Foodstuffs Raise Their Share In Bulgaria's Exports

Business | October 6, 2014, Monday // 15:14
Bulgaria: Foodstuffs Raise Their Share In Bulgaria's Exports Photo: BGNES

In the period 2001-2012 food and drinks exports from Bulgaria grew 7.6 times, shows an analysis of the KNSB trade union.

The food exports grow faster than the overall export of the country for the period, which grew six times. The export of tobacco and cigarettes increased eight times.

In 2012 Bulgaria's food industry produced goods for BGN 9.5 B, shows the analysis, quoted by the Sega daily. It constitutes 15.2% of the country's industry and is the second largest. It employs 4.6% of the workforce.

In 2012 the export of foodstuffs increased threefold 1.086 M tonnes, year on year.

The production of bread and other baked goods holds the largest share in the food industry, while the meat production and processing is growing the fastest. The two sectors produce 71% of the foods in value, or BGN 4.8 B.

The share of milk and dairy production also grows – from 9.6% in 2001 to 12.3% in 2011.

The most sought after Bulgarian foodstuffs are wheat, flour, oats, maize, pastry products, sunflower and rapeseed oil. Those products constitute 50% of all Bulgarian food exports.

Data of the Bulgarian Small and Medium Enterprises Promotion Agency shows that the main foreign markets for pastry and baked goods are Romania, Poland, UK and Greece. The oils sell well in Greece and Romania.

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Tags: Bulgaria, export, food, foodstuffs, industry, tobacco

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