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Home World Business

Bulgaria’s export to third countries up 13.8% in 2014

byCustoms Today Report
11/06/2015
in World Business
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SOFIA: Bulgaria’s exports to third countries has increased by 13.8% compared with the same period in 2014 and amounts at BGN 5.4 billion, show the data of Bulgaria’s National Statistical Institute.

Bulgaria’s main trade partners were Turkey, China, Serbia, Singapore, USA and Russian Federation, which made 51.0% of the exports to non-EU countries.

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In April 2015 exports to third countries have increased by 12.8%, compared with the corresponding month of the previous year, and amount at BGN 1.5 billion.

Bulgaria’s imports from third countries in the first four months of 2015, on the other hand, have increased by 1.3%, compared with the corresponding period of 2014, and added up to BGN 6.2 billion (at CIF prices).

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

In April 2015 Bulgarian imports from third countries have decreased by 0.8% compared with the corresponding month of the previous year and amounted at BGN 1.7 billion.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in the period January – April 2015 was negative and added up to BGN 799.2 million.

The trade balance at FOB/FOB prices (after exclusion of transport and insurance costs on imports) was also negative and amounted at BGN 518.2 million.

In April 2015 the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and amounted to BGN 157.9 million.

In the first four months of 2015, compared with the corresponding period of 2014, the exports of Bulgaria to third countries distributed according to the Standard International Trade Classification reported the largest growth in the sector ‘Animals and vegetable oils, fats and waxes’ (279.1%) and ‘Miscellaneous manufactured articles’2 (52.0%). Fall was reported in sector ‘Beverages and tobacco’ (0.6%).

In imports from third countries the largest growths were reported in sectors ‘Food and live animals’ (32.7%) and ‘Crude materials, inedible (except fuels)’ 3 (28.6%) while the most notable fall was observed in section ‘Beverages and tobacco’ (28.0%).

 

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