Bulgaria's Export to China Up by 240% in January-May 2010

Bulgaria's export to China has grown tremendously since the beginning of 2010. Photo by BGNES

Bulgaria’s export for China grew by the staggering 238% in the first five months of 2010 year-on-year.

According to data released recently by the Bulgarian National Statistical Institute, in January-May 2009, the Bulgarian export to the People’s Republic of China amounted to BGN 50.3 M, whereas in the same period of 2010 it is already BGN 170 M.

Bulgaria exports to China some hi-tech equipment items as well as copper ores and concentrates, copper alloys, lead, wines, yogurt leavening agent, cigarettes.

In the first five months of 2010, Bulgaria’s import from China declined by 18.2%. Its January-May 2009 export amounted to BGN 420 M, while it went down to BGN 343 M for the same period in 2010.

Thus, Bulgaria still has a huge trade deficit in its trade with the People’s Republic – BGN 173 M in January-May 2010. There is, however, a notable improvement from the deficit of BGN 369 M registered in the same period of 2009.

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