Malta recorded a trade deficit of 101500 EUR Thousand in December of 2020. source: National Statistics Office, Malta

Balance of Trade in Malta averaged -130250.75 EUR Thousand from 1996 until 2020, reaching an all time high of -7900 EUR Thousand in December of 2002 and a record low of -738927 EUR Thousand in March of 2019. This page provides - Malta Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Balance of Trade in Malta is expected to be -111300.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Malta to stand at -131300.00 in 12 months time. In the long-term, the Malta Balance of Trade is projected to trend around -131300.00 EUR Thousand in 2022, according to our econometric models.

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Malta Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-101500.00 -38400.00 -7900.00 -738927.00 1996 - 2020 EUR Thousand Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 10:00 AM Sep €-131.8M €-139.5M € -334M
2020-12-10 10:00 AM Oct €-84.2M €-131.8M € -200M
2021-01-11 10:00 AM Nov €-38.4M €-84.2M
2021-02-09 10:00 AM Dec €-101.5M €-38.4M
2021-03-11 10:00 AM Jan €-101.5M
2021-04-09 09:00 AM Feb
2021-05-11 09:00 AM Mar
2021-06-10 09:00 AM Apr

News Stream
Malta Trade Gap Shrinks Sharply in March
The trade deficit in Malta narrowed sharply to EUR 177.4 million in March of 2020 from EUR 738.9 million in the corresponding month of the previous year, as imports slipped 59.5 percent to EUR 423.2 million while exports fell at a softer 19.9 percent to EUR 245.8 million. Considering the first quarter of 2020, the country’s trade gap shrank to EUR 627.8 million from EUR 1,288.7 million in the same period of 2019, with exports decreasing 3.2 percent and imports tumbling 32.1 percent.
Malta Trade Gap Widens 53.4% YoY in January
The trade deficit in Malta rose to EUR 294.3 million in January of 2020 from EUR 191.9 million in the corresponding month of the previous year. Imports soared 19.5 percent year-on-year to EUR 566.7 million, amid higher purchases of mineral fuels, lubricants and related materials (65.6 percent) and machinery and transport equipment (30.5), partly outweighed by decreases in chemicals (-22 percent) and semi-manufactured goods (-18.2 percent). On the other hand, exports declined 3.5 percent to EUR 272.4 million, primarily due to lower shipments of food (-70 percent) and semi-manufactured goods (-50 percent). Meanwhile, main increases were seen in sales of machinery & transport equipment (11.9 percent) and miscellaneous manufactured articles (17.7 percent).

Malta Balance of Trade
Malta enjoys a favorable geographic position and large deposits of limestone, which contribute to the strength its export sector. As an island, Malta produces only around 20% of its food necessities, has limited access to fresh water and lacks energy sources. Due to this mix of factors, the economy of Malta is very dependent on foreign trade. Malta mostly exports electrical machinery, mechanical appliances, fish and crustaceans, pharmaceutical producuts and printed material. On the other hand, Malta is a net importer of mineral fuels and oils, non-electrical machinery, aircraft and other transport equipment, plastic and other semi-manufactured goods, food, drink and tobacco. Malta adopted the Euro in 2008, highlighting the status of the European Union as its most important trading partner, having vast trade flows specifically with Italy, the United Kingdom, Germany and France.