Bulgaria’s Exports to Third Countries Down 7.1% Y/Y in Jan-Oct 2014

Business | December 10, 2014, Wednesday // 11:57
Bulgaria: Bulgaria’s Exports to Third Countries Down 7.1% Y/Y in Jan-Oct 2014 Bulgaria's National Statistical Institute, photo by BGNES

In the period January - October 2014,Bulgaria’s exports to third countries decreased by 7.1% on the year, reaching BGN 13.5 B, according to the National Statistical Institute (NSI).

Bulgaria’s main trade partners were Turkey, Singapore, the Russian Federation, China, Macedonia, and Serbia, which accounted for 53.0% of the exports to non-EU countries.

In October 2014, exports to third countries decreased by 2.5% on the year, reaching BGN 1.5 B.

Bulgaria’s imports from third countries in the first ten months of 2014 decreased by 2.8% compared to the corresponding period of 2013 and amounted to BGN 16.5 B (at CIF prices).

The largest amounts of imports came from the Russian Federation, Turkey, China and Ukraine.

In October 2014,Bulgaria’s imports from third countries decreased by 2.7% on the year, reaching BGN 1.7 B.

Bulgaria’s imports from third countries in the first ten months of 2014 decreased by 2.8% compared to the corresponding period of 2013 and amounted to BGN 16.5 B (at CIF prices).

The largest amounts of imports came from the Russian Federation, Turkey, China and Ukraine.

In October 2014,Bulgarian imports from third countries decreased by 2.7% compared to the corresponding month of the previous year and amounted to BGN 1.7 B.

In the period January - October 2014,the value of all exported goods from Bulgaria amounted to BGN 35.9 B, down by 1.4% year-on-year.

In October 2014, total exports stood at BGN 4 B, up by 1.9% on the year.

The total value of all of the goods imported in Bulgariain the period January - October 2014 amounted to BGN 42.4 B (at CIF prices), up by 0.9 % from the corresponding period of 2013.

In October 2014,total imports increased by 4.4%  on the year, reaching BGN 4.7 B.

In the period January - October 2014, the total foreign trade balance (exports FOB - import CIF) was negative, at BGN 6 442.5 M, up by BGN 912.8 M from the corresponding period of 2013.

In the period January - October 2014, the total foreign trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports)  was also negative and amounted to BGN 4 588.1 M.

In October 2014,the total foreign trade balance (exports FOB - import CIF) was negative and amounted to BGN 697.8 M.

The trade balance at FOB/FOB prices was also negative and amounted toBGN 463.9 M.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - October 2014 was negative and amounted to BGN 2 992.1 M.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to BGN 2 210.0 M.

In October 2014,the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to BGN 191.5 M.

In the first ten months of 2014, the largest annual increase in Bulgaria’s exports to third countries was registered in the segment ‘animal and vegetable oils, fats and waxes’ (24.6%), according to the 2 992.1 M.

The biggest decreases were reported in the segments of ‘crude materials, inedible (except fuels)(27.0%) and ‘mineral fuel, lubricants and related materials’ (15.0%).

As regards imports from third countries, the largest increases were reported in the segments of ‘manufactured goods classified chiefly by material’ (15.3%) and ‘machinery and transport equipment’ (15.3%), while the biggest drop was registered in the segment of ‘mineral fuel, lubricants and related materials’ (15.1%).

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: National Statistical Institute (NSI), exports, imports, third countries

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria