Exports of goods from the Republic of Moldova increased from January to November 2017 by 18.4%, compared to the same period in 2016, however, imports grew even more - by 20.1%, which led to an increase in the trade deficit to 2.17 billion dollars, according to the National Bureau of Statistics of the Republic of Moldova.
Imports rose from January to November 2017 by 20.1% compared to the same period of 2016, reaching a mark of 4.36 billion dollars. As a result of this evolution, the trade balance deficit of Moldova for the analyzed period amounted to 2.17 billion dollars, which is 21.9% more than in January-November 2016, that is, $ 390 million.
The level of export coverage of imports in January-November 2017 amounted to 50.3% compared with 51.0% for the corresponding period of 2016.
The European Union is a preferred destination for both export and import of goods.
The Republic of Moldova exported to the European Unionduring the period from January to November 2017, goods worth about 1.44 billion dollars, 65.7% of the totaland imported goods for 2.17 billion dollars from the EU countries, i.e. 49.8% of total imports. Thus, Moldova was left with a deficit of 730 million dollars with the countries of the European Union.
In trade with the CIS countries, Moldova remained in deficit of 653.9 million dollars, in the period from January to November 2017. Thus, exports to the CIS countries amounted to $ 427.7 million, i.e. 19.5% of total exports, which was exceeded by imports, amounting to about 1.08 billion dollars, that is 24.8% of total imports.
The largest share in total exports during the considered period of 2017, belongs to the following countries: Romania (24.9%), followed by the Russian Federation with a share of 10.87%, Italy (9.82%), Germany (6 78%), the United Kingdom of Great Britain and Northern Ireland (5.67%), Poland 4.27%, Belarus (4.57%) and Turkey with a share of 4.01%.
Of the total exports, domestic goods exports accounted for 67%i.e. about 1.47 billion dollars, an increase of 21% compared with January-November 2016. Re-export of foreign goods (33% of total exports) amounted to 723.7 million dollars, which is 13.4% more compared with January-November 2016.
The biggest impact on export growth rendered the export of machinery, electrical appliances and their parts, which increased by 37.1% compared to the same period of 2016. Also, in 2017, exports increased:
- fruits and vegetables - by 46.6%,
- oilseeds and fruits - by 17.4%,
- grain and grain preparations - by 15.6%,
- clothes and accessories - by 13.9%,
- beverages - by 13.3%, etc.
Import growth was due to an increase in domestic demand due to a real wage increase, an increase in remittances from abroad and an increase in the national currency rate.
- oil, oil products and related products - by 28.8%,
- electricity - 213.8 times,
- electrical machines and devices and parts for them - by 19.2%,
- medicinal and pharmaceutical products - by 24.5%,
- road vehicles - by 20.4%, etc.
In the same time, decreased imports gas and industrial products derived from gas (-12.4%).
During January-November 2017 individuals imported goods and products in the amount of 228.9 million dollars, which is 3 times more than the same period in 2016. The increase was mainly due to an increase in car imports (3.5 times), which accounted for 90.2% of imports, carried out by individuals.
Exports of land products increased by $ 4 billion
According to the State Statistics Service of Ukraine, the export of products of the land branch in 2016 amounted to $ 15.2 billion, which is $ 4 billion more than in 2015. The fate of agricultural products in total state exports accounted for 42%. A greater rise in exports was observed in the external supply of fats and oils of animal or vegetable origin - a 20% increase compared with the previous period. The absolute figure in this category was almost 4 billion dollars. Most of all, in terms of currency, vegetable products were exported - by more than $ 8 billion, and exports of grain crops amounted to $ 6 billion.
Apart from this, in 2016 it was delivered abroad food products for 2.45 billion dollars and live animals with animal products for 0.78 billion dollars. Over the same period, land products worth 3.89 billion dollars were imported to Ukraine, which is 0.59 billion dollars more than in 2015. In particular, it was imported:
- Live animals and animal products worth $ 0.62 billion,
- Plant products worth $ 1.3 billion,
- Fats and oils of animal or vegetable origin at $ 0.25 billion,
- Prepared food for 1.7 billion dollars.
As a result, in 2016, a positive foreign trade balance was generated for goods in the agricultural branch of 11.4 billion dollars.
Vladimir Putin: By 2024, exports should increase to $ 250 billion
Recently, Russian President Vladimir Putin issued a decree according to which the future government of our country should work out measures to increase exports by 2024. And, as I personally think, an increase in exports of non-commodity and agricultural products is a rather ambitious and important goal. After all, thanks to the decree of Vladimir Vladimirovich, domestic products will become more competitive and will provide Russian producers with access to the world market. Also, it should be understood that this initiative of the head of state will lead the Russian economy to a new level of financial independence.
Thus, according to Vladimir Putin’s plan, exports of non-commodity products, which increased by 20% over the past year, should increase in monetary terms from 130 billion to 250 billion dollars. Moreover, even now, after only the first quarter of 2018, the supply of domestic passenger cars increased by 16.2%. But in general, non-commodity exports from our country in the first months of 2018 grew by almost a third.
Also, according to the presidential decree, by 2024, exports of agricultural products should grow to $ 45 billion. And according to the latest data of the Ministry of Agriculture for 2017, exports of poultry, beef and pork increased 1.4 times. Moreover, according to experts, Russia will soon be able to compete with the United States in the Chinese market. Moreover, it should be remembered that our country is already the largest supplier of wheat. In the past few years alone, Russian grain exports have grown by 44%.
In conclusion, it should be said that by issuing this decree, the Russian leader set the course for the development of Russia for the next six years. And there is no doubt that the future government, with all care and diligence, will approach the fulfillment of the tasks assigned to him by Vladimir Putin. After all, increasing the competitiveness of Russian products and increasing exports abroad is now a priority for us. This step will not only increase the demand for goods from Russia on the world market, but also make our country even more invulnerable to Western sanctions, strengthening the position of the Russian Federation in the foreign arena.
Comment. US agricultural exports grew by 8% to $ 140.5 billion.
Agricultural exports from the United States in the current fiscal year 2017 (considered from September 2016 to September 2017) increased immediately by 8% and reached 140.5 billion dollars.
According to the US Department of Agriculture, this is the third largest volume of agricultural exports for the entire history of the country.
On an annualized basis, the increase in the positive balance in the food trade also turned out to be a record - 21.3 billion dollars. It was for this amount that more food was sold than that purchased abroad. A year ago, this figure was 16.6 billion. In other words, it grew by a third.
In the official report of the Ministry of Agriculture, it is noted that American agriculture is 20% dependent on exports. This is also noted by Minister S. Pardew. Therefore, the opening of new markets is of great importance for American farmers, as well as the elimination of trade barriers.
Judging by the statistics, this the United States succeeded.
This is how the trading partners of US food exporters are distributed according to importance.
The main buyer, as expected, is China. He purchased American food for $ 22 billion. Canada is in second place - 20.4 billion. Then comes Mexico with 18.6 billion.
Then Japan ranked first in the top ten, which purchased food for $ 11.8 billion (an increase of 12%), EU countries - purchases amounted to 11.6 billion, South Korea - 6.9 billion, Hong Kong - 4 billion, Taiwan - 3. 4 billion, Indonesia - 3 billion, Philippines - 2.6 billion
It is easy to see that the main stream of American food is heading for Asia. Cargo shipments totaled 159 million tons (an increase of 11%). In terms of value, this is 51.4 billion, 16% more than a year ago.
The commodity group most of all exported soybeans - 60 million tons and worth $ 24 billion. Also increased the supply of corn, wheat and cotton. Wheat, for example, was sent up 21% more, worth $ 6.2 billion, and corn - $ 9.7 billion, or 6% more. But there was an increase in other product groups. Thus, the supply of dairy products increased by 17%, beef - by 16% and pork by 14%. In monetary terms, these are 5.3, 7.1, and 6.4 billion dollars, respectively.
Author: Nikolay KHUDYAKOV, “Peasant Vedomosti”