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Bulgaria's Exports to EU Up 9.5% Jan-Oct 2013

Politics » BULGARIA IN EU | January 9, 2014, Thursday // 11:45| Views: 1340 | Comments: 0
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Bulgaria's Exports to EU Up 9.5% Jan-Oct 2013: Bulgaria's Exports to EU Up 9.5% Jan-Oct 2013 In October 2013, exports to the EU increased by 13.8% compared to the corresponding month of the previous year and amounted to BGN 2.4 B, file photo

In the period January - October 2013, Bulgarian exports to the EU increased by 9.5% compared to the corresponding period of the previous year.

The data was released by the National Statistics Institute, NSI, Thursday.

For this period, exports to the EU amounted to BGN 21.9 B.

The main trade partners of Bulgaria were Germany, Italy, Romania, Greece and France which accounted for 67.6% of the exports to the EU Member States.

In October 2013, exports to the EU increased by 13.8% compared to the corresponding month of the previous year and amounted to BGN 2.4 B.

Bulgarian imports from the EU in the period January - October 2013 grew by 2.7% compared to the corresponding period of the previous year and added up to BGN 25 B at CIF prices. The largest amounts were reported for the goods imported from Germany, Italy, Romania, Greece and Spain.

In October 2013, Bulgarian imports from EU Member States increased by 4.9% compared to the corresponding month of the previous year and amounted to BGN 2.8 B at CIF prices.

The foreign trade balance of Bulgaria (export FOB - import CIF) with the EU in the period January – October 2013 was negative and added up to BGN 3 068.2 M. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to BGN 1 919.7 M.

In the first ten months of 2013, compared to the corresponding period of the previous year, the largest growths in exports of Bulgaria to the EU, distributed according to the Standard International Trade Classification, were recorded in the sections "animals and vegetable oils, fats and waxes" (27.3%) and "beverages and tobacco" (20.0%).

A fall (4.1%) was recorded in section "mineral fuels, lubricants and related materials."

In imports from the EU, the largest increase (13.9%) was reported in section "crude materials, inedible (except fuel)" while the most notable fall (2.5%) was observed in the section "mineral fuels, lubricants and related materials."

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Tags: NSI, exports, imports, CIF, FOB, trade balance, EU, Standard International Trade Classification
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