Bulgarian trade with third countries
In the period January - March 2014 Bulgarian exports to third countries decreased by 16.8% compared to the corresponding period of 2013 and amounted to 3.4 Billion BGN. Main trade partners of Bulgaria were Turkey, China, Russian Federation, Singapore, United Arab Emirates and Former Yugoslav Republic of Macedonia which accounted for 55.3% of the exports to non-EU countries.
In March 2014 exports to third countries decreased by 22.2% compared to the corresponding month of the previous year and amounted to 1.0 Billion BGN.
Bulgarian imports from third countries in the first three months of 2014 decreased by 7.8% compared to the corresponding period of 2013 and added up to 4.4 Billion BGN (at CIF prices). The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Ukraine.
In March 2014 Bulgarian imports from third countries decreased by 5.6% compared to the corresponding month of the previous year and amounted to 1.4 Billion BGN.
The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries for the period January - March 2014 was negative and added up to 1 031.1 Million BGN. The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 805.5 Million BGN.
In March 2014 the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to 425.6 Million BGN.
In the first three months of 2014 compared to the corresponding period of 2013 the largest growth in the exports of Bulgaria to third countries distributed according to the Standard International Trade Classification was recorded in the section “Chemical and related products n.e.c.” (12.0%). The most notable falls were reported in sections “Mineral fuel, lubricants and related materials” (38.9%) and “Crude materials, inedible (except fuels)” (38.4%).
In imports of Bulgaria from third countries the largest growth was reported in section “Beverages and tobacco” (48.2%) while the most notable fall was observed in section “Animals and vegetable oils, fats and waxes” (27.0%).
Bulgarian trade with third countries and EU – total
In the period January - March 2014 the value of all exported goods from Bulgaria amounted to 9.5 Billion BGN and compared to the corresponding period of 2013 the exports decreased by 6.9%.
In March 2014 the total exports of Bulgaria added up to 3.2 Billion BGN and decreased by 8.8% compared to the corresponding month of the previous year.
The total value of all the goods imported in the country in the period January - March 2014 amounted to 11.7 Billion BGN (at CIF prices), or by 0.3% more than corresponding period of 2013.
In March 2014 the total imports of Bulgaria increased by 1.6% compared to the corresponding month of the previous year and added up to 3.9 Billion BGN.
The total foreign trade balance (exports FOB - import CIF) was negative in the period January - March 2014 and amounted to 2 186.7 Million BGN which was 737.3 Million BGN more than the balance in the first three months of 2013. At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - March 2014 the total foreign trade balance was also negative and amounted to 1 614.7 Million BGN.
In March 2014 the total foreign trade balance (exports FOB - import CIF) was negative and added up to 753.0 Million BGN. The trade balance at FOB/FOB prices was also negative and amounted to 560.2 Million BGN.