Service exports, a key driver of the economy, in Republic of Moldova reached a record $3.2 billion
The economy of the Republic of Moldova is increasingly bolstered by service exports, which reached a record high of over $3.2 billion in 2025. These exports are becoming the primary driver of growth, according to an analysis presented by expert Veaceslav Ioniță from IDIS "Viitorul."
According to the analysis, in 2025, services exports exceeded $3.22 billion, which is roughly 2.5 times higher than in 2020. This growth confirms a trend of accelerated expansion in the sector, with an average annual growth rate of about 20% over the past five years. "For the first time, the trade balance in services is positive by over $1 billion, meaning that this sector directly contributes to reducing the trade deficit caused by goods," the expert emphasized.
Data indicates that total exports from the Republic of Moldova reached approximately $7 billion, with services accounting for about 46% of this total. In one quarter of 2025, services exports even surpassed goods exports—this marks a milestone for the national economy. "Services, particularly intellectual ones, generate value without consuming physical resources, allowing human capital to remain in the country and develop," explained Veaceslav Ioniță.
The primary contributors to service exports include tourism and travel services (around $1.1 billion), information technology (approximately $840 million), transportation (about $620 million), and business services (over $350 million). The IT sector has grown more than 20 times over the last 15 years, becoming one of the pillars of the economy.
Additionally, the analysis reveals rapid developments in emerging sectors such as health services, education, and construction. Medical services exports have reached about $85 million, with an estimated potential of up to $1.5 billion. However, the expert points out that goods exports remain vulnerable, experiencing declines in recent years.
"The Republic of Moldova must not choose between goods and services; we need both. Growth must be balanced to ensure long-term economic stability," declared Veaceslav Ioniță.
Furthermore, the gap between exports of goods and services has significantly narrowed, from over $2 billion in 2022 to around $500 million today. This trend could lead to their equalization in the coming years.
"The performance of service exports confirms the Republic of Moldova's potential to evolve into a knowledge and innovation-based economy. The consistent growth, positive trade balance, and diversification of sectors indicate a favorable direction that, however, requires coherent policies to support all economic sectors," concluded the economist.
