Bulgarian Jan Exports to Non-EU Countries Down 14% M/M

Business | March 12, 2012, Monday // 14:47|  views

Bulgarian imports from third countries in January 2012 increased by 0.9% compared to the corresponding month of the previous year. File photo

In January 2012, Bulgarian exports to third countries decreased by 14% compared to the corresponding month of the previous year and exceeded BGN 1.0 B.

The data was released Monday by the National Statistics Institute, NSI.

The main trade partners of Bulgaria were Turkey, the United Arab Emirates, China, the Former Yugoslav Republic of Macedonia, Russia and Serbia, forming 53.1% of the total exports to non EU countries. Exports to United Arab Emirates, Brazil and Republic of Korea increased significantly. The most significant falls were reported on the exports to Singapore, South Africa, Bosnia and Herzegovina and Croatia.

Bulgarian imports from third countries in January 2012 increased by 0.9% compared to the corresponding month of the previous year and amounted to BGN 1.4 B (at CIF prices).

The most significant growths were reported on imports from Bosnia and Herzegovina, Republic of Korea, Peru, South Africa, Taiwan and India. The largest decreases were observed in the imports from United Arab Emirates, Israel and Georgia.

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in January 2012 was negative and reached BGN 284 M.

The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to BGN 216.5 M.

The exports of Bulgaria to third countries, distributed according to the Standard International Trade Classification, decreased in most of the sections in January 2012 compared to the corresponding month of the previous year.

The largest fall was reported in section "Mineral Fuels, Lubricants and Related Materials". The largest growth was recorded in the section "Animal and Vegetable Oils, Fats and Waxes".

In imports from third countries significant fall was reported in section "Animal and Vegetable Oils, Fats and Waxes". The largest growth was reported in section "Machinery and Transport Equipment".

In January 2012, the total value of exported goods to third countries and EU amounted to BGN 2.8 B. Compared to the corresponding month of the previous year exports decreased by 10.2%.

The total value of all imported goods in January 2012 was BGN 3.3 B(at CIF prices), or by 0.2% less than corresponding period of the previous year

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


Tags: NSI, National Statistical Institute, exports, export rate, import, imports, import rate, non-EU, EU, trade balance, FOB, CIF

Back  

» Related Articles:

Search

Search