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Balance of trade deficit at US$338.9m in August


https://www.ipn.md/index.php/en/balance-of-trade-deficit-at-us3389m-in-august-7966_1085070.html

Moldova’s exports of goods in the first eight months of this year came to US$1.808,7 billion, an increase of 18.6% compared with the corresponding period of 2020. Imports grew by 32.5% to US$4.403,5 billion. In such conditions, the balance of trade deficit in August was US$338.9 million, up 17.9 million on July 2021 and up 69.2 million on August 2020, IPN reports.

According to the National Bureau of Statistics, exports of national goods in January-August added up to US$1.341,3 billion, which is 74.2% of all exports. Re-exports totaled US$467.4 million, which is 25.8% of the exports.

Experts of goods to the EU Member States (EU–27) in the first eight months of this year came to US$1.132,0 million, representing 62.6% of the total exports, which is a decline of 2.4 percentage points compared with January-August 2020. Exports of goods to the CIS countries added up to US$282.4 million. This is 15.6% of the exports and a decrease of 0.6 percentage points compared with January-August 2020.

In the period, imports of goods from the EU Member States (EU-27) totaled US$2.050,1 billion, while those from the Commonwealth of Independent States - US$1.051,1 billion.

The considerable discrepancy between exports and imports led to a balance of trade deficit of US$2.594,8 billion in January-August this year, up 44.3% or 796.1 million compared with the same period of 2020.

The balance of trade with EU-27 in eight months ended with a deficit of US$918.1 million, while with the CIS – with a deficit of US$768.7 million.