Bulgaria Accounts for 0.2% of Global Trade
Bulgaria accounts for a 0.2% share of global trade, ranking as the world's 62nd largest exporter, according to an analysis of the Bulgarian Industrial Association (BIA).
Bulgaria's exports of electric and electronic equipment posted an average annual growth rate of 17% over the past five years while exports of machinery are up by an average 4.0%, state-run radio station BNR (www.bnr.bg) reported on Saturday, quoting the BIA analysis.
Bulgaria has posted a decline over the past five years in its exports of steel, iron and apparel while electricity exports are up 10%. Among the standout export categories are sunseed with a 143% jump and wheat where the growth is 60%.
BIA said Bulgaria imports mostly petroleum products, electric and electronic equipment, machinery, ores and transportation vehicles and that the country urgently needs investment in the production of export-oriented high-tech products with high value-added.