OREANDA-NEWS. October 20, 2014. The current account deficit to GDP ration was 4.1% in January-June 2014 against 9.7% in the same period of the past year, it was said at NBM.

The exports of goods and services increased 1.7% to USD 1 billion 639.06 million, the imports declining 1.3% to USD 2 billion 989.5 million. The exports covered imports 54.8%, up1.6 p.p. The deficit in foreign trade was covered 89.3% by the positive balance of incomes and current transfers. The share of the trade deficit in Moldova’s GDP shrank 1.7 pp. to 38.3%. The exports to CIS decreased 14.3%, the imports from CIS declining 10.9%.

The exports to the EU grew 3.2%, their share in Moldova’s exports making 53% in the first 6 months of 2014 against 45% reported from the same period of 2013. The imports from the EU grew 8.5%, their share in Moldova’s impost rising 4.7 p.p. to 24.4%. The exports of alcohol from Moldova declined 33.2% to USD 86.58 million.

The decline is explained by the decrease in the exports to Russia by 8.2 times. The imports of energy, electricity excluded, shrank 3.9%. The electricity import contracted 47.9%. The deficit of the trade with services USD 18.38 million against USD 0.49 million in the same period of the past year, the imports of services increasing 3.9%, the exports staying unchanged.