MOLDOVAN EXPORTS GREW 9% OVER A YEAR

The Moldovan exports in January-February accounted for US$475.7 million, which is 9.1% more than over the equivalent period of 2018.

According to the National Bureau of Statistics (NBS), the amount of domestic products supplied abroad grew 11.3% – to US$335.4 million, while the re-exports – 4.3% - to US$140.3 million.

The main share of exports accounted for the European Union - US$306.6 million (+4.6%), which is 64.5% of the total Moldova’s exports abroad. The supplies to the CIS, on contrary, fell 8.7% - to US$64.5 million.

The export structure is dominated by machinery and equipment for transport, whose share over a year grew to 25.9% from 17.4%. The share of food products and live stock accounted for 25.1% (+0.7%), while the industrial products, which is the third, accounted for 17.8% (-4.4%).

The imports grew 3.7% by the beginning of March, exceeding US$831.8 million. Mostly, the goods came from the EU - US$387.5 million (at the last-year level) and the CIS - US$225.7 million (+13.7%).

The main imports were also machinery and equipment for vehicles, the share of which reached 23.6% (+1.1%). The energy resources and petroleum products ranked the 2nd – 19.8% (+1.7%), which pushed industrial products to the third place with 16.9% (-2.8%).

The Moldova’s trade balance deficit fell to 2.7% – to US$356.1 million due to the exports’ growth against imports. The exports covered imports by 57.2% over two months against 54.4% a year before.