulgaria from third countries in the period January – February 2019 increased by 12.3 per cent in comparison with same period of 2018 and added up to 3 909.9 million leva (at CIF prices).

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

In February 2019, imports of goods to Bulgaria from third countries increased by 15.9 per cent compared to the corresponding month of the previous year and amounted to 1 915.6 million leva.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in the period January – February 2019 was negative and added up to 1 035.4 million leva.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 694.7 million leva.

In February 2019, the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and amounted to 435.3 million leva, the NSI said./ibna