Bulgarian Exports to Third Countries Decreased by 16.3%

Business » FINANCE | March 13, 2018, Tuesday // 12:21| Views: | Comments: 0
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Bulgaria: Bulgarian Exports to Third Countries Decreased by 16.3% pixabay.com

In January 2018 Bulgarian exports to third countries decreased by 16.3% in comparison with the same month of the previous year and added up to 1 098.0 Million BGN, according to data of the National Statistical Institute (NSI).

Main trade partners of Bulgaria were Turkey, China, the Former Yugoslav Republic of Macedonia, Serbia, the Russian Federation and the United states which accounted for 57.3% of the exports to non EU countries.

In January 2018 in the exports of Bulgaria to third countries distributed according to the Standard International Trade Classification the largest growths compared to the same month of 2017 were recorded in the sections ‘Chemical and related products n.e.c.’ (37.5%) and ‘Manufactured goods classified chiefly by material’ 2 (29.4%). The most notable falls were reported in sections ‘Mineral fuel, lubricants and related materials’ (79.6%) and ‘Beverages and tobacco’.

In January 2018 in the imports of Bulgaria from third countries distributed according to the Standard International Trade Classification the largest growths compared to the same month of 2017 were recorded in the sections ‘Animals and vegetable oils, fats and waxes’ (81.5%) and ‘Machinery and transport equipment’ (59.8%). Fall is observed only in sector ‘Mineral fuel, lubricants and related materials’(22.3%). The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in January 2018 was negative and added up to 731.2 Million BGN. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 593.9 Million BGN.

In January 2018 the value of all the goods exported from Bulgaria amounted to 4 211.1 Million BGN and in comparison with the same month of the previous year the exports increased by 12.3%.

The total value of all the goods imported in the country in January 2018 amounted to 5 044.3 Million BGN (at CIF prices), or by 19.3% more than the same month of 2017.

The total foreign trade balance (exports FOB - import CIF) was negative in January 2018 and amounted to 833.2 Million BGN . At FOB/FOB prices (after elimination of transport and insurance costs on imports) in January 2018 the total foreign trade balance was also negative and added up to 535.2 Million BGN.

 

 

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Tags: economy, imports, exports, National Statistical Institute, third countries
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