BULGARIAN EXPORTS TO EU SHOW SLIGHT DECREASE Y/Y

Bulgarian exports to the EU decreased by 0.1% y/y in January and February 2014. The export value in this period amounted to BGN 4 billion according to the preliminary data released by the National Statistical Institute (NSI).

In February 2014 the exports to the EU increased by 2.5% y/y, amounting to BGN 2 billion. Bulgarian imports from the EU in January and February 2014 increased by 5.7%, amounting to BGN 4.8 billion at CIF prices.

The highest values were attributed to the goods imported from Germany, Romania, Italy, Spain and Greece.

The main trade partners of Bulgaria were Germany, Italy, Romania, Greece, France and Belgium. They accounted for 71.8% of the exports to EU countries.

In February 2014 Bulgarian imports from the EU decreased by 0.3% y/y, amounting to BGN 2.5B at CIF prices. The foreign trade balance of Bulgaria (export FOB-import CIF) with the EU in the period January–February 2014 was negative and added up to BGN 828.2 million. At FOB/FOB prices (after elimination of transport and insurance costs on imports) the trade balance was also negative and amounted to BGN 605.9 million.