Negative trade balance as Bulgarian exports to non-EU countries dropped in January-February 2014

Written by on April 11, 2014 in Business - Comments Off on Negative trade balance as Bulgarian exports to non-EU countries dropped in January-February 2014

Bulgaria’s exports to third countries, meaning countries that are not members of the European Union, were 14.2 per cent less in January-February 2014 than in the first two months of 2013, according to preliminary figures released on April 11 by the National Statistical Institute (NSI).

In the first two months of 2014, Bulgarian exports to third countries added up to 2.4 billion leva (about 1.2 billion euro) while imports decreased by 8.8 per cent, adding up to three billion leva.

The main trade partners of Bulgaria in January-February 2014 were Turkey, Singapore, China, the Russian Federation, the United Arab Emirates and Macedonia, which together accounted for 56.9 per cent of exports to non-EU countries, the NSI said.

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(Photo: Evangelos Vlasopoulos/sxc.hu)

 

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