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STATISTICS MALTA

International Trade in Goods: March 2023

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International Trade in Goods March 2023

  • In March 2023 Malta registered a trade deficit of 188.3m.
  • For March 2023, Imports decreased by €50.3m and Exports decreased by €1.5m.
  • In the first three months of 2023, Malta’s trade imports from the EU reached €925.6m (51.6% of total imports).
  • Imports (January to March) – main increase from the United Kingdom €70.3m and main decrease from Israel €24.1m.
  • Exports (January to March) – main increase to Germany €118.9m and main decrease to France €66.8m.

 Total Trade in Goods: March 2023

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 €188.3 million during March, compared to a deficit of €237.1 million in the corresponding month of 2022. Imports amounted to €537.5 million, while exports totalled €349.2 million. This represents declines in both imports and exports of €50.3 million and €1.5 million, respectively, over the same month of the previous year (Table 1). The main decrease in value of imports was primarily due to Machinery and transport equipment (€79.1 million), partly offset by increases in Food (€20.2 million), and Mineral fuels, lubricants and related materials (€13.8 million). On the exports side, the main decreases were registered in Mineral fuels, lubricants and related materials (€24.4 million), and Chemicals (€15.2 million), partly offset by increases in Food (€20.7 million), and Miscellaneous manufactured articles (€15.1 million) (Table 3).

Total Trade in Goods: January-March 2023

During the first three months of the year, the total trade in goods deficit widened by €106.8 million when compared to the corresponding period of 2022, reaching €722.4 million. Imports increased by €89.1 million, while exports declined by €17.7 million, amounting to €1,794.6 million and €1,072.2 million, respectively (Table 1). Higher imports were mainly recorded in Food (€37.8 million), Miscellaneous manufactured articles (€17.1 million) and Chemicals (€17.0 million). On the exports side, the main decreases were registered in Chemicals (€43.8 million), and Mineral fuels, lubricants and related materials (€36.8 million), partly offset by an increase in Machinery and transport equipment (€50.9 million) (Table 3).

Chart 1. International Trade in Goods: Quarterly

Goods were imported mainly from the European Union (51.6 per cent) and Asia (22.9 per cent). Similarly, exports were mostly directed to the European Union (35.7 per cent) and Asia (16.8 per cent). The main increase in imports was registered from the United Kingdom (€70.3 million), whereas the biggest drop in imports was recorded from Israel (€24.1 million), respectively. Exports to Germany saw the highest increase (€118.9 million), while those to France experienced the largest decrease (€66.8 million) (Table 4).

Trade in Goods excluding specific chapters1: March 2023

In March, the deficit of trade in goods excluding specific chapters amounted to €145.5 million, compared to a deficit of €142.6 million recorded in the same month of 2022. Imports and exports amounted to €401.4 million and €255.9 million, respectively, thus representing increases of 7.3 per cent and 10.5 per cent over the corresponding month of the previous year (Table 1).

Trade in Goods excluding specific chapters1: January-March 2023

During the first three months of 2023, the deficit of trade in goods excluding specific chapters widened by €121.2 million when compared to the same period of 2022, reaching €490.6 million. Both imports (€1,221.4 million) and exports (€730.8 million) increased by 13.4 per cent and 3.2 per cent, respectively (Table 1).

 

 

 

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