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Bulgaria's August Export to EU Up by 49% Y/Y
Date: 09/10/2010
Bulgaria's August Export to EU Up by 49% Y/Y

Bulgaria's export to the other EU member states registered a substantial growth in the first eight months of 2010.

In January-August, it grew by 23.7% compared to the same period of 2009, reaching BGN 11.7 B. At the same time, Bulgaria's import from the EU was BGN 13.5 B, an increase of 5.4%.

In August, the export was up 48.5% compared to August 2009 and reached BGN 1.8 B.

Bulgaria's major EU trading partners remain Italy, Germany, Romania and Greece, which form about 61.3% of its export to the EU.

In the first eight months of the year, Bulgarian export to Germany went up by 21.4%, and to Italy – by 40%. Export to Denmark and to the Czech Republic is up 58% and 57% respectively. The largest increase is observed in export to Estonia, Luxemburg, and Slovenia.

The greatest decline of Bulgarian export was in the bilateral with Cyprus and Malta.

In import from the EU, the largest increase is with Malta – nearly 97% and Portugal - 95%. The largest decline is with Estonia, Denmark, the Czech Republic, Cyprus, and Sweden.

Topic: Economy

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