Bulgaria’s export (in FOB terms) to EU countries in the period January – July 2011 grew 38.2% YoY to BGN 13.8bn, according to preliminary data by NSI. Imports (in CIF terms) also increased, by 20.2% YoY to BGN 14.3bn. The trade balance on a FOB/CIF basis for the period January-July came to deficit of BGN 0.5bn. On a FOB/FOB basis the trade balance was positive at BGN 0.2bn. In July alone, exports (FOB) rose 15.5% YoY to BGN 2.2bn, imports (CIF) hiked 18.4% YoY to BGN 2.1bn and the trade balance on FOB/CIF basis came to negative BGN 0.3bn. Bulgaria’s export (in FOB terms) to non-EU countries in the period January – August 2011 grew 32.8% YoY to BGN 9.8bn, according to preliminary data by NSI. Imports (in CIF terms) also increased, by 22.4% YoY to BGN 12bn. The trade balance on a FOB/CIF basis for the period January-August came to deficit of BGN 2.2bn. On a FOB/FOB basis the trade balance was negative at BGN 1.5bn. In August alone, exports (FOB) rose 14.2% YoY to BGN 1.2bn, imports (CIF) hiked 17.6% YoY to BGN 1.4bn and the trade balance on FOB/CIF basis came to negative BGN 0.3bn.