Bulgaria's Exports to Third Countries Drop by 15% in Jan-May

Business | July 10, 2014, Thursday // 12:25| Views: 672 | Comments: 0
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Bulgaria: Bulgaria's Exports to Third Countries Drop by 15% in Jan-May File photo.

In January-May 2014 Bulgarian exports to third countries decreased by 14.8% compared to the same period of 2013 and amounted to BGN 6.1B.

Main trade partners of Bulgaria were Turkey, China, Singapore, the Russian Federation, Macedonia and the United Arab Emirates which accounted for 54.4% of the exports to non EU countries, according to the preliminary data released by the National Statistical Institute.

In May 2014 exports to third countries decreased by 0.6% compared to the corresponding month of the previous year and amounted to BGN 1.4B.

Bulgarian imports from third countries in the first five months of 2014 decreased by 5.2% compared to the corresponding period of 2013 and added up to BGN 7.8B (at CIF prices).The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Ukraine.

In May 2014 Bulgarian imports from third countries increased by 0.5% compared to the corresponding month of the previous year and amounted to BGN 1.8B.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries for the period January-May 2014 was negative and added up to BGN 1766.9M.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to BGN 1361.3 M.

In May 2014 the foreign trade balance of Bulgaria (export FOB-import CIF) with third countries was negative and amounted to BGN 350.8M.

In the period January – May 2014 the value of all exported goods from Bulgaria amounted to BGN 16.4B and compared to the corresponding period of 2013 the exports decreased by 5.4%. In May 2014 the total exports added up to BGN 3.5B and increased by 5.4% compared to the corresponding month of the previous year.

The total value of all the goods imported in the country in the period January-May 2014 amounted to BGN 20.1B (at CIF prices), or by 0.1 % less than the corresponding period of 2013.

In May 2014 the total imports decreased by 0.3% compared to the corresponding month of the previous year and added up to BGN 4.1B.The total foreign trade balance (exports FOB-import CIF) was negative in the period January-May 2014 and amounted to BGN 3719.8M which was BGN 924.5M more than the balance in the first five months of 2013. At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January-May2014 the total foreign trade balance was also negative and amounted to BGN 2742.7M.

In May 2014 the total foreign trade balance (exports FOB-import CIF) was negative and added up to BGN 636.9M. The trade balance at FOB/FOB prices was also negative and amounted to BGN 425.5M.

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Tags: third countries, export, import, Bulgaria, trade balance, foreign trade balance
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