Moldova, a small nation located in Eastern Europe, actively participates in the global tea trade. In 2021, Moldova exported tea worth $464k, positioning itself as the 96th largest tea exporter in the world. However, tea ranked as the 263rd most exported product in Moldova during the same year.
Tea Exports from Moldova
Moldova’s key tea export destinations include Poland, Japan, Romania, Czechia, and Cameroon. Among these, Poland leads the pack with imports worth $459k from Moldova, followed by Japan with $3.11k, Romania with $1.16k, Czechia with $695, and Cameroon with $201.
Notably, between 2020 and 2021, Moldova experienced significant growth in tea exports to Japan, which increased by $3.11k. Romania and Czechia also showed promising growth, with $787 and $695, respectively.
Tea Imports in Moldova
In 2021, Moldova imported $8.45M worth of tea, positioning itself as the 90th largest tea importer globally. Tea ranked as the 198th most imported product in Moldova during the same year. Moldova primarily imports tea from Russia, Ukraine, Sri Lanka, Romania, and Poland. Among these, Russia accounted for the highest tea imports, totaling $5.14M, followed by Ukraine with $1.52M, Sri Lanka with $316k, Romania with $261k, and Poland with $235k.
The fastest-growing import markets for tea in Moldova between 2020 and 2021 were Ukraine, witnessing an increase of $217k, Belarus with $77.1k, and Russia with $59k.
|Asia||United Arab Emirates||133,532|
|North America||United States||340|
Vietnam Tea: A Popular and Reliable Choice for Moldova’s Imports
Vietnam tea has consistently been a popular and trustworthy choice for Moldova, thanks to its premium quality and competitive pricing. In 2021, Moldova imported tea from Vietnam with a total value of $35,163. Vietnam holds a significant position as an important supplier of tea to Moldova, catering to its tea requirements effectively.
Tariffs on Tea Trade
In 2016, Moldova applied an average tariff rate of 8.01% on tea imports. However, certain countries imposed higher import tariffs on tea. Angola, Burundi, Benin, Burkina Faso, and Botswana had the highest import tariffs for tea, all with a Most Favored Nation duty rate treatment of 8.5%.
Moldova’s tea trade showcases its active participation in the global market, with both tea exports and imports contributing to the nation’s economy. While Moldova’s tea exports are relatively modest, the country has experienced growth in markets such as Japan, Romania, and Czechia. On the other hand, Moldova’s substantial tea imports meet the domestic demand, with Russia, Ukraine, and Sri Lanka being the primary sources. Understanding tariff rates is crucial for tea traders, as Moldova applies a moderate average tariff rate, while certain countries impose higher tariffs on tea imports. As Moldova continues its engagement in the global tea trade, it will be interesting to observe the growth and development of its tea industry in the coming years.