Bulgarian exports increase, but trade balance still negative

Bulgarian exports to non-EU countries increased year-on-year in the first quarter of 2015, and also increased to EU countries in the first two months of the year, but in both cases the country still had a negative trade balance, going by preliminary figures released by the National Statistical Institute (NSI) on May 11.

In the period January – March 2015, Bulgarian exports to third countries increased by 14.3 per cent compared to the corresponding period of 2014 and amounted to 3.9 billion leva.

Among non-EU countries, Bulgaria’s main trading partners were Turkey, China, Serbia, the United States, Singapore and Russia which accounted for 51.7 per cent of exports to non-EU countries.

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(Photo: Darren Deans/sxc.hu)