Moldova2020 Economic Complexity : -0.18, Rank 69 of 127
2020 Product Exports | Imports: $3.01B | $5.73B, 129 of 226 | 124 of 226
2020 Per Capita Product Exports | Imports: $1.15k | $2.19k, 108 of 219 | 105 of 219
2018 Service Exports | Imports : $1.07B | $1.1B, 109 of 138 | 113 of 138
Overview In 2020, Moldova was the number 138 economy in the world in terms of GDP (current US$), the number 129 in total exports, the number 124 in total imports, the number 118 economy in terms of GDP per capita (current US$) and the number 69 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Moldova are Insulated Wire ($445M), Sunflower Seeds ($188M), Wine ($134M), Seats ($112M), and Hot-Rolled Iron Bars ($105M), exporting mostly to Romania ($791M), Russia ($278M), Germany ($263M), Italy ($241M), and Turkey ($181M).
Imports The top imports of Moldova are Refined Petroleum ($328M), Packaged Medicaments ($226M), Cars ($224M), Broadcasting Equipment ($165M), and Insulated Wire ($140M), importing mostly from Romania ($1.03B), Ukraine ($667M), China ($544M), Russia ($495M), and Germany ($429M).
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 (2020): Insulated Wire, $445M
Top Destination (2020): Romania, $1.03B
In 2020, Moldova exported a total of $3.01B, making it the number 129 exporter in the world. During the last five reported years the exports of Moldova have changed by $585M from $2.42B in 2015 to $3.01B in 2020.
The most recent exports are led by Insulated Wire ($445M), Sunflower Seeds ($188M), Wine ($134M), Seats ($112M), and Hot-Rolled Iron Bars ($105M). The most common destination for the exports of Moldova are Romania ($791M), Russia ($278M), Germany ($263M), Italy ($241M), and Turkey ($181M).
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 (218), Hot-Rolled Iron Bars (53.6), Apples and Pears (43.5), Seed Oils (42.3), and Other Vegetable Residues (32). 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 Tensile Testing Machines (1.54), Copper Foil (1.37), Other Heating Machinery (1.16), Cyclic Alcohols (0.89), and Other Iron Products (0.87). 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, are Knit Men's Undergarments (0.22), Non-Knit Men's Undergarments (0.21), Raw Tobacco (0.21), Locust beans, seaweed, sugar beet, cane, for food (0.21), and Other Vegetables (0.21). 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 69th 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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