September 15 (SeeNews) - Moldova's trade deficit rose by 7.3% on the year in the first seven months of 2023, reaching $2.664 billion (2.481 billion euro), the statistical office said on Friday.
The country's exports fell 10.8% year-on-year in the seven months through July, while imports decreased by 2%.
The European Union absorbed 62.3% of Moldova's exports between January and July and accounted for 48.9% of the country's imports.
In July alone, exports decreased by an annual 10.1% to $304.2 million, while imports fell by 16% to $639.1 million, resulting in a trade deficit of $334.9 million, down 20.8% year-on-year.
Details follow (in millions of U.S. dollars):
| |
Jan-July '23 |
y/y change |
| Exports |
2,346.5 |
-10.8% |
| Imports |
5,010.8 |
-2.0% |
| Trade balance |
-2,664.3 |
-7.3% |
Moldova's trade deficit widened by 21.1% on the year to $4.884 billion in 2022.
($=0.9314 euro)