Bulgarian-German Trade Turnover Up 14% 2011 Y/Y

Business | February 23, 2012, Thursday // 12:08
Bulgarian-German Trade Turnover Up 14% 2011 Y/Y: Bulgarian-German Trade Turnover Up 14% 2011 Y/Y In 2011, Bulgaria's exports to Germany reached EUR 2.1 B. File photo

In 2011, the trade turnover between Germany and Bulgaria has reached EUR 4.5 B.

This is a 14% increase, compared to the previous year – 2010.

The data was published by the German-Bulgarian Industrial and Trade Chamber.

Bulgaria's exports to Germany are growing steadily. For the past ten years they have tripled, and in 2011 reached EUR 2.1 B (a 21% increase, compared to 2010). An increase was observed in imports from Germany as well, which in the last year (2011) reached EUR 2.4 B (an 8.5% increase, compared to 2010).

The EUR 4 B threshold was last reached in 2008, reminds the German-Bulgarian Industrial and Trade Chamber.

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Tags: Bulgaria, Germany, trade, turnover, exports, imports, German-Bulgarian Industrial and Trade Chamber

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