Exports still lag behind imports, but these to third parties increase

In May 2012, Bulgaria’s exports totaled BGN 3.6 bn, registering an increase of 10.7% on an annual basis. Meanwhile, total imports to our country increased by 19.3%, compared to the same month of last year and amounted to BGN 4.4 bn, announced the National Statistical Institute (NSI). Bulgaria’s exports to the European Union and other countries for the first five months of 2012 stood at BGN 15.9 bn, reporting an increase of 0.9%. Goods exported in May were worth BGN 3.6 bn. Imports were worth BGN 20.1 bn, having increased by 12.1%. Thus, the overall trade balance registered a deficit of 4.210 bn at the end of May.

In January - May 2012, Bulgaria’s exports to third countries alone rose by 3.3%, compared to the same period of last year and amounted to BGN 6.4 bn. The main trade partners of our country in this segment are Turkey, China, Russia, Serbia and Macedonia, accounting for 46.6% of the exports to third countries.

Imports from third countries to Bulgaria for the first five months of 2012 rose by 15.8%, compared to the same period of 2011 and were worth BGN 8.5 bn.

The largest growth was reported in the imports from Peru, Bosnia and Herzegovina, Iran and Brazil, while the decrease was registered in the imports from Kazakhstan, Israel and the Ukraine.

At the end of May, Bulgaria’s foreign trade balance with third countries had a deficit of BGN 2.088 bn.

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