Export of sunflower oil from Moldova in October this year exceeded import by 4.5 times

Published 2024년 11월 20일

Tridge summary

In October 2024, Moldova saw a significant trade activity in sunflower oil, with exports reaching 7.6 thousand tons and imports coming in at 1.7 thousand tons, resulting in a export-to-import ratio of 4.5:1. The country primarily exported crude oil to Romania, Turkey, and Bulgaria, with Luxembourg, Switzerland, and Romania being the main markets for packaged sunflower oil. Ukraine was the dominant supplier of imported packaged sunflower oil, which enjoys a lower price than locally produced oil, despite Moldova's strong position as a raw sunflower oil exporter. The demand for finished sunflower oil products is on the rise, highlighting the need for the country to boost its sunflower oil processing capacity and expand exports of value-added products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In October 2024, Moldova exported 7.6 thousand tons of sunflower oil and imported 1.7 thousand tons. Exports exceeded imports by 4.5 times. Moldova is exporting crude oil to Romania, Turkey and Bulgaria this season. The main volume of production is produced at local enterprises. The export volume of packaged sunflower oil amounted to 927 tons. The main destinations were Luxembourg (61% of the total volume), Switzerland (23%) and Romania (15%). Imports of sunflower oil to Moldova in October 2024 are mainly supplies from Ukraine – 1.4 thousand tons (88% of total imports), followed by Russia – 189 tons and Romania – 11.4 tons. Experts note that this is exclusively packaged sunflower oil. Imported packaged oil has a significant market share, but its price remains lower than that of locally produced oil. Moldova retains its status of a major regional exporter of raw sunflower oil, but lags behind in terms of packaged oil supplies. At the same time, demand for finished products is ...

Source: UkrAgroConsult