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Developments and Trends in the International Trade in Goods in the Republic of Moldova

Author

Listed:
  • Valentina BUTMALAI

    (Dunarea de Jos University of Galati, Romania)

  • Alina Florentina SARACU

    (Dunarea de Jos University of Galati, Romania)

Abstract

International trade between various countries is a significant factor in raising the standard of living, providing jobs and allowing consumers to enjoy a larger variety of goods. Over the last years, international trade has become more and more important, having a growing weight in the Gross Domestic Product (GDP) of all countries in the world. International trade was and is still being an important factor in promoting economic growth. This increase has led to a lowering of the absolute poverty level. Along with acquiring the independence of the Republic of Moldova, it has also gained the freedom to choose business partners, as well as those of foreign trade. Although it has been 30 years since independence in the country, the mentality persists that the country depends on the Russian Federation and the exports made in this country. The author intends to present the situation of exports of Moldovan goods in comparative analysis between the member countries of the Commonwealth of Independent States (CIS) and those of the European Union (EU) in order to be able to deduce which will be the weight of each in total exports of goods, thus concluding which are still the main export partners of the republic. Therefore, the purpose of the paper is the submission of the main partners of the Republic of Moldova in international trade in goods, their structure and the main categories of exported goods. Presentation of the statistics for foreign trade of the Republic of Moldova from January-August 2019-2021, and what is the trade balance of 2021 to August.

Suggested Citation

  • Valentina BUTMALAI & Alina Florentina SARACU, 2021. "Developments and Trends in the International Trade in Goods in the Republic of Moldova," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 62-70.
    • Handle: RePEc:ddj:fseeai:y:2021:i:3:p:62-70
    DOI: 10.35219/eai15840409225
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