The National Bureau of Statistics has provided data indicating a 7.5% decline in imports into the Republic of Moldova between January and February 2024 in comparison to the same period of the previous year, with a total value of $1.375 billion.
Road transport remained the principal mode of import, accounting for 78% of the total, while rail and sea transport accounted for 3.4% and 3.3% respectively. Imports from European Union (EU) countries decreased slightly, with their share in the total volume of Moldovan imports falling from 48.2% to 47.28%. Conversely, imports from other countries exhibited an increase, now accounting for 48.94% of the total volume of imports.
In terms of the origin of imports, the top countries supplying the Largest Volumes of Goods to Moldova in the First Two Months of 2024 were as follows: Ukraine (19.3% of total imports), Romania (16.1%) and China (11.2%).
A detailed examination of import trends by country reveals a notable increase in imports from several countries, including Spain (+37%), Ukraine (+40.7%) and Germany (+7.2%). Conversely, import volumes from Russia have declined significantly (-70.3%).
In terms of the structure of imports, the commodity groups with the highest shares included gas and industrial products derived from gas (11.8%), petroleum and petroleum products (11.3%), machinery and electrical equipment (7.5%), and motor vehicles (6.9%).
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The data presented here suggest a dynamic evolution of Moldova’s foreign trade, reflecting changes in global trade flows in the first months of 2024.