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Trade between Moldova and Ukraine

In 2024, Moldova exported $340 million to Ukraine and imported $1.1 billion. Moldova ran a deficit of $794 million with Ukraine, compared with a deficit of $527 million in 2019. Ukraine was Moldova’s 2nd largest trading partner (11% of its trade), and Moldova was Ukraine’s 21st (1%).

Summary

Moldova → Ukraine
$340million
Ukraine → Moldova
$1.1billion
Moldova’s balance
-$794million

Balance

Moldova’s trade balance with Ukraine

Trade between Moldova and Ukraine grew 5.1-fold since 1995

USD billions (current). Moldova’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.3
  • Imports 1.1
  • Balance -0.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$59 million$228 million-$170 million
1996$82 million$298 million-$216 million
1997$74 million$294 million-$220 million
1998$57 million$189 million-$132 million
1999$35 million$121 million-$86 million
2000$42 million$164 million-$123 million
2001$78 million$236 million-$158 million
2002$72 million$272 million-$200 million
2003$71 million$465 million-$394 million
2004$79 million$637 million-$558 million
2005$115 million$650 million-$535 million
2006$153 million$615 million-$463 million
2007$199 million$817 million-$619 million
2008$191 million$1 billion-$809 million
2009$94 million$613 million-$519 million
2010$108 million$652 million-$544 million
2011$199 million$774 million-$575 million
2012$165 million$715 million-$550 million
2013$154 million$787 million-$633 million
2014$119 million$673 million-$554 million
2015$55 million$486 million-$432 million
2016$57 million$444 million-$386 million
2017$105 million$658 million-$553 million
2018$132 million$691 million-$559 million
2019$119 million$647 million-$527 million
2020$100 million$597 million-$497 million
2021$134 million$744 million-$609 million
2022$632 million$898 million-$266 million
2023$608 million$1.1 billion-$513 million
2024$340 million$1.1 billion-$794 million

What they sell each other

What Moldova sells to Ukraine

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$132 million · 38.7%
    123 thousand tonnes · Ukraine’s sources
  2. Electricity$43 million · 12.6%
  3. Spirits$27 million · 8.1%
    17 thousand tonnes
  4. Air conditioners$15 million · 4.3%
    2 thousand tonnes
  5. 200 tonnes · Ukraine’s sources
  6. Trucks$9 million · 2.7%
    549 tonnes
  7. 2 thousand tonnes
  8. 7 thousand tonnes
  9. Steel wire rod$6 million · 1.9%
    10 thousand tonnes
  10. Waste paper$5 million · 1.6%
    29 thousand tonnes

What Ukraine sells to Moldova

The top 10 headings in 2024, with their share of the total.

  1. Natural gas and LPG$224 million · 19.8%
    297 thousand tonnes
  2. 69 thousand tonnes
  3. Sawn wood$37 million · 3.3%
    131 thousand tonnes
  4. Steel bars$37 million · 3.2%
    59 thousand tonnes
  5. Poultry meat$30 million · 2.6%
    17 thousand tonnes
  6. Cables and wire$26 million · 2.3%
    5 thousand tonnes
  7. Particle board and OSB$25 million · 2.2%
    62 thousand tonnes
  8. Bread, biscuits and pastries$22 million · 1.9%
    10 thousand tonnes
  9. Steel structures$22 million · 1.9%
    12 thousand tonnes
  10. Hot-rolled flat steel$21 million · 1.9%
    37 thousand tonnes

How it travels

Moldova and Ukraine traded $1.5 billion in 2024 (both directions together). They trade mostly over land: 100% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Land$1.5 billion · 100%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Ukraine was Moldova’s 2nd largest trading partner (11% of its trade), and Moldova was Ukraine’s 21st (1%).

Ukraine in Moldova’s trade
10.8%
Ukraine’s rank among Moldova’s partners
2nd
Moldova in Ukraine’s trade
1.3%
Moldova’s rank among Ukraine’s partners
21st

Compare with

Other partners of Moldova

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.