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Skip Navigation LinksHome :: Central and Eastern Europe :: Trade balance with Bulgaria turns to EUR 17.3mn deficit in H1.

Monday, August 18, 2008

Trade balance with Bulgaria turns to EUR 17.3mn deficit in H1.





Trade balance with Bulgaria turns to EUR 17.3mn deficit in H1. The Bulgarian statistical office (NSI) reports that the Macedonian trade balance with Bulgaria turned to a EUR 17.3mn deficit in Jan-June, reversing from EUR 5.5mn surplus during the same period last year. The data is adjusted with a downward rate of 7% for transition from CIF to FOB values for imports. Macedonian exports rose 19.6% y/y to EUR 144.4mn while imports grew at a faster pace of 40.3% y/y to EUR 161.7mn. However, the Macedonian statistical office reported that in Jan-May, the trade balance surplus with Bulgaria increased 8 times to USD 45mn. According to the Macedonian institution exports grew 88% y/y to USD 204.2mn, while imports rose at a slower pace of 53.1% y/y to USD 159.1mn. It stated that Bulgaria is the fifth most important trade partner for Macedonia , responsible for 10% of domestic exports and 4.5% of imports. Macedonia-Bulgaria trade Imports Exports Trade balance 2007 2008 %, y/y 2007 2008 %, y/y 2007 2008 Bulgarian statistical data, EUR mn 115.2 161.7 40.3 120.7 144.4 19.6 5.5 -17.3 Macedonian statistical data, USD mn 103.9 159.1 53.1 108.6 204.2 88.0 4.7 45.1 Source: Bulgarian statistical office, Macedonian statistical office, IntelliNews







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