Bulgaria's Exports Climbed 10.7% in 2017, but Trade Balance Negative

Bulgaria's Exports Climbed 10.7% in 2017, but Trade Balance Negative

Bulgaria exported goods worth more than 52.2 billion leva in 2017, an increase of 10.7% compared with 2016, the National Statistical Institute (NSI) said on February 9, citing preliminary figures.
However, the total foreign trade balance in 2017 was negative, adding up to more than six billion leva, the NSI said.
At FOB/FOB prices (after elimination of transport and insurance costs on imports) in 2017 the total foreign trade balance was also negative and added up to more than three billion leva.
The NSI also reported preliminary data on trade in 2017 with third countries - meaning, those that are not members of the European Union - on February 9, noting that exports to these countries were 10.7% higher in 2017 than in 2016.
Independent Balkan News Agency         

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