Moldova

Moldova ranked No. 170 in total trade value through May with a total of $29.45 million. Exports totaled $8.45 million and Imports totaled $21 million, a deficit of $12.55 million.

U.S. trade with Moldova rose to $23.7 million through May

Moldova’s trade with the United States rose to $23.7 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.99 percent below its total trade during the same time period last year. U.S. exports to Moldova decreased 37.4 percent while U.S. imports from Moldova rose 5.15 percent. The U.S. deficit with Moldova was $11.05 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Port of New York; No. 4 Port of Savannah, Ga.; and No. 5 Port of Beaufort-Morehead City, N.C.. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 Port of Savannah, Ga.; No. 3 Port of Houston; No. 4 Port of Beaumont, Texas and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 60.54 percent of Moldova’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 40.17 percent to $8.11 million.
    Exports fell 97.9 percent to $70,446. Imports fell 21.15 percent to $8.04 million.
  • Trade with No. 2 Port of Houston rose 30.67 percent to $3.15 million.
    Exports rose 2274.68 percent to $358,007. Imports rose 16.57 percent to $2.8 million.
  • Trade with No. 3 Port of New York rose 99.43 percent to $2.98 million.
    Exports rose 329.43 percent to $2.96 million. Imports fell 98.59 percent to $11,298.
  • Trade with No. 4 Port of Savannah, Ga. fell 6.83 percent to $2.27 million.
    Exports fell 65.42 percent to $99,945. Imports rose 1.04 percent to $2.17 million.
  • Trade with No. 5 Port of Beaufort-Morehead City, N.C. totaled $1.31 million.
    There were no exports. Imports totaled $1.31 million.

Moldova ranked No. 170 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 176.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Moldova by value through May were the categories of Passenger vehicles; Glass fibers, glass yarn; Medical technology; Computers; and Train and locomotive parts, respectively. They accounted for 42.9 percent of total exports to Moldova.

The value of the top five categories of U.S. imports from Moldova –– Misc. plastic articles; Rum, gin, vodka, other liquors; Men’s or boys’ overcoats; Almonds, walnuts, pistachios, hazelnuts, etc.; and Sunflower seeds –– accounted for 41.92 percent of all inbound shipments.

Looking more closely at U.S. exports to Moldova:

  • Passenger vehicles rose 86.44 percent compared to last year to $1.06 million.
  • Glass fibers, glass yarn totaled $998,755. The previous year, there were no exports in this category.
  • Medical technology rose 1379.67 percent compared to last year to $617,805.
  • Computers rose 324.94 percent compared to last year to $539,748.
  • Train and locomotive parts totaled $408,798. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Moldova:

  • Misc. plastic articles rose 18.41 percent compared to last year to $2.79 million.
  • Rum, gin, vodka, other liquors fell 16.06 percent compared to last year to $1.69 million.
  • Men’s or boys’ overcoats fell 22.63 percent compared to last year to $1.56 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 57.52 percent compared to last year to $1.39 million.
  • Sunflower seeds rose 3666.95 percent compared to last year to $1.38 million.

In the latest annual figures available, Moldova recorded $84.51 million in trade with the United States. Total U.S. exports to Moldova were $ 20.47 million and imports from Moldova were $64.04 million. The U.S. deficit with Moldova was $43.57 million.