The trade deficit in Malta fell to EUR 188.3 million in March 2023 from EUR 237.1 million in the corresponding month of the previous year. It was the smallest trade gap since January 2022, as imports shrank by 8.6% from a year earlier to EUR 537.5 million, mainly prompted by the decline in purchases of machinery & transport equipment (-36.7%), crude materials (-25.4%) and animal & vegetable oils & fats (-10.3%). Also, exports decreased by 0.4% to EUR 349.2 million, as sales dropped for animal & vegetable oils & fats (-98.5%), chemicals (-30.9%), mineral fuels, lubricants & related materials (-21.8%) and semi-manufactured goods (-19.6%). Considering the first three months of the year, the country’s trade deficit widened to EUR 722.4 million from EUR 615.6 million in the same period a year ago. source: National Statistics Office, Malta

Balance of Trade in Malta averaged -145878.47 EUR Thousand from 1996 until 2023, reaching an all time high of 977.00 EUR Thousand in November of 2020 and a record low of -811318.00 EUR Thousand in July of 2022. 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 June of 2023.

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Malta Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-10 09:00 AM Feb €-257.5M €-250.5M
2023-05-10 09:00 AM Mar €-188.3M €-257.5M € -131.3M
2023-06-09 09:00 AM Apr €-188.3M €-265.0M


Related Last Previous Unit Reference
Balance of Trade -188292.00 -257527.00 EUR Thousand Mar 2023
Imports 537492.00 583121.00 EUR Thousand Mar 2023
Exports 349200.00 325594.00 EUR Thousand Mar 2023
Tourist Arrivals 266798.00 174382.00 Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-188292.00 -257527.00 977.00 -811318.00 1996 - 2023 EUR Thousand Monthly

News Stream
Malta Trade Deficit Smallest in 14 Months
The trade deficit in Malta fell to EUR 188.3 million in March 2023 from EUR 237.1 million in the corresponding month of the previous year. It was the smallest trade gap since January 2022, as imports shrank by 8.6% from a year earlier to EUR 537.5 million, mainly prompted by the decline in purchases of machinery & transport equipment (-36.7%), crude materials (-25.4%) and animal & vegetable oils & fats (-10.3%). Also, exports decreased by 0.4% to EUR 349.2 million, as sales dropped for animal & vegetable oils & fats (-98.5%), chemicals (-30.9%), mineral fuels, lubricants & related materials (-21.8%) and semi-manufactured goods (-19.6%). Considering the first three months of the year, the country’s trade deficit widened to EUR 722.4 million from EUR 615.6 million in the same period a year ago.
2023-05-10
Malta Trade Gap Widens in February
The trade deficit in Malta widened to EUR 257.5 million in February 2023 from EUR 205.9 million in the same month last year. Exports fell by 10.5% year-on-year to EUR 325.6 million, due to the decrease in sales for semi-manufactured goods (-53.2%), chemicals (-45.1%), miscellaneous manufactured articles (-12.6%) and mineral fuels, lubricants & related materials (-7.9%). On the other hand, imports grew by 2.4% to EUR 583.1 million, driven by higher purchases of food (22.9%), chemicals (16.8%), miscellaneous manufactured articles (12.4%) and beverages & tobacco (9.5%). Considering the first two months of the year, the trade deficit increased to EUR 537.1 million from EUR 379.1 million in the same period of the previous year.
2023-04-10
Malta Trade Deficit Widens in December
The trade deficit in Malta widened to EUR 406.1 million in December of 2022 from EUR 286.2 million in the same month of the previous year. Exports advanced by 9.3% to EUR 352.7 million, boosted by higher sales of semi-manufactured goods (117.8%) and machinery & transport equipment (30.6%). At the same time, imports rose by 24.6% to EUR 758.8 million, driven by purchases of mineral fuels, lubricants & related materials (111.8%) and food (24.5%). Considering full 2022, the trade deficit widened to EUR 4,753.2 million from EUR 3,119.3 million in 2021, with exports surged by 26.4 percent while imports jumped at a faster 38.7 percent.
2023-02-09