Trade volume with Switzerland is up
22 July, 2017
The volume of Bulgarian and Romanian goods imported by Switzerland has grown 10 times, while exports to the two countries have increased three-fold over the past 10 years. The figures were presented in an analysis by the Swiss Federal Customs Administration published on the occasion of the 10th anniversary of Bulgaria’s and Romania’s accession to the European Union and cited by the Bulgarian Small and Medium Enterprises Promotion Agency. According to the document, for the 2000-2008 period, Swiss imports from the EU grew by an average of 5%, from Romania – by 15%, and from Bulgaria– by 18%. The total volume of Bulgarian exports to Switzerland in 2016 amounted to CHF 261m.
Swiss exports to Bulgaria and Romania in 2016 were at a record level of 1% of the country’s total exports. Since 2000, the trade volume with Bulgaria has grown by 14% annually, while with Romania – 22%, which is considerably higher compared with exports for the EU and their growth rate of 6%.
In 2016, Swiss exports for Bulgaria were to the combined tune of CHF 360m, which marks an absolute record in the total value of goods exported to Bulgaria. Bulgaria and Romania export primarily textile, clothes and shoes. In 2016, Switzerland imported Bulgarian textile, clothes and shoes to the combined tune of over CHF 100m, or 41% from its Bulgarian imports. Meanwhile, Romania exported textile, clothes and shoes for a total of CHF 211m, or 36% of Swiss imports.