Bulgaria’s export to the EU down by 4.6% in January - March 2012
2012-06-11 15:41:04
In the period January - March 2012 the Bulgarian exports to the EU decreased by 4.6% compared to the corresponding period of the previous year and amounted to over 5.4 billion Levs, the National Statistical Institute announced. The main trade partners of Bulgaria were Germany, Italy, Romania, Greece and France that formed 66.7% of the total exports to the EU Member States. The most significant growths were observed in the exports to Cyprus and Portugal while the most notable falls were registered in the exports to Luxembourg and Belgium.
In March 2012 the exports to the EU increased by 1.8% compared to the corresponding month of the previous year and exceeded 2.0 billion Levs.
Bulgarian imports from the EU in the period January - March 2012 increased by 8.9% compared to the corresponding period of the previous year and exceeded 6.6 billion Levs at CIF prices.
The most significant growths were reported on the imports from Cyprus, Estonia, Netherlands and Portugal while the largest decreases - in the imports from Malta and Finland.
In March 2012 the Bulgarian imports from the EU Member States grew by 12.1% compared to the corresponding month of the previous year and added up to over 2.5 billion Levs at CIF prices.
The foreign trade balance of Bulgaria (export FOB - import CIF) with EU in the period January – March 2012 was negative and amounted to 1229.7 million Levs At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to 921.7 million Levs.
In the first three months of 2012 compared to the corresponding period of the previous year, the largest growth in the exports of Bulgaria to EU, distributed according to the Standard International Trade Classification was recorded in the section “Animal and vegetable oils, fats and waxes” and the most notable fall - in section “Crude materials, inedible (except fuels)”.
In imports from EU the largest growth was reported in section „Beverages and tobacco” while the most notable fall - in section “Animal and vegetable oils, fats and waxes”.