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Moldova's Q1 trade gap widens 13% y/y - table

Moldova's Q1 trade gap widens 13% y/y - table Source: BNS, SeeNews

CHISINAU (Moldova), May 17 (SeeNews) - Moldova's trade deficit widened by 12.6% on the year to $975 million (936 million euro) in the first three months of 2022, the country's statistics bureau said on Tuesday.

Moldova's exports rose 55.2% on the year, while imports increased by 31.4% in the first three months of the year, the statistics office said in a statement.

In March alone, exports jumped 52.7% on the year to $395.8 million, while imports rose 18.6% to $747.3 million. March trade deficit narrowed by an annual 5.2% to $351.5 million.

Details follow (in millions of U.S. dollars):

Q1 y/y change
Exports 1,062.0 +55.2%
Imports 2,037.6 +31.4%
Trade balance -974.8 +12.6%

Source: BNS

Moldova's trade deficit widened by 36.7% on the year to $4.032 billion in 2021.

($=0.9597 euro)

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