Bulgaria's 2012 Jan - Jul Exports Up 1.7% Y/Y

In the period January - June 2012, Bulgarian exports to the EU decreased by 0.8% compared to the corresponding period of the previous year. File photo

In the first seven months of 2012, the value of all exported goods from Bulgaria amounted to BGN 23.0 B, which as increase of 1.7%, compared to the corresponding period of 2011.

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

The total value of all goods imported in the country in the period January - July 2012 amounted to BGN 29 B (at CIF prices), or by 12.5% more than the corresponding period of the previous year.

In July 2012, the total imports increased by 5.7% compared to July 2011 and added up to BGN 4.3 B.

In July 2012 the total exports added up to BGN 3.6 B and grew by 0.8% compared to the corresponding month of the previous year.

The total foreign trade balance (exports FOB - import CIF) was negative in the period January – July 2012 and amounted to BGN 5 962.9 M, which was BGN 2 832.3 M more than the balance in the first seven months of 2011. At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January – July 2012, the total foreign trade balance was also negative and amounted to BGN 4 727.3 M.

In July 2012, the total foreign trade balance (exports FOB - import CIF) was negative and added up to 651.8 M. The trade balance at FOB/FOB prices was also negative and amounted to 447.0 Million Levs.

In the period January - June 2012, Bulgarian exports to the EU decreased by 0.8% compared to the corresponding period of the previous year and amounted to BGN 11.5 B.

The main trade partners of Bulgaria were Germany, Italy, Romania, Greece, France and Belgium that formed 71.6% of the exports to the EU Member States.  The most significant growths were observed in the exports to Portugal and Slovenia while the most notable falls were registered in the exports to Luxembourg and Malta.

In June 2012, the exports to the EU decreased by 3.1% compared to the corresponding month of the previous year and amounted to BGN 2.0 B.

Bulgarian imports from the EU in the period January - June 2012 increased by 14.2% compared to the corresponding period of the previous year and added up to 14.5 B at CIF prices.

The most significant growths were reported on the imports from Cyprus and Portugal, while the largest decrease - in the imports from Malta.

In June 2012, the Bulgarian imports from the EU Member States grew by 29.5% compared to the corresponding month of the previous year and added up to BGN 2.6 B at CIF prices.

The foreign trade balance of Bulgaria (export FOB - import CIF) with EU in the period January – June 2012 was negative and added up to BGN 2 938.1 M. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to BGN 2 366.9 M.

In the first six months of 2012, compared to the corresponding period of the previous year, the largest growth in the exports of Bulgaria to EU distributed according to the Standard International Trade Classification was recorded in the section "Animal and Vegetable Oils, Fats and Waxes" and the most notable fall - in section "Crude Materials, Inedible (except Fuels)".

In imports from EU, the largest growth was reported in section "Mineral fuels, lubricants and related materials" while a fall was observed only in section "Animal and Vegetable Oils, Fats and Waxes".

In the period January - July 2012, the Bulgarian exports to third countries increased by 5.3% compared to the corresponding period of the previous year and amounted to BGN 9.2 B.

The main trade partners of Bulgaria were Turkey, China, Russia, Serbia and The FYR of Macedonia that formed 46.8% of the exports to non EU countries. The exports to United Arab Emirates, Israel, Syria, China and Canada increased significantly while the most significant falls were reported on the exports to Singapore, Iran, India and Croatia.

In July 2012, the exports to third countries increased by 1.9% compared to the corresponding month of the previous year and amounted to BGN 1.4 B.

Bulgarian imports from third countries in the first seven months of 2012 increased by 12.9% compared to the corresponding period of the previous year and added up to BGN 11.9 B (at CIF prices). The most significant growths were reported on the imports from Bosnia and Herzegovina, Peru and Brazil, while the largest decreases were observed in the imports from Israel and Kazakhstan.

In July 2012 the Bulgarian imports from third countries grew by 11.4% compared to the corresponding month of the previous year and amounted to BGN 1.7 B.

Bulgarian imports from third countries in the first seven months of 2012 increased by 12.9% compared to the corresponding period of the previous year and added up to BGN 11.9 B (at CIF prices). The most significant growths were reported on the imports from Bosnia and Herzegovina, Peru and Brazil, while the largest decreases were observed in the imports from Israel and Kazakhstan.

In July 2012, the Bulgarian imports from third countries grew by 11.4% compared to the corresponding month of the previous year and amounted to BGN 1.7 B.

The largest growth in imports from third countries was reported in section "Machinery and Transport Equipment," while the largest fall was observed in section "Food and Live Animals".

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