August 24 (SeeNews) - Moldova's economy minister said on Wednesday it sees the country's exports rising by 5.7% year-on-year and imports up by 4.7% annually until 2019.
The factors which will contribute to this positive development are the recovery of external demand and domestic supply of agricultural products, as well as expected investments in technology upgrades and the integration of Moldovan products into the international trade flows, the ministry said in a press release.
Moldova's trade deficit narrowed 2.9% on the year to $963.6 million (850.4 million euro) in the first half of the year, as exports fell faster than imports, statistics office latest data indicated.
Moldova's exports shrank 13.3%, while imports declined 5.9% in the six months through June.
In 2015, Moldova's trade deficit narrowed 32.2% to $2.01 billion, as exports fell 15.9% to $1.96 billion and imports declined 25% to $3.98 billion.
($ = 0.8826 euro)