Expert-Grup

The Importance of the European Vector for the Sustainable Development of the Republic of Moldova: A Report in Figures

Integrare europeanăWednesday, 30 November 20227818 views

Automatically translated summary. The full text is available in Romanian.

The Independent Think Tank “Expert-Grup” and the Institute for Strategic Initiatives examine, in figures, why the European vector matters for the sustainable development of the Republic of Moldova. The analysis draws on data on foreign trade, investment and external assistance, showing the European Union as Moldova's main trading partner and investor.

The EU takes 59% of Moldova's goods exports. In January-September 2022, exports to the EU-27 reached USD 1,941 million, 51% more than a year earlier, already exceeding the whole of 2021. Romania is the top destination with 28% of total goods exports, followed by Italy (8%), Germany (5%), Bulgaria (4%), Poland (3%) and Czechia (2%).

Exports to the EU consist mainly of industrial goods, unlike exports to other markets, which are mostly low-value-added agri-food products. In 2021 the EU absorbed 74% of Moldova's industrial exports and 45% of its agri-food exports. Agri-food products made up 34% of exports to the EU, machinery and equipment 28%, textiles and clothing 11%, furniture 8% and glass 3%. Imports from the EU are complementary to local output, supplying raw materials and equipment, led by machinery (19%) and chemicals (15%). The publication was supported by the Soros Foundation Moldova.

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