Romania Became the Leading Importer of Moldovan Products During January- July 2020

Romania Became the Leading Importer of Moldovan Products During January- July 2020
21 September 2020 | 12:18

According to the National Bureau of Statistics’ data on foreign trade for seven months of 2020, Romania’s imports from Moldova have exceeded other strategic partners’ imports of Moldovan products.

The National Bureau of Statistics (NBS) reported that the Moldovan goods’ exports on the European market amounted to US$ 893.5 million in the first seven months of 2020, with a share of 64.7 percent of total exports and imports – US$1,326 billion. 

Also, the volume of Moldovan exports to Romania in January-July 2020 amounted to US$357.05 million, while the imports from Romania amounted to US$348.73 million. As a result, Moldova’s trade balance with Romania in January-July 2020 amounted to US$8.32 million. 

Thus, Romania has become the leading trading partner of Moldova, purchasing the highest volume of Moldovan products in the seven months and occupying the first place in terms of supply of goods.

The country’s second-biggest trading partner in the top ten EU countries is Italy, on the market of which Moldova exported products of US$124.2 million and imported goods worth US$192.7 million. Among the European countries which import Moldovan goods are Germany, Poland, the Czech Republic, Spain, Greece, Bulgaria, France, the Netherlands.

During the seven months of 2020, the export of Moldovan goods on the CIS market amounted to US$220.8 million, with a share of 16 percent in exports, and imports amounting to US$733.6 million.

“Romania has become the primary importer of Moldovan products, proving strategic trade cooperation. Furthermore, the Ministry of Economy focuses its efforts on implementing a bilateral agenda with all existing partners, expanding the trade framework and economic cooperation with many more countries, and giving our producers access to new markets,” quoted the Minister of Economy and Infrastructure, Sergiu Railean.

Between January and July 2020, Moldova exported goods worth US$ 264.9 million and imported products worth US$ 829,6 million. 

AUTHOR MAIL

 .

TOP: Five ZdG Investigations from 2021 that Led to Opening Criminal Cases

Several articles published by ZdG during 2021 have had an impact and led to opening criminal cases or sanctions. The investigation ”Concrete Instead of Trees in a Chișinău Forest” brought to the public’s…
TOP: Five ZdG Investigations from 2021 that Led to Opening Criminal Cases

INVESTIGATION: The Army from which Recruits Flee

“I left the unit out of fear. I joined the army to do military service and not to let someone mock me. (…) The superiors reacted aggressively. I learnt nothing from the military service: I made repa…
INVESTIGATION: The Army from which Recruits Flee

ZdG Interview with Maia Sandu, President of Moldova

“Fighting corruption is a very important process that we engage to complete; the country’s strategy, however, must focus on education.” A year after the inauguration of Maia Sandu as President…
ZdG Interview with Maia Sandu, President of Moldova

OPINION POLL: A Year with Maia Sandu: “I think she has to put Shor, Plahotniuc, Platon in prison and take all their fortunes and give them to the people.”

On December 24, 2020, Maia Sandu pronounced her inauguration oath of office as President of the Republic of Moldova: “I swear to give all my strength and skill to the prosperity of the Republic of Moldova, to r…
OPINION POLL: A Year with Maia Sandu: “I think she has to put Shor, Plahotniuc, Platon in prison and take all their fortunes and give them to the people.”

OPINION POLL: 2021 is Leaving. What Would We Take with Us into 2022?

We say goodbye to 2021- a year full of question marks. Knock on 2022. How will it find us? More peaceful, more optimistic, more hopeful, or tired of waiting? It will be warm in the house, there will be bread on…
OPINION POLL: 2021 is Leaving. What Would We Take with Us into 2022?

New US Ambassador to Moldova Kent Doyle Logsdon has taken the Oath of Office

The new US Ambassador to Moldova, Kent Doyle Logsdon, took the oath of office on Wednesday, December 28, in Washington DC. Ambassador Logsdon will soon arrive in Moldova to lead the Embassy team in further stre…
New US Ambassador to Moldova Kent Doyle Logsdon has taken the Oath of Office