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Bulgarian exports to non-EU countries up 20.3% in March 2017, but trade balance negative

Bulgarian exports to non-EU countries up 20.3% in March 2017, but trade balance negative
Bulgarian exports to third countries - meaning, those that are not members of the European Union - were 20.1 per cent higher in January - March 2017 than in the first three months of 2016, the National Statistical Institute (NSI) said on May 10, citing preliminary data.

In January - March 2017, Bulgarian exports to third countries amounted to 4 243.3 million leva, the NSI said..

Bulgaria's main trading partners were Turkey, China, Egypt, Serbia, the Republic of Macedonia and the Russian Federation, which accounted for 52.9 per cent of the exports to non EU countries.

In March 2017, Bulgarian exports to third countries increased by 20.3 per cent compared to the corresponding month of the previous year and amounted to 1 411.0 billion leva.

Bulgarian imports from third countries in the period January - March 2017 increased by 41.8 per cent in comparison with the corresponding period of the previous year and added up to 5 158.3 million leva (at CIF prices).

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

In March 2017, Bulgarian imports from third countries increased by 63.3 per cent compared to the corresponding month of the previous year and amounted to 1 977.7 billion leva.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - March 2017 was negative and added up to 915.0 million leva.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 653.2 million leva.

In March 2017 the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to 566.7 million leva.

In January - March 2017, the value of all exported goods from Bulgaria amounted to 12 161.3 Million leva and in comparison with the corresponding period of the previous year the exports increased by 14.8 per cent.

In March 2017, the total exports added up to 4 371.8 billion leva and increased by 18.8 per cent compared to the corresponding month of the previous year.

The total value of all the goods imported in the country in the period January - March 2017 amounted to 13 927.7 million leva (at CIF prices), or 21 per cent more than the same period of 2016.

In March 2017, the total imports increased by 25.3 per cent compared to the same month of the previous year and added up to 5 285.9 Billion leva.

The total foreign trade balance (exports FOB - import CIF) was negative in the period January - March 2017 and amounted to 1 766.4 million leva.

At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - March 2017, the total foreign trade balance was also negative and added up to 1 068.7 Million leva.

In March 2017 the total foreign trade balance (exports FOB - import CIF) was negative and added up to 914.1 million leva. The trade balance at FOB/FOB prices was also negative and amounted to 647.2 million leva, the NSI said./IBNA

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