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STATISTICS MALTA

Malta: Deficit drops to €318.1 million

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Malta Deficit drops to 318.1 millionProvisional figures show, that, during October 2023, registered trade in goods in Malta recorded a deficit of €318.1 million as opposed to a deficit of €343.9 million in the corresponding month of 2022.
 

Total Trade in Goods: October 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 €318.1 million during October, compared to a deficit of €343.9 million in the corresponding month of 2022. Imports amounted to €724.0 million, while exports totalled €405.9 million, representing drops over the same month of the previous year in both imports and exports of €126.4 million and €100.5 million, respectively (Table 1). The main decreases in imports were primarily due to Machinery and transport equipment (€105.8 million), and Mineral fuels, lubricants and related materials (€31.7 million), partly offset by an increase in Food (€24.4 million). On the exports side, the main decreases were registered in Mineral fuels, lubricants and related materials (€49.7 million), and Food (€41.7 million)

Total Trade in Goods: January-October 2023

During the first 10 months of the year, the deficit narrowed by €585.4 million when compared to the corresponding period of 2022, reaching €3,483.3 million. Imports stood at €7,129.8 million whereas exports reached €3,646.5 million, representing decreases of €697.8 million and €112.4 million, respectively. Lower imports were mainly recorded in Mineral fuels, lubricants and related materials (€488.5 million), Machinery and transport equipment (€244.6 million), and Chemicals (€78.7 million), partly offset by increases in Food (€61.6 million), and Miscellaneous manufactured articles (€50.2 million). On the exports side, the main decreases were registered in Mineral fuels, lubricants and related materials (€214.1 million), and Chemicals (€44.6 million). These were partly offset by an increase in Machinery and transport equipment (€160.3 million).

Goods were imported mainly from the European Union (54.6 per cent) and Asia (20.3 per cent). Similarly, exports were mostly directed to the European Union (38.0 per cent) and Asia (15.1 per cent). The highest increase in imports was recorded from Germany (€233.3 million), while imports from Italy registered the largest drop (€176.5 million). Exports to Germany registered the highest increase (€313.5 million), while those to France experienced the largest decrease (€172.3 million).

Trade in Goods excluding specific chapters: October 2023

In October, the deficit of trade in goods excluding specific chapters amounted to €189.7 million, compared to a deficit of €122.2 million recorded in the same month of 2022. Imports and exports amounted to €470.0 million and €280.3 million, respectively, thus representing an increase of 5.2 per cent in imports and a decrease of 13.6 per cent in exports over the corresponding month of the previous year.

Trade in Goods excluding specific chapters: January-October 2023

During the first 10 months of 2023, the deficit of trade in goods excluding specific chapters widened by €224.9 million when compared to the same period of 2022, reaching €1,987.9 million. Imports and exports increased by 6.3 per cent and 1.5 per cent, respectively, reaching €4,429.5 million and €2,441.6 million.

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