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.