The trade deficit in Moldova shrank to USD 237.6 million in November of 2019 from USD 253.9 million in the corresponding month of the previous year. Exports fell 0.9 percent from a year earlier to USD 266.6 million while imports decreased at a faster 3.5 percent to USD 504.2 million. Considering the first eleven months of 2019, Moldova’s trade gap narrowed to USD 2,740.9 million from USD 2,753.4 million in the same period of 2018. Balance of Trade in Moldova averaged -207.14 USD Million from 2005 until 2019, reaching an all time high of -40.40 USD Million in January of 2005 and a record low of -350.20 USD Million in December of 2013.

Balance of Trade in Moldova is expected to be -287.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Moldova to stand at -280.00 in 12 months time. In the long-term, the Moldova Balance of Trade is projected to trend around -280.00 USD Million in 2020, according to our econometric models.

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Moldova Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-237.60 -257.10 -40.40 -350.20 2005 - 2019 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 07:00 AM Aug $-258.4M $-278.7M $-280M
2019-11-15 08:00 AM Sep $-262.9M $-258.3M $ -270M
2019-12-16 08:00 AM Oct $-256.9M $-262.9M $-320M
2020-01-15 10:00 AM Nov $-237.6M $-257.1M $-255M
2020-02-14 08:00 AM Dec $-237.6M $-284M

News Stream
Moldova Trade Gap Narrows Slightly in May
The trade deficit in Moldova shrank to USD 270.9 million in May of 2019 from USD 282.6 million in the corresponding month of the previous year. Exports fell 5.6 percent from a year earlier to an eight-month low of USD 210.6 million, mainly due to lower shipments to CIS countries (-10 percent) and European Union countries (-7.9 percent) while sales to other countries climbed 8.5 percent. Meanwhile, imports decreased at a softer 4.8 percent to USD 481.5 million, dragged by purchases from both CIS countries (-7.9 percent) and European Union countries (-5.4 percent).

Moldova Posts Largest Trade Deficit in 5 Years
Moldova's trade deficit widened to USD 301 million in December 2018 from USD 238 million in the same month of the previous year. It was the largest trade gap since a record was reached in December 2013 as imports jumped 10.2 percent to USD 520 million while exports fell 6 percent to USD 219 million.

Moldova Balance of Trade
Moldova’s trade deficit accounts for around 40 percent of GDP as remittances fuel imports of household goods. Moldova mostly exports textiles, vegetables and fruit, beverages and electrical machinery. Moldova’s main imports are petroleum, natural gas, textile yarn, pharmaceutical products and machinery. Moldova’s main trading partners are Russia, Romania, the Ukraine, Italy, Germany, Turkey and Belarus. .

Moldova Trade Last Previous Highest Lowest Unit
Balance of Trade -237.60 -257.10 -40.40 -350.20 USD Million [+]
Current Account -377.48 -311.74 41.39 -377.48 USD Million [+]
Current Account to GDP -9.90 -7.60 -1.20 -19.70 percent [+]
Imports 504.20 525.40 554.90 111.10 USD Million [+]
Exports 266.60 268.30 272.10 61.90 USD Million [+]
Capital Flows -395.57 -298.30 448.87 -395.57 USD Million [+]
Terrorism Index 0.12 0.23 2.58 0.00 [+]
Tourist Arrivals 51355.00 47932.00 51355.00 11226.00 [+]
Remittances 237.70 213.93 316.09 0.02 USD Million [+]
Foreign Direct Investment 294.41 125.33 294.41 -9.26 USD Million [+]
External Debt 7316.99 7351.60 7351.60 1678.25 USD Million [+]