This article covers trade between India and Moldova, the goods exchanged, trade delegations and fairs, business agreements, and Indian involvement in infrastructure projects in Moldova. All facts and figures are drawn from the Ministry of External Affairs (MEA) bilateral brief of May 2026.

Trade figures

According to the MEA brief of May 2026, which cites Department of Commerce, Govt. of India statistics, India-Moldova trade in US$ million was as follows:

  • 2019-20: export 7.61, import 0.39, total bilateral trade 8, trade surplus 7.22
  • 2020-21: export 11.58, import 0.22, total bilateral trade 11.8, trade surplus 11.36
  • 2021-22: export 9.03, import 1.00, total bilateral trade 10.03, trade surplus 8.03
  • 2022-23: export 11.99, import 3.93, total bilateral trade 15.92, trade surplus 8.06
  • 2023-24: export 12.51, import 4.24, total bilateral trade 16.75, trade surplus 8.27
  • 2024-25: export 10.39, import 1.20, total bilateral trade 11.59, trade surplus 9.19
  • 2025-26: export 10.86, import 0.31, total bilateral trade 11.17, trade surplus 10.55

Goods traded

India's major exports to Moldova include drugs and pharmaceutical products, engineering goods, ceramic products and glassware, and organic and inorganic chemicals.

Main Indian imports from Moldova include animal or vegetable fats and oils and their cleavage products, prepared edible fats, animal or vegetable waxes, cereals, and optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus, with their parts and accessories. The brief notes that Moldova has recently started exporting apples and would like to export wine and plums.

Trade delegations and fairs

The brief records visits by commercial delegations from both sides:

  • A 7-member delegation from the Moldovan Chamber of Commerce and Industry took part in the India International Trade Fair in New Delhi in 2004.
  • Three pharma delegations led by PHARMEXCIL visited Moldova in 2010, 2012 and 2016.
  • An ICC delegation of 28 Indian companies took part in the Fashion Expo in Chisinau in October 2018.
  • A PHD Chamber of Commerce delegation from India visited Moldova in September 2019.
  • A four-member Moldovan delegation attended the 11th International Silk Fair in July 2022.
  • A two-member delegation from Invest Moldova took part in the 3rd Edition of the International SME Convention 2023 in New Delhi.
  • Five companies from Moldova took part in the UP International Trade Show in Greater Noida from September 21-25, 2023.
  • Two companies from Moldova took part in the 6th Global Exhibition on Services (GES) at the India Expo Center and Mart, Greater Noida, from November 14-16, 2023.

An India-Moldova Trade Forum was held in hybrid mode on 17 November 2022, in collaboration with the Federation of Indian Export Organizations (FIEO), the Organization for the Development of Entrepreneurship (ODE), Moldova, and the Light Industry Employers' Association from the Republic of Moldova (APIUS). More than 60 Indian and Moldovan businessmen from textile, leather and related industries took part.

Business agreements

During the visit of the Moldovan Deputy Prime Minister and Foreign Minister in December 2024, an India Moldova Business Roundtable was organised. CII and the Invest Moldova Agency signed an MoU at the roundtable, which the brief says was intended to deepen economic ties between the two countries.

Infrastructure projects

In December 2021, KEC International, a part of the Indian RPG concern, won the tender to construct the 400 kv Overhead Power Transmission Line on the Vulcanesti-Chisinau route. Power Grid Corporation of India Ltd. was selected as consultancy partner for the project. The brief says the work is nearly completed and awaiting final testing and commissioning.

According to the brief, Indian companies have recently shown considerable interest in infrastructure projects in Moldova. One company is preparing a bid for the construction, generation and storage of 170 MW of wind energy capacity. Several other infrastructure firms have submitted Letters of Intent (LOIs) for the construction of an electrified railway line and highways linking Iași in Romania to Chișinău, Moldova, and for the modernisation of ports and airports.

The brief states that the Prime Minister of Moldova has expressed appreciation for the competence of Indian companies and welcomed their participation in these infrastructure initiatives.