Trade Balance in Moldova

Moldova Trade Balance | Economic News & Forecasts

Moldova - Trade Balance

Following swifter GDP growth in Q4 2021 due to stronger domestic dynamics, the breakout of war in neighboring Ukraine has weighed heavily on the economy so far this year. After industrial production and retail sales rose solidly in January, both swung into contractions in February and remained subdued in March. Similarly, the Russian invasion continued to hinder the external sector, with the trade deficit widening through March amid international sanctions on Russia—formerly one of Moldova’s key trading partners. To make matters worse, inflation surged to historic levels in the same month and hit yet another record high in April. On a positive note, on 12 May, the IMF approved an approximately EUR 135 million disbursement, and the EBRD lent EUR 50 million, in efforts to help authorities cope with the economic fallout stemming from the war in Ukraine.

Moldova - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-2.1  -2.1  -2.6  -3.3  -3.3  

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Moldova Trade Balance Chart

Moldova Trade
Note: Trade balance in USD bn.
Source: National Bureau of Statistics

Moldova Facts

Value Change Date
Exchange Rate17.150.03 %Jan 01
Stock Market0.10.0 %Jan 07

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