Bulgarian Exports Decreased in Beginning of 2014
Exports to the EU dwindled by 2.6% on a yearly basis in January and was estimated at BGN 2 B.
Statistics on trade with non-EU countries yield worse results, with a 14.2% decrease in exports for January and February, the website Expert.bg reports, citing official data.
It amounted to BGN 2.4 B. Within the EU, Germany, Italy, Greece, Romania, France and Belgium are Bulgaria's top trade partners, while Turkey, Singapore, China, Russia, OAE and FYR Macedonia rank as most important to commerce among states outside the bloc.
EU-originated imports to Bulgaria in January were up 12.8% compared to the same month in 2013, but that of third countries dropped by 8.8%.
Trade balance with the EU in January 2014 was negative, with a deficit totaling BGN 365 M, or BGN 256.9 on FOB prices (which do not include transport and product insurance costs).
With non-EU countries it iwas BGN 605.5 M or BGN 448.6 M.
- » Sweden’s Assa Abloy Acquires Bulgarian-Based Locking Systems Maker Mauer
- » China’s Zhengzhou Yutong Bus Co. Considering Production in Bulgaria
- » Workers to Protest Again over Closure of Tobacco Plant in Sofia
- » Bulgarian Govt Proposes to Ban Sale of Two Key Arms Firms
- » Bulgaria Ranks among Top Software Outsourcing Destinations, Studies Show
- » Miners Stage Blockade Near Bulgaria's Burgas over Lack of Payment