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Provisional figures for registered trade in goods in Malta recorded a deficit of €238.1 million during February 2022, compared to a deficit of €110.7 million in the corresponding month of 2021.

Total Trade in Goods: February 2022

Data in this news release presents all international trade in goods registered up to the indicated cut-off date. Provisional data recorded a total trade in goods deficit of €238.1 million during February, compared to a deficit of €110.7 million in the corresponding month of 2021. Imports amounted to €535.5 million, while exports totalled €297.4 million. This represents an increase of €159.8 million and €32.3 million, respectively, over the same month of the previous year . The rise in the value of imports was primarily due to Machinery and transport equipment (€64.5 million), and Mineral fuels, lubricants and related materials (€48.0 million). On the exports side, the main increases were registered in Miscellaneous manufactured articles (€10.8 million), Semi-manufactured goods (€9.7 million), and Chemicals (€8.5 million).

Total Trade in Goods: January-February 2022

During the first two months of the year, the total trade in goods deficit widened by €223.1 million when compared to the corresponding period of 2021, reaching €433.0 million. Imports and exports increased by €312.9 million and €89.8 million, respectively, amounting to €1,065.2 million and €632.1 million. Higher imports were mainly recorded in Mineral fuels, lubricants and related materials (€144.8 million), Chemicals (€56.9 million), and Machinery and transport equipment (€49.3 million). On the exports side, Mineral fuels, lubricants and related materials (€63.3 million), and Food (€32.1 million) accounted for the main increases, partly offset by a decrease in Machinery and transport equipment (€48.9 million).

Goods were imported mainly from the European Union (52.1 per cent) and Asia (23.3 per cent). Similarly, exports were mostly directed to the European Union (25.4 per cent) and Asia (18.2 per cent). The main increase and decrease in imports were registered from Italy (€87.5 million) and France (€55.1 million), respectively. With respect to exports, the main increase was directed to the United Kingdom (€37.5 million), whereas France reported the highest decrease (€31.1 million).

Trade in Goods excluding specific chapters: February 2022

In February, the deficit of trade in goods excluding specific chapters amounted to €115.5 million, compared to a deficit of €81.1 million recorded in the same month of 2021. Imports and exports amounted to €324.9 million and €209.3 million, respectively, thus increasing by 23.7 per cent and 15.2 per cent over the corresponding month of the previous year.

Trade in Goods excluding specific chapters: January-February 2022

During the first two months of 2022, the deficit of trade in goods excluding specific chapters widened by €102.9 million when compared to the same period of 2021, reaching €236.6 million. Both imports and exports increased by 32.4 per cent and 16.1 per cent, respectively, and amounted to €662.6 million and €426.0 million.

ARTICLE WRITTEN BY NSO

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