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Moldova in January-March 2024, relative to the same period of 2023, reduced exports by 14% - to $921.8 million.

Moldova in January-March 2024, relative to the same period of 2023, reduced exports by 14% - to $921.8 million.

The National Bureau of Statistics (NBS) reported that exports of domestic goods in 3 months of 2024 amounted to $715.1 million (77.6% of the total volume), down by 2.8%, compared to the same period of the previous year. At the same time, re-exports of foreign goods (after substantial processing and classic re-exports) in January-March 2024 amounted to $206.7 million (22.4% of the total volume), down 38.6% from the same period in 2023. At the same time, re-exports of goods after processing (clothing and clothing accessories, footwear and its parts, chairs, electrical wiring and cables, other products for the automotive industry, peeled walnuts, scooters, chairs and other furniture, suitcases, textile products, toys, etc.) accounted for 13.6% of total exports, while classic re-exports of foreign goods (gasoline, diesel fuel, nuts, medicines, sunflower oil, computers, air conditioners, etc.) accounted for 8.8%. According to the NBS data, for exporting goods abroad during the mentioned period, road transport was most often used - 79.6% of the total volume, followed by maritime transport - 16.8%, railway - 1.9%, air - 0.8%, fixed transport units (0.9%). Overall, Moldovan exports to the European Union in the first quarter of 2024, compared to the same period of 2023, decreased by 9.3% - to $605.5 million, to CIS countries - decreased by 28.7% - to $66.2 million, and to other countries - decreased by 19.8% - to $250.05 million. The share of EU countries in the total volume of Moldovan exports during the mentioned period increased from 62.253% to 65.69%, the share of CIS countries - decreased from 8.67% to 7.19%, and the share of non-EU and non-CIS countries decreased from 29.08% to 27.13%. According to the NBS data, the main destination countries of Moldovan exports in the mentioned period of this year were: Romania (31.4% of total Moldovan exports), Ukraine (8.3%), Germany (6.6%), Italy (6.4%), Turkey (6.1%), Czech Republic (5%), Poland (4.2%), Russia (3.2%), USA (3%), Belarus (2.5%), Bulgaria (2.4%), Egypt (2%), Netherlands and Spain (1.4% each), Greece and Switzerland (1.3% each), France (1.2%), Hungary (1%), UK (0.9%). At the same time, in January-March 2024, compared to the same period in 2023, Moldova increased its exports to Egypt (11.9 times, thanks to an increase in supplies of sunflower oil, wheat and corn), Turkey (+40.6%), USA (1.8 times), Poland (+34.6%), Bulgaria (+57.8%), Czech Republic (+19.5%), Portugal (16.7 times, on the background of sunflower oil supplies), Netherlands (+41.7%), Indonesia (11.7 times, due to wheat supplies), Jordan (22.1 times, due to supplies of sunflower oil and wheat), Malaysia (25.9 times, due to supplies of wheat), Saudi Arabia (+59.1%), Iraq (2.2 times), Libya (27.8 times, due to supplies of live cattle), China (1.7 times), Vietnam (3.1 times), Croatia (3.5 times), Tajikistan (13.7 times), Northern Macedonia (2.3 times), Mongolia (4.2 times), India (7.1 times). At the same time, during the mentioned period Moldova reduced exports to Ukraine (-55.6%), Romania (-17.7%), Russia (-35.4%), Cyprus (-66%), Lebanon (-84.4%), Spain (-37.7%), Kazakhstan (-57.6%), Hungary (-39,6%), Italy (-8.6%), UAE (-73.3%), Belarus (-15.2%), France (-26,1%), Great Britain (-30.2%), Israel (-34.2%), Lithuania (-17.1%), Morocco (-41.9%), Canada (-19.5%), Switzerland (-5.5%). In the structure of Moldovan exports for 3 months in 2024 the following groups of goods had the most significant shares: electrical machinery and apparatus and their parts (16.7%); cereals and preparations based on them (12%); vegetables and fruits (12%); oil seeds and fruits (8.4%); clothing and accessories (6.8%); vegetable fats and oils (6.6%); alcoholic and non-alcoholic beverages (5.6%); petroleum, petroleum products and related products (4.1%); furniture and parts thereof (3.7%); nonmetallic mineral products (2.1%); yarn, fabrics, textiles and related products (1.9%); drugs and pharmaceuticals (1.5%); animal feed (1.4%). // 16.05.2024 - InfoMarket.

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