Bulgaria's exports to third countries up by 7.8% in H1, 2012
2012-08-10 11:01:07
In the period January – June 2012, Bulgaria's exports to third countries increased by 7.8% from the same period in 2011 to BGN 7.8 B, according to data of the National Statistical Institute (NSI).
Bulgaria's main trade partners were Turkey, China, Russia, Serbia and the Former Yugoslav Republic of Macedonia (FYROM) which accounted for 46.3% of the total of exports for third countries.
A significant growth was registered in exports for the United Arab Emirates, Israel, Canada, Syria, China and Brazil, while the biggest decline was recorded in exports for Singapore, Iran, India and Croatia.
In June 2012, exports for third countries increased by 33.0% from the same month of 2011, amounting to BGN 1.5 B.
In the first six months of 2012, Bulgaria's imports from third countries increased by 13% from the same period of 2011, reaching BGN 10.2 B at CIF prices.
The biggest growth was registered in imports from Canada, Peru, Bosnia and Herzegovina, Iran and Brazil and the biggest decline was recorded in imports from Kazakhstan and IsraelIn June 2012, Bulgaria's imports from third countries went up by 1.2% from the same month of 2011 to BGN 1.7 B.
Bulgaria's foreign trade balance (export FOB – import CIF) with third countries in the period January – June 2012 was negative and amounted to BGN 2 372.4 M.
The trade balance at FOB /FOB prices (after the elimination of transport and insurance costs on imports) was also negative and amounted to BGN 1 858.4 M.
In June 2012, Bulgaria's foreign trade balance (export FOB – import CIF) with third countries was negative and amounted to BGN 284.4 M.
In the first six months of 2012, as compared to the same period of the 2011, the biggest growths in Bulgaria's exports to third countries distributed according to the Standard International Trade Classification were recorded in the segments "Animal and vegetable oils, fats and waxes", "Beverages and tobacco" and "Crude materials, inedible (except fuel)".