Bulgaria's Exports Up 7.2% Y/Y in 2013

Business | September 12, 2014, Friday // 13:47
Bulgaria: Bulgaria's Exports Up 7.2% Y/Y in 2013 National Statistical Institute HQ in Sofia, photo by novelm.bg

In 2013 Bulgaria's exports totaled BGN 43.6 B, up by 7.2% on the year, according to data of the National Statistical Institute (NSI).

In 2013, Bulgaria imported goods worth a total of BGN 50.5 B (at CIF prices), up by 1.4% on the year.

Bulgaria's foreign trade balance (exports FOB - import CIF) was negative in 2013, amounting to BGN 7.0 B, down by BGN 2.2 B compared to 2012.

At FOB/FOB prices (after the elimination of transport and insurance costs on imports) the negative balance for 2013 added up to BGN 4.8 B.

There were annual increases in most of the categories of exported goods (following the Standard International Trade Classification).

The largest growth, at 20.2%, was recorded in the group of „Animal and vegetable oils, fats and waxes".

The only decrease, at 2.9%, was registered in the group of "Mineral fuel, lubricants and related materials."

As regards imports, the largest increases were recorded in the groups of „Beverages and tobacco" (by 10.8%) and "Miscellaneous manufactured articles" (by 9.9%).

The most notable decrease, at 13.4%, was reported in the group of "Animal and vegetable oils, fats and waxes."

In 2013, Bulgaria's exports to EU countries increased by 9.1% y/y, reaching BGN 26.1 B.

Bulgaria's main trade partners were Germany, Italy, Romania, Greece, France, Belgium and Spain, which accounted for 75.3% of the exports to EU.

Bulgaria's imports from EU countries in 2013 increased by 3.1% y/y to BGN 30.2 B.The largest amounts of imports were supplied from Germany, Italy, Romania, Greece and Spain.

Bulgaria's Foreign trade balance (exports FOB - import CIF) with EU countries was negative, amounting to BGN 4.1 B in 2013.

The largest annual increase in Bulgaria's exports to EU countries, at 29.5%, was registered in the group of „Animal and vegetable oils, fats and waxes."

The largest increase in imports from EU countries, at 8.7%, was observed in the group of „Beverages and tobacco."

In 2013, Bulgaria's exports to third countries increased by 4.5% y/y, reaching BGN 17.4 B.

Bulgaria's main trade partners were Turkey, China, the Russian Federation, Ukraine, Gibraltar, Serbia and Macedonia, generating 53.7% of the total exports to non EU countries.

Bulgaria's imports from third countries in 2013 decreased by 0.9% y/y, amounting to BGN 20.4 B.

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

Bulgaria's trade balance (export FOB - import CIF) with third countries was negative, at BGN 2.9 B in 2013.

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Tags: National Statistical Institute

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