Positive development of Moldovan exports in 2017
Moldovan exports have developed positively in 2017; they went up by 18% yoy. Exports to the EU have increased above average, thus contributing 70% to the export expansion.
Also, exports to Turkey and Ukraine increased above average. Export growth to Belarus and Russia was only moderate, despite the economic recovery in both countries.
From a sectoral perspective, especially plant products and cable harnesses, which are attributed to the machinery sector, have contributed to export growth. Both product categories together account for 59% of the total increase.
Exports of plant products increased due to a good harvest and higher international commodity prices. Exports increased to all destinations.
This is different for cable harnesses, the export of which increased primarily to the EU. There is a close relationship between the free trade agreement with the EU (DCFTA), stronger investment into the manufacturing of cable harnesses and increased exports. Against this background it is in the interest of the Moldovan government to further support this positive development by continuing the implementation of the DCFTA and FDI attraction.
