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Bulgaria Registers Export Growth to Non-EU Countries
Date: 10/01/2011
Bulgaria Registers Export Growth to Non-EU Countries

Bulgaria's exports to non-EU states have increased by 46.9% year on year in the period January- November and amounted to BGN 10.7 B according to the National Statistical Institute's preliminary data.

The main trade partners of Bulgaria's main trade partners in that period have been Turkey, Serbia, Russia, the former Yugoslav Republic of Macedonia, Ukraine, USA, Singapore and China that formed 57% of the total exports to third countries.

The exported goods to China have increased by 140.6% and those to Ukraine by 104%. The exports to Russia and Serbia have reported growths by 53.1%. and by 50.6% respectively, to the former Yugoslav Republic of Macedonia by 36.5% and to USA by 9.8%.

The exports to Peru, Republic of Korea, India, Vietnam and Brazil have increased significantly. Falls have been reported on the exports to United Arab Emirates, Bosnia and Herzegovina, Canada, Indonesia, Singapore, Albania and Egypt.

In November 2010, the exports to third countries increased by 46.6% compared to the corresponding month of the previous year and were over BGN 1 B.

The Bulgarian exports to third countries, distributed according to the Standard International Trade Classification, increased in the most of sections in the first eleven months of 2010 compared to the corresponding period of 2009.

The largest growths have been recorded in the sections "Miscellaneous manufactured articles" "Crude materials, inedible (except fuel)", and "Manufactured goods classified chiefly by material"

Bulgarian imports from third countries in the first eleven months of 2010 have increased by 14.6% compared to the corresponding period of the previous year and amounted to BGN 13.9 B (at CIF prices).

The most significant growths were reported on the imports from Egypt, Albania and Israel

The imports from Peru have increased by 62.2% and from Bosnia and Herzegovina by 46.9%. The largest decreases have been observed in the imports from Kazakhstan, South Africa and Norway.

The largest growths in imports from third countries were reported in section "Mineral fuels, lubricants and related materials" and the most significant falls were in section "Food and live animals".

Bulgaria's foreign trade balance (export FOB - import CIF) with third countries in the period January - November 2010 has been negative and amounted to BGN 3.2 B.

Topic: Business

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