Skip to main content

Bulgaria's exports to the EU and third countries on the rise

posted onJanuary 13, 2018
nocomment

In the period January - October 2017 the Bulgarian exports to the EU increased by 10.9% compared to the same period of 2016 and amounted to 28 769.3 Million BGN according to preliminary data released by the National Statistical Institute (NSI). Main trade partners of Bulgaria were Germany, Italy, Romania, Greece, France and Belgium which accounted for 67.5% of the exports to the EU Member States. The imports from the EU also grew by 10.9% and added up to 30 838.7 Million BGN.The largest amounts were reported for the goods imported from Germany, Italy, Romania, Spain and Greece, the NSI said. 

The largest growths in the exports of Bulgaria to the EU were recorded in the sections ‘Manufactured goods classified chiefly by material’ (25.5%) and ‘Animals and vegetable oils, fats and waxes’(22.9%). The largest growths in the imports from the EU were reported in the sections ‘Crude materials, inedible (except fuel)’ (42.9%) and ‘Mineral fuel, lubricants and related materials’ (41.0%).

The foreign trade balance of Bulgaria (export FOB - import CIF) with the EU in the period under review was negative and added up to 2 069.4 Million BGN. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 183.5 Million BGN.

Bulgarian exports

In the period January - November 2017 Bulgarian exports to third countries increased by 12.7% compared to the same period of 2016 and amounted to 16 148.1 Million BGN. Bulgaria's main trading partners among non-EU countries were Turkey, the Russian Federation, China, Serbia,  the Former Yugoslav Republic of Macedonia and the United States which accounted for 52 per cent of the exports to non-EU countries. 

Bulgarian imports from third countries in the period January - November 2017 increased by 23.6% in comparison with the corresponding period of the previous year and added up to 19 322.5 Million BGN (at CIF prices). The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Serbia.

The largest growth in the exports of Bulgaria to third countries were recorded in the sections ‘Manufactured goods classified chiefly by material’  (47.7%) and ‘Miscellaneous manufactured articles’  (25.8%). The largest growth in the imports of Bulgaria from third countries compared to the same period of 2016 were recorded in the sections ‘Animals and vegetable oils, fats and waxes’ (47.6%) and ‘Crude materials, inedible (except fuel)’ 3 (45.9%).

The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period under review was negative and added up to 3 174.4 Million BGN. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 1 811.7 Million BGN.

Bulgarian trade with third countries and EU - total

In the period January - November 2017 the value of all the goods exported from Bulgaria amounted to 48 111.6 Million BGN and in comparison with the corresponding period of the previous year the exports increased by 11.8% The total value of all the goods imported in the country in the period January - November 2017 amounted to 53 729.7 Million BGN (at CIF prices), or by 15.4% more than the same period of 2016, the NSI said.