The decline in the Bulgarian economy continues

Exports of fuels decreased by over one third
In the first quarter of 2009, production of mineral fuels for internal combustion engines (engine) notes a slight decrease over the same period last year shows the Overview analysis of SFB Capital Market JSC sektorav development of Bulgaria. During the first three months of the year, imports of fuels decreased by 7.5%. More worrying is the situation with exports. In the fall it is over 38%. The entire trade with mineral fuels decreased by nearly Margarita 31% compared with the first quarter of 2008, estimates show that the quantity available for domestic sales were higher by 42%, the increase comes mainly from the significant decline in the first three months of 2008

Continuing collapse in the wine sector
In the first quarter of 2009, wine production continues to go down. Over the same period last year produced red wines are 30% less, and whites 20%. Compared with the first quarter of 2008, imports of wine in Bulgaria decreased by 30.2 percent, while exports declined by 32.6%. The entire merchandise is one-third less compared to the first three months of last year. Survey results show that the internal market into account a slight increase in sales of white wines, but the quantities of red and sparkling wines are smaller than Q1’2008.

Import less, but more expensive meat and meat products
In the first quarter of 2009, turnover from sales in the meat industry, at current prices is higher with 15.5 percent showed Overview analysis for development of the sector in Bulgaria. Production in 2005 prices, however, is less by 0.9%. Are imported in smaller quantities but at higher prices. In comparison with January-March 2008 imports is less than 3.2% and the value of imported meat and meat products was higher by 14.4%. Exports continued to shrink, as compared with the first quarter 2008 decrease is 7.8%. Sales of meat from cattle, pig, poultry, sausages and meat by-products of the domestic market were higher during the first three months of the year over the same period of 2008

Imports of wood decreased by nearly half
In the first quarter of 2009, turnover from sales in the wood industry decreased by 44.6% in current prices, Overview analysis shows the development of the sector in Bulgaria. Versus the first quarter of 2008, imports fell nearly 2 times. Exports also decrease. Exported wood and wood products are 21.3 percent less. The decrease in imports was 3.3 times greater than exports and the resulting balance for the first quarter was positive. The main part of the treated wood and wood products are consumed on the domestic market. Sales of enterprises subsector are smaller in all observed products in comparison with the first three months of 2008

Imports and exports of furniture almost equaled
In the first quarter of 2009, turnover from sales in the furniture industry declined by 20.8 percent in current prices, Overview analysis shows the development of the sector in Bulgaria. Industry in the subsector is less by 31.7% compared to the same period of 2008 the country imported 8.9 percent less furniture, while exports decreased by 21% compared to January-March 2008 decrease in exports is almost 3 times higher compared to falls in imports, so that the surplus declined by almost 72%. The main part of the furniture produced in Bulgaria are intended for export. Producers included in the monthly sample are sold on the domestic market only one third of products made from them.

The hole in the external trade of cosmetics reduced
In the first quarter of 2009, production in the perfume and cosmetic industry reduced Overview analysis shows the development of the sector in Bulgaria. Shampoos are produced less by 41.1 percent, but toothpaste – with 25.3 percent. The growth in imported cosmetics and perfumery products is 27.7%. This is one of the few sectors in which, during the first quarter of 2009, an increase in exports. Over the same period of 2008, export volumes were 6% higher. During the first three months of the year, domestic sales continued to decline.

Reduced turnover of canneries
In the first quarter of 2009, turnover from sales in the canning industry at current prices is less than 11.3% showed Overview analysis for development of the sector in Bulgaria. Production prices in 2005 was less by 27.6%. The trend of increase in imports of processed and canned fruits and vegetables continued in the first quarter of 2009 with growth of 8% over the same period last year. Exports fell by 9.4% and the negative trade balance is widening. The results of monthly surveys that show a reduction of domestic sales in nearly all of the observed products.

The entire apparel industry decreased
In the first quarter of 2009, turnover from sales in the garment industry, at current prices is lower by 21.4%, showing Overview analysis of SFB Capital Market JSC for development of the sector in Bulgaria. The volume of production decreased by 26.3%. Imports of clothing, textiles and knitwear decreased by almost 20% over the same period in 2008. Exports fell by a quarter, and all merchandise declined by 20%. The main part of production in the garment industry in Bulgaria continues to ishlemedzhiysko production. Sales of domestic manufacturers, which are only 1.5% of domestically produced goods, with 25 percent. Smaller.