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Trade deficite in Bulgaria has inceased by more than 1 000 000 000 EUR in past year


bulgaria news propertiesBulgarian trade deficit for the first six months of 2007 reached 3.29 billion euro which is 12.3 % of the planned  GDP for the year, according to data of Bulgarian National Bank (BNB).
Negative trade balance increased with 1.05 billion euro compared to the first six months of 2006 when it was 2.23 billion euro or 8.9 per cent of the GDP, investor.bg anounced.
For June 2007 trade deficit was 190.1 million euro more that in June 2006.
Export for the first half of 2007 was 6.16 billion euro, an increase of 7.5 % yearly. Import for the same period was 9.44 billion euro, an increase of 18.6 per cent for a year.
Import of non-energy goods grown by 25.9 per cent to 8.06 billion euro, import of energy resources decreased by 3.8 per cent to 1.85 billion euro.
In the first half of 2007, 63 per cent of the country's export was to EU countries compared to 61.3 per cent  for the same period of 2006. BNB said that the increase resulted from increased export to Romania, Germany, Italy and Greece.
The biggest share in the country's export to non-European countries have Turkey, Serbia and Croatia.
Import from EU was 5.26 billion euro which is 53.1 per cent of total import compared to 51.2 per cent past year. The growth was attributed to increased import of goods from Italy, Greece, Austria, Holland and Hungary.



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