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Bulgaria reports negative foreign trade balance for January – September 2016

By   /   09/11/2016  /   Comments Off on Bulgaria reports negative foreign trade balance for January – September 2016

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Bulgaria had a negative foreign trade balance from January to September 2016, the National Statistical Institute (NSI) said on November 9, citing preliminary figures.

Reporting on trade both with non-EU and other EU countries, the NSI said that in January to September 2016, the value of all exported goods from Bulgaria amounted to 33 740.1 million leva, and in comparison with the corresponding period of 2015, exports decreased by 0.5 per cent.

In September 2016, Bulgaria’s total exports added up to 4 045.8 million leva, 11.6 per cent more than in September 2015.

The total value of all the goods imported into Bulgaria in January – September 2016 amounted to 36 807.7 million leva (at CIF prices), or 3.3 per cent less than the corresponding period of 2015.

In September 2016, total imports increased by 1.6 per cent compared to September 2015, and added up to 4 165.6 million leva, the NSI said.

The total foreign trade balance (exports FOB – import CIF) was negative in the period January – September 2016 and amounted to 3 067.6 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January – September 2016, Bulgaria’s total foreign trade balance was also negative and added up 1 301.6 million leva.

In September 2016, Bulgaria’s total foreign trade balance (exports FOB – import CIF) was negative and amounted to 119.8 million leva. The trade balance at FOB/FOB prices was positive and added up 89.4 million leva, the NSI said.

As regards figures for trade with non-EU countries, the NSI said that in January – September 2016, Bulgarian exports to third countries decreased by 12 per cent in comparison with the same period of 2015 and amounted to 10 719.0 million leva.

Among non-EU countries, the main trading partners of Bulgaria were Turkey, the Republic of Macedonia, Serbia, China, Russia and the US, which accounted for 49.1 per cent of exports to non-EU countries.

In September 2016, Bulgarian exports to third countries increased by 5.6 per cent compared to the corresponding month of the previous year and added up to 1 202.9 million leva.

Bulgarian imports from third countries in the period January – September 2016 decreased by 11.1 per cent in comparison with the same period of 2015 and added up to 12 326.4 million leva (at CIF prices).

The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Ukraine. In September 2016, Bulgarian imports from third countries increased by 0.7 per cent compared to the corresponding month of the previous year and amounted to 1 434.3 million leva, the NSI said.

The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in the period January – September 2016 was negative and added up to 1 607.4 million leva. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 996.5 million leva.

In September 2016, the foreign trade balance of Bulgaria (export FOB – import CIF) with third countries was negative and added up to 231.4 million leva, the NSI said./IBNA

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