Bulgaria’s Exports to EU Up in 2015

      Published on Tuesday, 15 March , 2016      112 Views     

  • Bulgaria-EU

Bulgaria's ExportsTrade of Bulgaria with the EU grew between January and December 2015, preliminary data from the National Statistical Institute (NSI) shows.

Exports to the EU have increased by 7.9% on an annual basis, while imports grew by 5.5% and added up to BGN 33.2 B (EUR 17.01 B), according to statistics.

Exports to the EU increased by 5.8% in December year-on-year, adding BGN 2.174 B.

Imports grew by 1.3%, amounting to BGN 2.861 B.

Main export partners of Bulgaria include Germany, Italy, Romania, Greece, France, and Belgium which account for 69.1% of the exports to member states.

Imports are dominated by goods from Germany, Italy, Romania, Greece, and Spain.

Foreign trade balance of Bulgaria was negative with the EU in 2015, adding BGN 4.174 B (export FOB – import CIF) and negative at FOB – FOB prices and amounted to BGN 1.952 B.

Compared to 2014, the largest exports to the EU were in the sections “Chemical and related products n.e.c.” (22.5%) and “Machinery and transport equipment” (12.5%), while the most notable fall was in “Animals and vegetable oils, fats and waxes” (3.2%).

In imports, the section “Beverages and tobacco” recorded the largest growth (25.3%), and the most notable fall could be observed in “Mineral fuel, lubricants and related materials” (22.6%).


Category Bulgaria-EU | 2016/03/15 latest update at 4:00 PM
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