Moldàvia: Visió econòmica i política
International trade represents over 89% of Moldova's GDP (World Bank, latest data available). The country is a member of the World Trade Organization (WTO) and has signed 44 free trade agreements, including those with the EU, Turkey, the UK, and the Commonwealth of Independent States. According to provisional data by the National Bureau of Statistics, in 2022 the country’s main exports were food and live animals (21.3%), machinery and transport equipment (15.9%), mineral fuels and lubricants (13.6%), and petroleum products (12.9%); whereas imports were led by mineral fuels and lubricants (28%), machinery and transport equipment (22%), petroleum products (16.7%), manufactured goods (14.1%), and chemical products (11.7%).
Traditionally, exports were directed mainly to Russia, but since 2009 more than half of Moldova’s exports have been destined for EU markets. In 2022, the country’s main trading partners were Romania (28.6%), Ukraine (16.6%), Italy (7.6%), Turkey (7%), and Germany (5.3%); whereas imports came chiefly from Romania (17.9%), Russia(12.4%), China (10.3%), Ukraine (9.3%), and Turkey (7.2% - data National Bureau of Statistics). According to the EU Delegation to Moldova, exports of several Moldovan goods to the European Union increased significantly in January-September 2022: exports of machinery, electrical equipment and parts rose by 3.4% to USD 393.5 million, those of oilseeds and fruits totalled USD 266.7 million (up by 280.5%), and those of cereals reached USD 204.7 million (+249.6%).
Moldova’s trade balance is structurally in deficit. According to data by WTO, in 2021 the country exported USD 3.1 billion worth of goods against USD 7.1 billion in imports (+26.5% and +32.5%, respectively). Concerning services, exports (at USD 1.6 billion) were slightly higher than imports (USD 1.1 billion). Data from the World Bank shows that the country’s trade balance on goods and services was negative by 27.4% of GDP in 2021 (from 22.8% one year earlier). Preliminary figures from the National Bureau of Statistics point out that, in 2022, Moldova exported USD 4.3 billion worth of goods (+37.9% year-on-year), importing USD 9.2 billion (+28.5% y-o-y).
Foreign Trade Values | 2017 | 2018 | 2019 | 2020 | 2021 |
Imports of Goods (million USD) | 4,831 | 5,760 | 5,843 | 5,416 | 7,177 |
Exports of Goods (million USD) | 2,425 | 2,706 | 2,779 | 2,485 | 3,144 |
Imports of Services (million USD) | 901 | 1,089 | 1,161 | 859 | 1,177 |
Exports of Services (million USD) | 1,214 | 1,442 | 1,512 | 1,250 | 1,635 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2017 | 2018 | 2019 | 2020 | 2021 |
Foreign Trade (in % of GDP) | 85.6 | 85.9 | 85.9 | 77.1 | 88.6 |
Trade Balance (million USD) | -2,559 | -3,294 | -3,312 | -3,094 | -4,190 |
Trade Balance (Including Service) (million USD) | -2,255 | -2,938 | -2,946 | -2,696 | -3,718 |
Imports of Goods and Services (Annual % Change) | 11.0 | 9.7 | 6.2 | -5.0 | 19.2 |
Exports of Goods and Services (Annual % Change) | 10.9 | 7.2 | 8.2 | -9.6 | 17.5 |
Imports of Goods and Services (in % of GDP) | 54.5 | 55.7 | 55.3 | 49.9 | 58.0 |
Exports of Goods and Services (in % of GDP) | 31.1 | 30.1 | 30.6 | 27.1 | 30.6 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2022 | 2023 (e) | 2024 (e) | 2025 (e) | 2026 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 4.6 | 5.1 | 5.4 | 5.2 | 4.9 |
Volume of imports of goods and services (Annual % change) | 6.2 | 10.9 | 4.1 | 4.9 | 6.0 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2022 |
Romania | 28.6% |
Ukraine | 16.6% |
Italy | 7.6% |
Türkiye | 7.0% |
Germany | 5.3% |
Russia | 4.4% |
Bulgaria | 3.3% |
Poland | 2.8% |
Czech Republic | 2.4% |
Belarus | 1.9% |
Switzerland | 1.5% |
Netherlands | 1.5% |
United Kingdom | 1.4% |
Hungary | 1.2% |
Iran | 1.2% |
United States | 1.2% |
Spain | 1.0% |
France | 0.9% |
Greece | 0.8% |
Kazakhstan | 0.7% |
See More Countries | 34.7% |
Main Suppliers (% of Imports) |
2022 |
Romania | 17.9% |
Russia | 12.4% |
China | 10.3% |
Ukraine | 9.3% |
Türkiye | 7.2% |
Germany | 6.3% |
Italy | 4.8% |
Poland | 3.3% |
India | 2.7% |
Hungary | 1.9% |
France | 1.9% |
Greece | 1.8% |
Bulgaria | 1.6% |
Czech Republic | 1.5% |
United States | 1.5% |
Spain | 1.1% |
Belarus | 1.0% |
Netherlands | 1.0% |
Austria | 0.9% |
Japan | 0.8% |
See More Countries | 43.0% |
Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: November 2023
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