Economics

IMPORTS TO MOLDOVA TWICE GREATER THAN ITS EXPORTS

18 september, 2019

In January-July, exports to Moldova accounted to US$1.581 billion, making an increase of 3.1% compared with the equivalent period of 2018 г. At the same time, imports exceeded US$3.306 billion (+2.6%).

According to the National Bureau of Statistics (NBS), export of domestic products increased by 8.3% – up to US$1.103 billion, while the re-export decreased by 7.2% - to US$478 million.

Almost two thirds of the country’s export accounted for the EU – US$1.034 billion (-1.8%). The share of exports to the CIS countries decreased to 14.7% (-1.3%).

Machinery and transportation equipment, whose share rose by 4.5% to 25% maintain the lead in the structure of exports. Food and livestock follow next – 21.7% (+0.2%); industrial products come next (mainly raw materials for production) – 21.4% (-2.3%).

The main imports were also machinery and equipment for transport (24.1%), raw materials for production (19.2%), as well as energy and petroleum products (15.7%). About 50% of goods came from the EU, 24.4% – from the CIS.

Moldova’s trade deficit reached US$1.724 billion (+2.1%). The coverage of imports by exports for seven months amounted to 47.8% against 47.6% in 2018.

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