In January - April 2019 Bulgarian Exports to the EU Grew by 7.3%

Business | July 13, 2019, Saturday // 10:34| Views: | Comments: 0
Bulgaria: In January - April 2019 Bulgarian Exports to the EU Grew by 7.3%

In the period January-April 2019 Bulgarian exports to the EU grew by 7.3% compared to the same period in 2018 and amounted to BGN 12,749.1 million, according to the National Statistical Institute (NSI). The main trade partners of Bulgaria were Germany, Romania, Italy, Greece, France and Belgium, which accounted for 67.3% of the exports to the EU member states.
In April 2019, exports to the EU increased by 8.4% compared to the same month of the previous year and amounted to BGN 3,142.0 million.
The largest growths in the exports of Bulgaria to the EU distributed according to the Standard International Trade Classification was recorded in the section ‘Mineral fuel, lubricants and related materials’ (111.1%). The most notable decline was recorded in the section ‘Animals and vegetable oils, fats and waxes’ (14.9%).
Bulgaria's imports from the EU in January-April 2019 increased by 2.3% compared to the same period of 2018 and reached BGN 13,297.6 million at CIF prices. The largest amounts were reported for goods imported from Germany, Italy, Romania, Greece and Spain.
In April 2019, Bulgarian imports from the EU increased by 8.4% compared to the same month of the previous year and amounted to BGN 3,479.8 million.
The largest growth in imports from the EU distributed according to the Standard International Trade Classification was reported in the section ‘Beverages and tobacco’ (44.6%), while the most notable decline was observed in the section ‘Crude materials, inedible (except fuel)’ (27.4%).
The foreign trade balance of Bulgaria (export FOB - import CIF) with the EU in the period negative and amounted to BGN 548.5 million. At FOB / FOB prices (after elimination of transport and insurance costs on imports) the balance was positive and amounted to BGN 264.1 million.

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