Bulgaria's Export to EU Up 12% Y/Y

Bulgaria's Export to EU Up 12% Y/Y

In January-May, 2010, Bulgaria's export to EU Member States is up 12.3% year on year, according to data published by the National Statistics Institute (NSI) Monday.

The export for the first 5 months of the year is BGN 6.3 B with Germany, Italy, Greece and Romania being Bulgaria's main partners.

Export for Germany is up 20%, for Italy - 18%. Export for Luxembourg, Estonia, Slovenia is up the most. Export to the Czech Republic is up 74%, to Denmark - 55%. The biggest export decline is with Portugal, Belgium and Malta.

In May, 2010 export for the EU is up 31% compared to May, 2009, reaching BNG 1.5 B.

Meanwhile, import is up 0.4% during the first 5 months of 2010 and has been BGN 8 B. The largest increase is with Malta (68%) and Romania (47%), followed by Portugal, Latvia and Spain - all with more than 30%. The most significant decrease is import from Estonia, Sweden and Finland.

In May, 2010 import from the EU is up 8% compared to May, 2009, reaching BNG 1.8 B.

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