Malta recorded a trade deficit of 139429 EUR Thousand in April of 2020.

Balance of Trade in Malta averaged -129359.49 EUR Thousand from 1996 until 2020, reaching an all time high of -7900 EUR Thousand in December of 2002 and a record low of -738900 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 July of 2020. source: National Statistics Office, Malta

Balance of Trade in Malta is expected to be -334000.00 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 -111300.00 in 12 months time. In the long-term, the Malta Balance of Trade is projected to trend around -131300.00 EUR Thousand in 2021, according to our econometric models.

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Malta Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-139429.00 -177398.00 -7900.00 -738900.00 1996 - 2020 EUR Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-11 10:00 AM Jan €-294.3M €-58.7M
2020-04-09 09:00 AM Feb €-134.2M €-294.3M €-325M
2020-05-11 09:00 AM Mar €-177.4M €-134.2M € -150M
2020-06-10 09:00 AM Apr €-139.4M €-177.4M € -150M
2020-07-10 09:00 AM May €-139.4M
2020-08-10 09:00 AM Jun € -334M
2020-09-10 09:00 AM Jul
2020-10-09 09:00 AM Aug


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.
2020-05-11
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).
2020-03-11
Malta Posts Smallest Trade Gap in Over 4 Years
The trade deficit in Malta narrowed to EUR 58.7 million in December 2019 from EUR 95.0 million in the corresponding month of the previous year. It was the smallest trade gap since October 2015, as exports rose 11 percent to EUR 374.6 million, boosted by higher sales of chemicals (57.4 percent); machinery & transport equipment (22.5 percent) and mineral fuels, lubricants & related materials (18.9 percent). Imports went up 0.2 percent to EUR 433.3 million, driven by purchases of mineral fuels, lubricants & related materials (19.5 percent) and semi-manufactured goods (29.6 percent). Considering 2019 as a whole, the country’s trade shortfall widened to EUR 3,706.7 million from EUR 2,838.5 million in 2018, as imports jumped 16.6 percent and exports increased 5 percent.
2020-02-11
Malta Posts Smallest Trade Gap in Nearly a Year
The trade deficit in Malta narrowed to EUR 131.4 million in November 2019 from EUR 241.5 million in the same month a year earlier. It was the smallest trade gap since December 2018, as exports surged 23.8 percent to EUR 325.7 million, boosted by sales of chemicals (107.3 percent) and miscellaneous manufactured articles (40.5 percent). Imports decreased 9.4 percent to EUR 457 million, mainly due to lower purchases of machinery & transport equipment (-28.8 percent) and food (-10.3 percent). Year-to-date, the country's trade deficit widened to EUR 3,661.2 million from EUR 2,847.5 million in the same period of 2018, as exports and imports grew 6.4 percent and 17.2 percent, respectively.
2020-01-09

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.