Moldova2021 Economic Complexity Trade : -0.017, Rank 65 of 131
2021 Economic Complexity Technology : -0.34, Rank 60 of 96
2021 Economic Complexity Research : -0.88, Rank 113 of 140
2021 Product Exports | Imports: $3.89B | $7.62B, 128 of 226 | 122 of 226
2021 Per Capita Product Exports | Imports: $1.51k | $2.96k, 108 of 219 | 104 of 219
Overview In 2021, Moldova was the number 130 economy in the world in terms of GDP (current US$), the number 128 in total exports, the number 122 in total imports, the number 95 economy in terms of GDP per capita (current US$) and the number 65 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Moldova are Insulated Wire ($478M), Wheat ($243M), Sunflower Seeds ($197M), Hot-Rolled Iron Bars ($173M), and Wine ($140M), exporting mostly to Romania ($919M), Russia ($345M), Turkey ($327M), Germany ($273M), and Italy ($273M).
Imports The top imports of Moldova are Refined Petroleum ($485M), Petroleum Gas ($362M), Cars ($331M), Packaged Medicaments ($264M), and Insulated Wire ($172M), importing mostly from Romania ($1.34B), Russia ($1.02B), Ukraine ($840M), China ($673M), and Germany ($542M).
The following section uses the most recent trade data from partners of Moldova.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2021): Insulated Wire, $478M
Top Destination (2021): Romania, $919M
In 2021, Moldova exported a total of $3.89B, making it the number 128 exporter in the world. During the last five reported years the exports of Moldova have changed by $1.49B from $2.41B in 2016 to $3.89B in 2021.
The most recent exports are led by Insulated Wire ($478M), Wheat ($243M), Sunflower Seeds ($197M), Hot-Rolled Iron Bars ($173M), and Wine ($140M). The most common destination for the exports of Moldova are Romania ($919M), Russia ($345M), Turkey ($327M), Germany ($273M), and Italy ($273M).
Moldova Exports Services (2018): $1.07B
Moldova Imports Services (2018): $1.1B
In 2018, Moldova exported $1.07B worth of services. The top services exported by Moldova in 2018 were Personal travel ($259M), Other transport ($233M), Air transport ($181M), Miscellaneous business, professional, and technical services ($126M), and Business travel ($122M).
The top services imported by Moldova in 2018 were Other transport ($224M), Personal travel ($216M), Miscellaneous business, professional, and technical services ($153M), Business travel ($137M), and Air transport ($136M).
Moldova has a high level of specialization in Sunflower Seeds (224), Hot-Rolled Iron Bars (48.9), Apples and Pears (43.9), Seed Oils (38), and Dried Fruits (30.4). Specialization is measured using RCA, an index that takes the ratio between Moldova observed and expected exports in each product.
The highest complexity exports of Moldova according to the product complexity index (PCI) are Machines and appliances for testing the hardness, strength, compressibility, elasticity of other mechanical properties of materials (e.g. metals, wood, textiles, paper, plastics) (1.39), Copper foil (whether or not printed or backed with paper, paperboard, plastics or similar backing materials) of a thickness (excluding any backing) not exceeding 0.15mm (1.35), Machinery, plant (not domestic), or laboratory equipment; electrically heated or not, (excluding items in 85.14) for the treatment of materials by a process involving change of temperature; including instantaneous or non electric storage water heaters (1.14), Nickel; tubes, pipes and tube or pipe fittings (e.g. couplings, elbows, sleeves) (0.95), and Alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives (0.89). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Moldova according to the relatedness index, were Non-Knit Men's Undergarments (0.23), Other Vegetables (0.22), Knit Men's Undergarments (0.22), Other Knit Garments (0.22), and Melons (0.22). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Moldova is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 20 years Moldova's economy has become relatively less complex, moving from the nullth to the 65th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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