In 2007 Moldova’s trade deficit was of 2.348 bn USD, 43% up against the previous year, being the biggest in the history of Moldova, according to the data provided by the National Bureau of Statistics.

The negative balance of trade registered in 2007 is seven times bigger than in 2000. The state of external trade constantly worsened over the past years aggravated even more by the trade barriers imposed by Russia in 2006.

Although Moldovan exports registered a volume by 27.6% bigger than in 2006, imports grew even more (37%). The total volume of exports amounted to 1,341.8 mln USD, while imports, to 3,689.9 mln USD.

A substantial growth was registered by textile and by-product exports (+21.0%), machines and apparatuses; electrical equipment; registration or sound and image reproduction apparatuses (by 1.7 times); common metals and by-products (+45.7%), mineral products (by 2.1 times), vegetal products (+19.3%); animal or vegetal fats and oils (by 1.6 times); stone, gypsum, cement, ceramic, glass and similar material items (by 1.6 times); footwear, hats, umbrellas and other similar items (+30.1%).

According to the National Bureau of Statistics, Moldovan exports to the EU countries increased by 26.3% and amounted to 679.3 mln USD, accounting for 50.6% of the total exports. Goods supplies to the CIS market grew by 29.7% and amounted to 550.3 mln USD, accounting for 40.3% of the total exports.

The biggest exports in 2007 were registered to Romania (+35%), Russia (+27.9%), Ukraine (30.4%), Germany (by 1.7 times), Italy (+20.0%), Kazakhstan (by 1.9 times), Austria (by 2.3 times), Bulgaria (by 1.9 times), Poland (+23.3%), Switzerland (by 1.6 times), Belarus (+10.8%), United Kingdom of Great Britain and Northern Ireland (+24.8%) and Turkey (+12.7%).

During the same period, imports from the EU countries increased by 38% against 2006 and amounted to 1,681.3 mln USD. Imports of goods from CIS countries grew by 30.7% and amounted to 1,333.7 mln USD.

The degree of coverage of imports by exports in the period of reference was of 36.4% compared with 39.0% in 2006.  // BASA-Press



Publication date: 08 February 2008   

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