Bulgarian trade with EU in January 2012
In January 2012, Bulgarian exports to the EU decreased by 7.3% compared to the corresponding month of the previous year and amounted to over BGN 1.7 billion. The main trade partners of Bulgaria were Germany, Italy, Romania, Greece and France that formed 67.8% of the total exports to the EU Member States. The most significant growths were observed in the exports to Estonia and Slovenia. The most notable falls were registered in the exports to Luxembourg, Cyprus and Portugal.
Bulgarian imports from the EU in January 2012 increased by 1.8% compared to the corresponding month of the previous year and reached BGN 2.0 billion at CIF prices. The most significant growths were reported on the imports from Cyprus, Luxembourg and Netherlands. The largest decreases were observed in the imports from Malta, Finland and Denmark.
The foreign trade balance of Bulgaria (export FOB - import CIF) with EU in January 2012 was negative and amounted to BGN 276.5 million. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to BGN 183.0 million.
The exports of Bulgaria to EU, distributed according to the Standard International Trade
Classification, decreased in most of the sections in January 2012 compared to the corresponding month of the previous year. The largest falls were reported in sections “Mineral fuels, lubricants and related materials” and “Crude materials, inedible (except fuels)”. The largest growths were recorded in the sections “Animal and vegetable oils, fats and waxes” and „Beverages and tobacco”.
In imports from third countries significant fall was reported in section “Animal and vegetable oils, fats and waxes”. The largest growth was reported in section „Beverages and tobacco”.
Bulgarian trade with third countries for the period January - February 2012
In the period January - February 2012 Bulgarian exports to third countries decreased by 2.6% compared to the corresponding period of the previous year and amounted to BGN 2.3 billion. The main trade partners of Bulgaria were Turkey, China, United Arab Emirates, Russia, Serbia and the Former Yugoslav Republic of Macedonia that formed 51.2% of the total exports to non-EU countries. The exports to United Arab Emirates, Canada, Syria and Brazil increased significantly. The most significant falls were reported on the exports to Singapore, South Africa, India and Croatia.
In February 2012 the exports to third countries increased by 10.6% compared to the corresponding month of the previous year and amounted to BGN 1.2 billion.
Bulgarian imports from third countries in the first two months of 2012 increased by 8.6% compared to the corresponding period of the previous year and amounted to BGN 2.9 billion (at CIF prices). The most significant growths were reported on the imports from Kazakhstan, Bosnia and Herzegovina, Syria and Republic of Korea. The largest decreases were observed in the imports from Brazil, United Arab Emirates and Ukraine.
In February 2012 Bulgarian imports from third countries increased by 16.8% compared to the corresponding month of the previous year and amounted almost to BGN 1.5 billion.
The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - February 2012 was negative and amounted to BGN 553.2 million.
The trade balance at FOB /FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to BGN 414.4 million.
In February 2012 the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to BGN 269.2 million.
In the first two months of 2012 compared to the corresponding period of the previous year, the largest growth in the exports of Bulgaria to third countries, distributed according to the Standard International Trade Classification was recorded in section “Animal and vegetable oils, fats and waxes”. The most notable fall was observed in section “Mineral fuels, lubricants and related materials”.
The largest growth in imports from third countries was reported in section “Machinery and transport equipment” and the most significant fall was accounted for section “Food and live animals”.