Moldova’s exports up $380m, while imports up over $800m

Print Send by email
15:14, 19 Feb 2018

Moldova’s exports up $380m, while imports up over $800m

Moldova’s exports in 2017 rose by 18.6% or US$ 380.5 million against 2016. Of the total exports, 67.7% were national goods, while the rest were re-exported goods. Exports to the EU member states represented 65.9% of the total exports, while those to the Commonwealth of Independent States – 19.1%. Moldova also exported to Turkey (4.3%), Switzerland (1.8%), China (0.8%) and other states, IPN has learned from the Ministry of Economy and Infrastructure.

Last year, the exports of fruit and vegetables had the biggest influence on the rise in exports. These exports increased by 46.1% compared with January – December 2016. The exports of machines and electrical appliances and parts for these grew by 37.1%, of medicinal and pharmaceutical products by 28.1%, of seeds and oleaginous oils by 19.5%, of grains and grain products by 15.2%, of beverages by 15.6%, of clothing and accessories by 14% etc.

The value of goods imported last year rose by 20.2% or US$ 811 million compared with 2016. The rise was due to the higher domestic demand fueled by the larger salaries, the higher remittances from abroad and the appreciation of the national currency. Imports from the EU constituted 49.4% of all the imports, while from the CIS – 25%. China accounted for 10.5% of the imports into Moldova, Turkey for 6.3%, while the United States for 1.5%.

The increase in imports stemmed from the 26.9% rise in the imports of oil, oil products and related products, the 20.4% growth in the imports of machines and electrical appliances and parts for these, the 24% increase in the imports of motor vehicles and the 18.8% rise in the imports of medicinal and pharmaceutical products.

15:14, 19 Feb 2018
Official exchange rate for date 19.02.2018
[T] Currency Code ABR Rate Exchange Rate Albanian lek 008 ALL 10 1.5729 Armenian Dram 051 AMD 10 0.3470 Australian Dollar 036 AUD 1 13.2912 Azerbaijanian Manat 944 AZN 1…
05:00, 19 Feb 2018

Other news

02 June 2016
RSS
Ericsson intends to extend business in Moldova
free
2016 could be a stabilizing year, “Viitorul”
Official exchange rate for date 02.06.2016
free
01 June 2016
Investments totaling €10m to be made in Moldova’s economy
free
31 May 2016
Rise in incomes will change attitude to consumer prices, debates
01 June 2016
Employers complain they became hostage of political populism
free
Process of opening up electricity market must be reanimated, study
Official exchange rate for date 01.06.2016
free
31 May 2016
Energy regulator sets retail oil price ceilings
free
State guarantees provided to three banks will affect budget during several years
30 May 2016
ANRE: Many oil companies increased prices with deviations
free
Customs Service aims to support investors by simplifying customs procedures
free
Audit Office examines fulfillment of 2015 state budget Revenues from pay TV services decline
ECO-BUS WEEKLY DIGEST May 23-28. Most important Economy & Business news by IPN
28 May 2016
Agriculture Ministry to prepare legislative initiative on agriculture insurance One month left for installing POS terminals
Conclusions of IMF mission after visit to Moldova
free
Official exchange rate for date 28.05.2016
free
27 May 2016
Fixed telephone services market in recession

ANNOUNCEMENTS

See all

PRESS-RELEASE

News Agency IPN

Public Discussion: Administrative and political interference in capital city

News Agency IPN

Public Discussion: Anti-propaganda law: necessity, advantages and risks

News Agency IPN

Public Discussion: Chances of fulfilling the 28 conditions for obtaining €100 million from the EU or How real is the government’s objective to make the European course irreversible until the parliamentary elections?

See all

Last videos

Conferințe IPN [HD] |Chișinăul de seară, orașul luminilor, rezultatul concursuluiConferințe IPN [HD] | PUN își consolidează rândurile
Conferințe IPN [HD] | Un grup de experți în energetică, adresare către ANREConferințe IPN [HD] | Licitații cu probleme la achiziția alimentelor în școli
See all
banner ceu
banner creditex