In South Africa, they cook with Bulgarian oil, a record growth in exports

Published 2023년 5월 15일

Tridge summary

Trade between Bulgaria and the Republic of South Africa has seen a significant increase, with sunflower and sunflower oil imports rising by 250% within a year, making up two-thirds of South Africa's total imports of these products. This surge is primarily due to the participation of over 30 Bulgarian companies in a business forum in South Africa, aiming to strengthen trade relations. Despite the increased trade, there is still potential for growth, especially in the export of canned foods. The dynamics of this growing relationship are influenced by the presence of various global powers, including China, America, and Europe, all vying for a stronger foothold in the South African market.

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Original content

Trade between Bulgaria and the Republic of South Africa has grown by 250% in a year, 2/3 of the total import of sunflowers and sunflower oil by the Republic of South Africa comes from our country, and more than 4,000 companies with Bulgarian owners are registered in South Africa. This was told by Assoc. Dr. Eduard Marinov, lecturer at NBU and the Institute for Economic Research at BAS, in the program "Business Start" with host Hristo Nikolov. The presidential institution in Bulgaria periodically organizes visits in which Bulgarian companies can participate and go to somewhat unfamiliar and more exotic markets, where they can meet with local counterparties. This also happened within the framework of the business forum in South Africa, in which more than 30 Bulgarian companies participated, which met with more than 70 participating South African companies, explained Prof. Marinov. "This is wonderful from the point of view of the opportunities that the South African economy ...

Source: Dnes