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NSI: Bulgarian exports to EU up 11.4% YoY in January-November 2017

NSI: Bulgarian exports to EU up 11.4% YoY in January-November 2017

9 February 2018 | 16:11 | FOCUS News Agency
Sofia. In January-November 2017, Bulgaria’s exports to the EU increased 11.4% year-on-year to BGN 31.98 billion. The main trade partners were Germany, Italy, Romania, Greece, France and Belgium which accounted for 67.5% of the exports to EU member states, the National Statistical Institute said.
The largest growth was registered in manufactured items classified chiefly by material (25.2%) and animals, vegetable oils, fats and waxes (21.3%). The most notable fall, 13.7%, was registered in beverages and tobacco.
In the same period, Bulgarian imports from EU countries increased 11.4% to BGN 34.44 billion at CIF prices, driven by crude inedible materials and mineral fuel, lubricants and related materials.
In November, the exports to the EU grew 15.3% year-on-year to BGN 3.21 billion, while the imports rose 15.4% to BGN 3.6 billion.
Bulgaria’s trade balance (export FOB - import CIF) with the EU in the 11-month period was negative at BGN 2.46 billion. At FOB/FOB prices, the trade balance was also negative at BGN 349 million.
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