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Bulgarian exports to 3rd countries 0.3% up in Jan-Feb 2016 y/y

Monday, Apr 11, 2016

In the period January - February 2016 Bulgarian exports to third countries increased by 0.3% in comparison with the same period of 2015 and amounted to BGN 2.360 billion. Main trade partners of Bulgaria were Turkey, China, Former Yugoslav Republic of Macedonia, Serbia, USA and Russian Federation, which accounted for 49.5% of the exports to non-EU countries, Bulgaria’s National Statistical Institute (NSI) announced on Monday.
In February 2016 Bulgarian exports to third countries decreased by 4.9% compared to the corresponding month of the previous year and amounted to BGN 1.195 billion.
Bulgarian imports from third countries in the period January - February 2016 decreased by 17.7% in comparison with the same period of 2015 and added up to BGN 2.427 billion (at CIF prices). The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Ukraine.
In February 2016 Bulgarian imports from third countries decreased by 17.7% compared to the corresponding month of the previous year and amounted to BGN 1.223 billion.
The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - February 2016 was negative and amounted to BGN 66.9 million. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was positive and added up to BGN 96.5 million.
In February 2016 the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to BGN 27.8 million.
In the first two months of 2016 compared to the corresponding period of 2015 in the exports of Bulgaria to third countries distributed according to the Standard International Trade Classification the largest growths were recorded in the sections ‘Miscellaneous manufactured articles’ (107.1%) and ‘Machinery and transport equipment’ (10.6%). The most notable fall was reported in section ‘Animals and vegetable oils, fats and waxes’ (50.5%).
In imports from third countries growths were reported in sections ‘Animals and vegetable oils, fats and waxes’ (42.1%) and ‘Miscellaneous manufactured articles’ (18.4%) while the most notable fall was observed in section ‘Crude materials, inedible (except fuel)’ (56.0%).

Bulgarian trade with third countries and EU – total
In the period January - February 2016 the value of all exported goods from Bulgaria amounted to BGN 6.9 billion and in comparison with the corresponding period of 2015 the exports increased by 1.4%.
In February 2016 the total exports added up to BGN 3.483 billion or by 1.7% more than the same month of the previous year.
The total value of all the goods imported in the country in the period January - February 2016 amounted to BGN 7.3 billion (at CIF prices), or by 7.7% less than the corresponding period of 2015.
In February 2016 the total imports decreased by 7.2% compared to the same month of the previous year and added up to BGN 3.816 billion.
The total foreign trade balance (exports FOB - import CIF) was negative in the period January-February 2016 and amounted to BGN 372.4 million. At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - February 2016 the total foreign trade balance was positive and amounted to BGN 83.0 million.
In February 2016 the total foreign trade balance (exports FOB - import CIF) was negative and added up to BGN 333.0 million. The trade balance at FOB/FOB prices was negative and amounted to BGN 118.7 million.

Source: www.focus-fen.net