Tweet

Whatsapp

Provisional figures show, that, during July 2023, registered trade in goods in Malta recorded a deficit of €410.7 million as opposed to a deficit of €817.3 million in the corresponding month of 2022.

Total Trade in Goods: July 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 €410.7 million during July, compared to a deficit of €817.3 million in the corresponding month of 2022. Imports amounted to €775.3 million, while exports totaled €364.6 million, representing declines in both imports and exports of €412.3 million and €5.6 million, respectively, over the same month of the previous year. The main decreases in imports were primarily due to Machinery and transport equipment (€319.1 million), and Mineral fuels, lubricants, and related materials (€79.5 million). On the exports side, the main decrease was registered in Mineral fuels, lubricants, and related materials (€68.7 million), which was partly offset by an increase in Machinery and transport equipment (€69.8 million).

Total Trade in Goods: January-July 2023

During the first seven months of the year, the total trade in goods deficit narrowed by €537.0 million when compared to the corresponding period of 2022, reaching €2,288.1 million. Imports stood at €4,755.1 million whereas exports reached €2,467.1 million, representing decreases of €561.3 million and €24.2 million, respectively. Lower imports were mainly recorded in Machinery and transport equipment (€386.6 million), Mineral fuels, lubricants, and related materials (€238.8 million), and Chemicals (€35.6 million), partly offset by increases in Food (€48.1 million), and Miscellaneous manufactured articles (€40.1 million). On the exports side, the main decrease was registered in Mineral fuels, lubricants and related materials (€167.6 million). This was partly offset by an increase in Machinery and transport equipment (€158.3 million).

Goods were imported mainly from the European Union (51.5 per cent) and Asia (21.1 per cent). Similarly, exports were mostly directed to the European Union (39.1 per cent) and Asia (14.6 per cent). From the top import countries in the month under review, the highest increase in imports was recorded from the United Kingdom (€134.4 million), while imports from Italy registered the largest drop (€142.8 million). Exports to Germany registered the highest increase (€261.5 million), while those to France experienced the largest drop (€155.3 million).

Trade in Goods excluding specific chapters: July 2023

In July, the deficit of trade in goods excluding specific chapters amounted to €243.7 million, almost at par with that recorded in the same month of 2022. Imports and exports amounted to €458.2 million and €214.5 million, respectively, representing increases of 1.6 per cent and 3.4 per cent over the corresponding month of the previous year.

Trade in Goods excluding specific chapters: January-July 2023

During the first seven months of 2023, the deficit of trade in goods excluding specific chapters widened by €172.3 million when compared to the same period of 2022, reaching €1,375.7 million. Imports and exports increased by 9.1 per cent and 5.1 per cent, respectively, reaching €3,027.1 million and €1,651.4 million.

ARTICLE WRITTEN BY NSO

FOLLOW THE UPDATES ON NSO