Both exports and imports of Bulgaria to third countries fell in the first eight months of this year, compared to the same period of 2015, statistics show.
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Exports amounted to BGN 9.5161 B. The main trade partners included Turkey, Macedonia, Serbia, China, Russia, and the United States, accounting for 49.7% of the exports to non-EU countries.
The strongest growth for that period was in exports of “Miscellaneous manufactured articles” (25.0%), while the most notable fall was in “Beverages and tobacco” (27.5%), according to the National Statistical Institute (NSI).
In August alone, exports to third countries rose by 0.9%, compared to the same month of the previous year, adding up to BGN 1.2288 B.
Imports from third countries went down 12.5% compared to the respective period of last year, reaching BGN 10.8921 B at CIF prices. Russia, Turkey, China and Ukraine were the non-EU countries from which the largest amounts of goods were imported.
Compared to the corresponding period of 2015, the largest growth was posted in importsof “Miscellaneous manufactured articles” (19.1%), according to the Standard International Trade Classification. The most notable fall was observed in “Crude materials, inedible (except fuel)”, at 35.8%.
In August 2016, the Bulgarian imports from third countries rose by 14.3% in comparison with July 2015 and amounted to BGN 1.6478 B.
The foreign trade balance of Bulgaria (export FOB – import CIF) with third countries in the period January – August 2016 was negative and added up to BGN 1.4698 B. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to BGN 0.5836 B.
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