Moldova is a landlocked nation in Eastern Europe that shares borders with Romania and Ukraine. Moldovan exports are comprised mainly of agricultural products, apparel, consumer good re-exports, and services. Although it exports products to a variety of nations, the majority of Moldovan products are destined for Russia, Romania, and Italy. The lack of product and market diversification makes Moldova vulnerable to both price and demand fluctuations. The import of energy resources and value added goods meanwhile has resulted in a large trade deficit. A member of the WTO, Moldova has continued to pursue integration through CIS membership and participation in the Central European Free Trade Agreement. In addition, it has enhanced relations with Europe through an Association Agreement that includes a Deep and Comprehensive Free Trade Area. Nevertheless, trade competitiveness is still hindered by limited financial access, cumbersome regulatory and business environments, and underdeveloped physical and quality management infrastructure.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.