The European market is the main destination for the products from the Republic of Moldova. In 2006-2014, Moldova’s exports to the EU represented about 50% of all its exports, but rose from 61.9% in 2015 to 68.8% in 2018 following the creation of the Deep and Comprehensive Free Trade Area with the EU, IPN reports.
Economist of the Independent Think Tank “Expert-Grup” Alexandru Fală, in an analysis of the EU’s role in stimulating Moldova’s exports, said the exports in 2000 – 2018 increased in value from US$165.3 million to US$ 1.86 billion.
As to the exports to the CIS, after the ban imposed in 2006, the supplies to this market were later restored and in 2012 exceeded US$ 928 million. Since 2013, following the bans imposed on wine exports and then the introduction of customs duties and the banning of fruit and meat imports in 2014, exports to this region have declined continuously. In 2018, sales to the CIS constituted 15.4% of Moldova’s exports.
Alexandru Fală reiterated the strategic importance of implementing the Association Agreement with the EU so as to make use of the opportunities provided by the Deep and Comprehensive Free Trade Agreement with the EU.
