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Feride DOĞANER GÖNEL, Kasım EREN, Aslı ÖZGÜR AKTAY

n

34

Table 2:

Share of EU-15 in BBSCs’ Total Imports, 1996-2012 (%)

Year

Albania Bulgaria Croatia Georgia Romania Russia Slovenia Turkey Ukraine

1996

76

35

59

24

52

26

67

53

16

1997

83

38

60

22

53

30

67

51

20

1998

82

45

59

31

58

36

69

52

22

1999

77

49

56

22

60

37

69

53

21

2000

74

44

55

23

57

33

66

49

22

2001

74

49

57

28

57

37

66

44

22

2002

71

50

56

26

59

40

66

45

24

2003

68

50

57

33

58

39

65

46

25

2004

65

48

54

20

55

37

63

43

23

2005

60

44

51

22

52

37

61

39

23

2006

57

41

50

23

52

36

62

36

24

2007

54

41

49

21

55

36

68

34

23

2008

54

38

49

20

52

35

59

31

22

2009

57

40

47

20

54

34

57

34

22

2010

56

42

45

19

52

32

55

32

19

2011

57

43

46

19

52

32

55

32

20

2012

55

35

47

20

52

34

55

31

20

Source:

Own calculations based on UN COMTRADE data

Over the 1996-2012 period, the BBSCs have experienced a serious increase in the value of both exports and

imports with EU-15; the BBSCs’ export to EU-15 increased from nearly 53 bn $ in 1996 to 308.5 bn $ in 2012, it

is nearly 6 times more than the beginning of the period. On the other hand, 5 fold increases has been seen in the

BBSCs’ import from EU-15 (Table 3). As it is seen from Table 5 and Fig. 3, during 1996-2004 the value of export

was lower than the value of imports which showed trade deficit between two regions but after 2004 there was a

Figure 2:

Share of Selected BBSCs in EU-15 Imports, %