Bulgaria’s exports to EU, third countries, up – but trade deficit remains

Bulgaria has reported a 12.4 per cent increase year-on-year in January to June 2015 to other European Union countries, and an 8.3 per cent increase year-on-year in January to July to non-EU countries, but in both cases trade deficits remain.

This is according to figures released on September 11 2015 by the National Statistical Institute (NSI).

In January – June 2015, Bulgarian exports to the EU increased by 12.4 per cent compared to the corresponding period of 2014 and amounted to 14.2 billion leva.

Among EU countries, Bulgaria’s main trading partners were Germany, Italy, Romania, Greece, France and Belgium, which accounted for 70.5 per cent of the exports to other EU member states.

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(Photo of the Port of Varna: Clive Leviev-Sawyer)