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STATISTICS MALTA

MALTA: INTERNATIONAL TRADE IN GOODS MAY 2023

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MALTA INTERNATIONAL TRADE IN GOODS MAY 2023Provisional figures for registered trade in goods in Malta recorded a deficit of €334.1 million during May 2023, compared to a deficit of €468.5 million in the corresponding month of 2022.

Total Trade in Goods: May 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 €334.1 million during May, compared to a deficit of €468.5 million in the corresponding month of 2022. Imports amounted to €693.9 million, while exports totalled €359.7 million. This represents a decline of €127.8 million in imports and an increase of €6.4 million in exports over the same month of the previous year. The main decrease in imports was primarily due to Machinery and transport equipment (€103.8 million), while on the exports side, the main increases were registered in Mineral fuels, lubricants and related materials (€9.8 million), Miscellaneous manufactured articles (€9.4 million), and Machinery and transport equipment (€3.6 million), partly offset by a decrease in Chemicals (€16.5 million).

Total Trade in Goods: January-May 2023

During the first five months of the year, the total trade in goods deficit widened by €61.3 million when compared to the corresponding period of 2022, reaching €1,509.7 million. Imports increased by €40.8 million, while exports declined by €20.5 million, amounting to €3,261.7 million and €1,752.0 million, respectively. Higher imports were mainly recorded in Miscellaneous manufactured articles (€31.2 million), Food (€26.1 million), and Semi-manufactured goods (€16.5 million), partly offset by a decrease in Chemicals (€37.3 million). On the exports side, the main decreases were registered in Mineral fuels, lubricants and related materials (€54.6 million), and Chemicals (€42.8 million), partly offset by increases in Machinery and transport equipment (€57.2 million), and Miscellaneous manufactured articles (€24.1 million).

Goods were imported mainly from the European Union (49.5 per cent) and Asia (21.3 per cent). Similarly, exports were mostly directed to the European Union (36.7 per cent) and Asia (15.2 per cent). The main increase in imports was recorded from the United Kingdom (€136.7 million), whereas the largest drop was registered from Canada (€111.6 million). Exports to Germany saw the highest increase (€190.3 million), while those to France experienced the largest decrease (€118.0 million).

Trade in Goods excluding specific chapters: May 2023

In May, the deficit of trade in goods excluding specific chapters amounted to €191.9 million, compared to a deficit of €221.3 million recorded in the same month of 2022. At €426.6 million, imports decreased by 6.0 per cent, while exports dropped by 0.8 per cent reaching €234.6 million, when compared to the corresponding month of the previous year.

Trade in Goods excluding specific chapters: January-May 2023

During the first five months of 2023, the deficit of trade in goods excluding specific chapters widened by €105.3 million when compared to the same period of 2022, reaching €861.7 million. Imports and exports increased by 7.8 per cent and 3.8 per cent, respectively, and amounted to €2,058.7 million and €1,197.0 million.

 

 

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