Moldova imports twice as many goods as it exports

Moldova imports twice as much as it exports. The National Bureau of Statistics (NBS) provided the data.

In January-April 2023, the export of goods from Moldova amounted to $1.3 billion, which is 4.8% less than in the same period last year. At the same time, imports grew by 6.7%. It amounted to $2.9 billion.

“The export of domestic goods amounted to $942.6 million, and the re-export of foreign goods – $446.4 million. The structure of exports is dominated by machinery and equipment for transport – 15%, cereals – 10.5%, and oil products – 12.5%.”

The largest share of Moldovan exports fell on the EU countries – $861.7 million (62%), and the part of the CIS countries – $346.5 million (25.0%). According to the NBS, supplies of Moldovan goods to Ukraine, the Czech Republic, Spain, Kazakhstan, Morocco, Belarus, the United States, the United Arab Emirates, Armenia, and France have increased. At the same time, exports of goods to Turkey, Italy, Bulgaria, Russia, Switzerland, Portugal, and Germany decreased.

“In January-April 2023, imports grew to $2.9 billion, which is 6.7% more than in the same period in 2022. Most of all, Moldova was imported from the EU countries – $1.4 billion, and from the CIS countries – $ 666.3 million. The structure of imports is dominated by oil products – 16.5% and gas – 10.3%.”

A significant gap between exports and imports of goods led to the accumulation of a negative trade balance of $1.6 billion, which is 19.1% more than in the same period of 2022. The trade deficit with the EU countries amounted to $582.9 million, and with the CIS countries – $319.8 million.

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