Bulgaria Registers Surplus in Electronics Trade with Germany

Bulgaria’s electronics export to Germany has surpassed its import of German-made appliances in the first quarter of 2010.

For the first time, Bulgaria registered a surplus in its electronics trade with Germany, reported the German technology news website evertiq.de.

Bulgaria’s electronics export to Germany amounted to EUR 71 M in the first three months of 2010, while its import of German-made electronics was worth EUR 69.7 M.

The site evertiq.de points out that while Germany’s electronics export as a whole dropped by 0.6% in the first quarter of 2010, Bulgaria’s almost doubled with an increase of 98.5%.

The report says that this is a continuation of a trend as the Bulgarian electronics export was one of the few that did not decline but actually grew by 3.8% in 2009.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!