Agricultural company Bobruiskagromash will supply agricultural machinery to Moldova and Armenia within the framework of the aid programme of the Japanese Government, BelTA learnt at the company. The considerable discrepancy in exports and imports in the first five months of this year have led to the accumulation of a balance-of-trade deficit of US$1.281 billion, an increase of 54% (US$448.3 million) compared with the corresponding period last year.Turkey's State Minister Tuzmen Due To Moldova
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Balance-of-trade deficit up over {{50%}}
According to the National Bureau of Statistics, the January-May imports totaled US$1.890 billion USD, while exports only US$608.6 million. The degree of covering imports with exports was 32.2%, a decrease of 4.6% compared with January-May 2007.
Moldova’s negative trade balance with the EU rose by US$179.2 million to US$529.7 million, while with the CIS countries - by US$116.2 million to US$424.5 million.
Moldova had a trade deficit of US$303.7 million with Ukraine, of US$265.9 million with Russia, of US$246.5 million with Romania, of US$144.6 million with Germany, of U$123.5 million with Italy, of US$111.2 million with China, of US$91.1 million with Turkey, of US$78 million with Belarus.
The balance-of-trade deficit in 2007 was US$2.348,1 billion. Experts predict that the deficit this year might reach US$3 billion, value equal to the volume of Moldova’s foreign trade in 2004.