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. 

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