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Bulgarian exports to EU up by 20.2% for the period January-July 2010

Tuesday, Oct 12, 2010

Exports to the European Union from Bulgarian companies in August increased by 32.2 per cent, reaching 2.83 billion leva, according to the National Statistics Institute (NSI), cited by Dnevnik daily on October 11 2010.

Meanwhile, exports increased by 20.2 per cent in the period January-July 2010 compared to the same time period in 2009, estimated at about 10 billion leva, the report said.

In October alone, the positive surplus amounts to 51.4 million leva, while for the period January -August, the index showed a continuous negative balance, amounting to 2.64 billion.

The country's main trade partners for the period January-July are Italy, Germany, Greece and Romania, accounting for more than 61.7 per cent of country’s export to the EU. Exports for Italy and Germany have increased by 33.1 per cent and 22.9 per cent respectively.

Bulgarian exports to Denmark and the Czech Republic also increased by 59.9 per cent and 52.3 per cent, respectively, while a decline of exports was registered with Cyprus and Portugal.

In July 2010, exports to the EU soared by 33.4 per cent up to 1.9 billion leva, as opposed to the same time last year.

Concurrently, imports from EU member states for January-July 2010 also rose by some 3.7 per cent as opposed to the same time last year, measuring 11.8 billion leva. The biggest growth of imports was accounted by Portugal with 98.9 per cent, while imports from Romania, Malta and Lithuania have increased by about 44 per cent.

Imports in July 2010 from EU member states increased by 8.7 per cent, up to 1.8 billion leva, from July 2009, the report said.

Source: thesofiaecho.com