Economics

​MOLDOVA REDUCES EXTERNAL TRADE DEFICIT BY 6.4%

15 september, 2014

The external trade deficit in Moldova is US$1,617 million over January-July, which is 6.4% less than over the similar period of 2013.

According to the National Bureau of Statistics (NBS), this is due to the fact that the export increased by 2.7%, while the import reduced by 2.5%.

Moldovan economic agents have exported goods worth US$1,376 million over first half year, 62.3% of which are domestic products, while 37.7% - re-export. Last year this ratio was 68.5% and 31.5%.

Supply to the European Union grew by 18.7% - to US$719.8 million, while to CIS – reduced by 14.2% - to US$457.9 million.

The main consumers of Moldovan goods, as well as last year, remain Russia, for which accounted US$293.3 million (-22.7%), and Romania - US$241.3 million (+4.3%). Italy returned to the third place with US$156.8 million (+67.5%).

The main item of Moldovan export became food products and live cattle - US$337.6 million (+48.6%), which pushed to the second place the industrial products - US$312.7 million (+8.7%). Machinery and equipment for transport kept the third position - US$197.5 million, though their shipment reduced by 9.5%.

The import to the country registered a decline till US$2,994 million. The mineral and fuel resources are leaders - US$627.2 million (-8.7%), machinery and transport equipment - US$618.6 million (-1.7%), industrial raw materials - US$569.5 million (16.7%).

The main importer to Moldova became Romania with US$438.3 million (+17.1%), relegating Russia to the second place with US$391.7 million (-9.9%) and Ukraine – to the third position with US$312.5 million (-16.7%).

The export covered the import by 45.9% according to the results of seven months, against 43.6% last year.

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