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Bulgaria reports another jump in exports but trade balance remains negative

Bulgaria reports another jump in exports but trade balance remains negative
In January to June 2017, the value of all exported goods from Bulgaria amounted to 25 131.3 million leva, an increase of 15.8 per cent over January to June 2016, the National Statistical Institute (NSI) said on August 9.

In June 2017, Bulgaria's total exports added up to 4 603.9 billion leva, growing by 16.3 per cent compared to June 2016, the NSI said, citing preliminary figures.

The total value of all goods imported into Bulgaria in January - June 2017 amounted to 28 437.3 million leva (at CIF prices), or 18.8 per cent more January - June 2016.

In June 2017, Bulgaria's total imports increased by 13.1 per cent compared to the same month of the previous year and added up to 4 876.7 billion leva.

The total foreign trade balance (exports FOB - import CIF) was negative in the period January - June 2017 and amounted to 3 306.0 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - June 2017 the total foreign trade balance was also negative and added up to 1 921.8 million leva.

In June 2017 the total foreign trade balance (exports FOB - import CIF) was negative and added up to 272.8 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 32.7 million leva.

In the period January - June 2017, Bulgarian exports to third countries increased by 25.4 per cent in comparison with the corresponding period of the previous year and amounted to 8 798.8 million leva. M

The main trade partners of Bulgaria were Turkey, China, the Russian Federation, Serbia, Egypt and the FYROM which accounted for 51.4 per cent of the exports to non EU countries.

In June 2017, Bulgarian exports to third countries grew by 23.1 per cent compared to the corresponding month of the previous year and amounted to 1 554.4 billion leva.

Bulgarian imports from third countries in the period January - June 2017 increased by 33 per cent in comparison with the corresponding period of the previous year and added up to 10 412.1 Million leva (at CIF prices).

The largest amounts were reported for goods imported from the Russian Federation, Turkey, China and Serbia.

In June 2017 Bulgarian imports from third countries grew by 25.1 per cent compared to the corresponding month of the previous year and amounted to 1 764.2 billion leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - June 2017 was negative and added up to 1 613.3 million leva.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 1 100.2 million leva.

In the period January - May 2017, Bulgarian exports to the EU increased by 10.8 per cent compared to the same period of 2016 and amounted to 13 283.0 million leva while the imports grew by 13 per cent and added up to 14 912.7 million leva, according to NSI preliminary figures.

In May 2017, Bulgaria's exports to other countries in the EU increased by 19.5 per cent compared to the corresponding month of the previous year and added up to 2 864.4 million leva while the imports grew by 20.0 per cent and amounted to 3 154.2 million leva./IBNA

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