February 16 (SeeNews) - Moldova's trade deficit narrowed by 5.4% on the year in 2023, reaching $4.625 billion (4.308 billion euro), the statistical office, BNS, said.
The country's exports fell 6.5% year-on-year in 2023, while imports decreased by 5.9%, BNS said in a press release on Tuesday.
The European Union absorbed 65.4% of Moldova's exports in 2023, up by 6.8 percentage points (pp) compared to 2022. The EU also accounted for 48.3% of the country's imports, inching up by 1 pp on the year.
In December alone, Moldova's exports fell by an annual 10.3% to $311.3 million, while imports decreased by 7.3% to $810 million, resulting in a trade deficit of $498.7 million, down 5.3% year-on-year.
Details follow (in millions of U.S. dollars):
|
2023 |
y/y change |
Exports |
4,048.6 |
-6.5% |
Imports |
8,673.7 |
-5.9% |
Trade deficit |
4,625.1 |
-5.4% |
Source: BNS
In 2022, Moldova's trade deficit widened by 21.1% on the year to $4.884 billion.
($=0.9314 euro)