NSI: Bulgaria's Exports to Non-EU Countries Declined in June

National Statistical Institute data show that Bulgaria's exports to non-EU countries declined in June due to weak sales of fuels and weapons. From the beginning of 2018, the indicator recorded a decline of 15% on an annual basis.

In June, Bulgarian exports to third countries reported an annual decline of 8.3%. The main destinations of the export of fuels from Bulgaria - Egypt, and Turkey - most clearly show the decline, with 72.4% and 18.3% respectively. Here the factor is the small exported quantities, while the price of oil on the international markets is rising.

There is also a drop in the category of "Various ready products" (clothing, furniture, medicines, weapons, ammunition, etc.). The annual decrease is 27% to just over BGN 1 billion in the January-June period. There is a positive change in sales of chemical products, which grew by 7.4%, as well as from exports of raw materials unfit for consumption.

At the end of the first half of 2018, Bulgarian imports increased by 6.6% compared to last year's level, mainly due to imports from the member states. In the period January - June, imports from third countries increased by 1.4% due to higher sales of machinery, cars and parts, chemicals and other goods. Fuel imports decreased by 14%.

Petya Petrova

Petya Petrova is a journalist, believer, and traveler.

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