EVOLUTION OF MOLDOVAN FOREIGN TRADE IN THE CONTEXT OF EUROPEAN INTEGRATION
EVOLUTION OF MOLDOVAN FOREIGN TRADE IN THE CONTEXT OF EUROPEAN INTEGRATION

Summary/Abstract: This study presents the analysis of the Moldova's foreign trade evolution with the European Union for the period 2017-2023. The purpose of this study is to analyse the trends of the Moldova's foreign trade during this period and to reveal the place of the Republic of Moldova between the EU-countries and to elaborate the forecast of external trade for the current year. The study is based on the statistical data from the National Bureau of Statistics and also, the data from international databases, including database of Comtrade (www.comtrade.com). The following research methods were used: analysis of relevant documents and publications, analysis of the statistical data, synthesis, logical, modeling, econometric analysis. Informational support includes specialized publications from this domein. Econometric modeling of the external sector was applied for the forecasting. This forecast is the essential tool for government, business and researchers. The main conclusion is that efforts should be made to diversify the export base to reduce dependence on a few products or markets. This will help stabilize export revenues and mitigate the impact of external shocks.

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