New reports provided by the EU Delegation to Moldova show that the nation’s exports to the European Union (EU) have significantly increased in the last year. The majority of Moldovan exports still go to the EU.
According to information cited by the EU Delegation and provided by the National Bureau of Statistics of Moldova, the cumulative value of products shipped to the 27 member states of the European Union between January and July 2022 was US$ 1,587.1 million.
Comparing these numbers to the same time in 2021, it is evident that there has been a rise of 57.2%.
“The European Union confirms its commitment to further support Moldovan entrepreneurs and remains Moldova’s most important economic partner,” the EU Delegation to Moldova said in a press release posted on Facebook.
Due to the importance of agriculture to Moldova’s economy, the nation is still regarded as an agricultural nation.
According to Anatolie Fală, deputy minister of agriculture of Moldova, “the European Union is the Republic of Moldova’s main trading partner: 66% of our exports of agri-food products are directed to the EU market.”
The minister also noted that Moldova’s top import partners are Romania, Germany, France, Italy, and Poland.
The majority of Moldova’s exports to the EU are made up of grains and grain products, such as cereal, in addition to seeds, fruits, vegetables, wines, and vegetable oils.
In the context of initiatives like the Economic Stimulation In Rural Areas (ESRA) and the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD), the EU already provides Moldovan agriculture with financial aid.
The creation of new vineyards and the modernization of animal farms have both been made possible by these programs. Between 2015 and 2019, thanks to the implementation of these programs, the proportion of Moldovan exports to Europe increased from around 50% to 68%.
“Exports to the EU have grown steadily in recent years, but at the same time, we must recognize that Moldova’s potential to export agri-food products is much higher,” said Vasile Mirzenco, director of the Federația Națională a Fermierilor din Moldovaparticipă (FNFM).
