SOFIA: Bulgarian exports to EU increased by 2.1% compared to the corresponding period of the previous year and amounted to BGN 24.9 billion, shows the preliminary data of Bulgaria’s National Statistical Institute.
Main trade partners of Bulgaria were Germany, Italy, Romania, Greece, France and Belgium which accounted for 71.0% of the exports to the EU Member States.
In November 2014 the exports to the EU decreased by 0.4% compared to the corresponding month of the previous year and amounted to BGN 2.4 billion.
Bulgarian imports from the EU in the period January – November 2014 increased by 3.5% compared to the corresponding period of the previous year and added up to BGN 28.6 billion at CIF prices. The largest amounts were reported for the goods imported from Germany, Italy, Romania, Greece and Spain.
In November 2014 the Bulgarian imports from the EU Member States increased by 5.7% compared to the corresponding month of the previous year and amounted to BGN 2.8 billion at CIF prices.
The foreign trade balance of Bulgaria (export FOB – import CIF) with the EU in the period January – November 2014 was negative and added up to BGN 3 761.1 million. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to BGN 2 602.6 million.
In the first eleven months of 2014 compared to the corresponding period of the previous year the largest growth (12.3%) in the exports of Bulgaria to the EU distributed according to the Standard International Trade Classification was recorded in the section “Chemical and related products n.e.c.”.
The most notable fall was recorded in sections “Mineral fuel, lubricants and related materials” (22.9%) and “Beverages and tobacco” (19.3%).
In imports from the EU the largest growth (7.9%) was reported in section “Chemical and related products n.e.c.” while the most notable fall (17.5%) was observed in section “Animals and vegetable oils, fats and waxes”.