Bulgaria’s Q1 2011 Exports to EU Up by 56.4% compared to Q1 2010

In the period January-March 2011, Bulgaria’s exports to the EU increased by 56.4% compared to the same period a year earlier, totaling BGN 5.7 bn, the National Statistical Institute reported (NSI).

The main trade partners of Bulgaria were Germany, Italy, Romania, Greece and Belgium, which accounted for 67.3% of the country’s exports to EU member states. The most significant increase was registered in exports for Portugal, Belgium and Denmark.

Declines were reported in export rates to Slovakia and Latvia. Imports to Bulgaria from EU countries in the period January-March 2011 went up by 24% year-on-year, totaling BGN 5.7 bn. The biggest increase was registered in imports from Malta, while the biggest decline was recorded in imports from Spain, Portugal and Denmark.

Source: Novinite

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