Deficit of Trade Balance of Moldova Down 3,1%
OREANDA-NEWS. April 18, 2014. According to the National Bureau of Statistics, the export-to- import ratio was 48.1% within the first 2 months of the year against 47.8% in the like period of 2013.
An amount of Moldovan export made up USD353.6 million, down 2% up as compared with the same period of 2013, an amount of the import decreasing 2.6% to USD 735.2 million. Domestic goods were exported at an amount of USD 226.7 million in the reporting period, which was 64.1% of the total export and 10.7% less than in the same period of 2013. According to NBS, goods re-exported in the reporting period amounted to USD 126.9 million and made up 35.9% of the total exports from Moldova.
Against the same period of 2013, re-export grew 18.4%. In total, Moldova exported to CIS states commodities amounting to USD 115.5 million, down 19% as compared with the same period of 2013. Moldova’s exports to the EU increased 14.6% to USD 198.4 million, other states importing from Moldova 12.1% less commodities that amounted to USD 39.7 million. The share of CIS states in the total volume of export from Moldova decreased from 39.5% to 32.7% in the reporting period, whereas that of EU ones grew from 48% to 56.1%. The export from Moldova to other states declined from 12.5% to 11.2%.
In January-February, 2014 Moldova imported 4.8% less goods from CIS, at an amount of USD 257.3 million. Moldova’s import grew 3.6% to USD 310 million from the EU and decreased 9.5% to USD 167.9 million from other countries. The share of CIS states in the total volume of Moldova’s import decreased from 35.8% to 35% in the reporting period, whereas the share of the EU grew from 39.6% to 42.2%, the share of other states declining from 24.6% to 22.8%. The biggest trade balance deficit Moldova displayed with Russia in January-February, 2014; it made up USD 93.7 million, up 45.2% as compared with the same period of 2013.
Then followed China - USD 65.4 million (-8.3%); Ukraine- USD 4,779 million (-11.6%); Romania- USD 40.1 million (-3.4%); Germany - USD 29.6 million (+3.3%); Turkey - USD 24.8 million (-32%); Austria - USD 14.2 million (-19%); Hungary- USD 10.4 million (+1.8%), India - USD 5.8 million (+14%), and the Czech Republic - USD 5.8 million (+84.1%).
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