The considerable discrepancy in exports and imports in the first half of this year have led to the accumulation of a balance-of-trade deficit of US$1.595 billion, an increase of 57% (US$581 million) compared with the corresponding period last year.

According to the National Bureau of Statistics, the January-June imports totaled US$2.333 billion USD, while exports only US$738.2 million. The degree of covering imports with exports was 31.6%, a decrease of 5.6% compared with January-June 2007.

Moldova’s negative trade balance with the EU rose by US$214.8 million to US$648.4 million, while with the CIS countries - by US$175.3 million to US$535.6 million.

Moldova had a trade deficit of US$389.6 million with Ukraine, of US$306.2 million with Russia, of US$298.8 million with Romania, of US$176 million with Germany, of U$154.4 million with Italy, of US$138 million with China, of US$113.2 million with Turkey, of US$109.1 million with Belarus.

The balance-of-trade deficit in 2007 was US$2.348,1 billion. Experts predict that the deficit this year might reach US$3 billion, value equal to the volume of Moldova’s foreign trade in 2004.//REPORTER.MD




Publication date: 05 August 2008   

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