The National Bank of Moldova published preliminary international accounts data for Q3 2025, reporting a current account deficit of USD 867.12 million, alongside a capital account net inflow of USD 19.73 million and a financial account net inflow of USD 947.18 million. The current account deficit was 1.7% lower than in Q3 2024 and represented 14.3% of GDP, while the combined current and capital accounts implied a net external financing need of USD 847.39 million (13.9% of GDP). The goods trade deficit widened to USD 1,656.48 million as imports rose 10.8% to USD 2,544.08 million and exports increased 26.5% to USD 887.61 million, with export growth driven by shipments to the European Union and by agri-food products. Offsetting balances included a services surplus of USD 267.65 million, up 13.2% year on year, and a secondary income surplus of USD 563.35 million, up 18.4%, while the primary income balance shifted to a deficit of USD 41.64 million. Personal remittances received totalled USD 463.75 million, down 2.9% year on year and equal to 7.6% of GDP. As of 30 September 2025, the net international investment position stood at -USD 7,496.25 million (38.1% of GDP), reflecting external liabilities of USD 15,947.97 million against assets of USD 8,451.71 million. Official reserve assets totalled USD 6,051.58 million, covering 6.2 months of imports and 156.0% of short-term external debt at residual maturity. Gross external debt reached USD 11,600.42 million (58.9% of GDP), up 12.4% over the first nine months of 2025, comprising public external debt of USD 4,867.71 million and private external debt of USD 6,732.71 million.

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