The trade deficit in Malta narrowed sharply to EUR 199.0 million in May of 2019 from EUR 329.5 million in the same month of the previous year. Exports edged down 0.1 percent from a year earlier to EUR 238.0 million, mainly due to lower shipments of mineral fuels, lubricants & related materials (-16.4 percent) and machinery & transport equipment (-0.8 percent). This was partly offset by higher sales of chemicals (+38.9 percent) and miscellaneous manufactured articles (+7 percent). Meantime, imports slumped 23 percent to EUR 437 million, as purchases fell for mineral fuels, lubricants & related materials (-17.3 percent); machinery & transport equipment (-35.8 percent); chemicals (-15.7 percent); food (-35 percent) and miscellaneous manufactured articles (-14 percent). Year-to-date, the country's trade gap widened to EUR 1,743.6 million from EUR 1,238.2 million, as imports surged 20.8 percent to EUR 3,041.1 million while exports rose only 1.4 percent to EUR 1,297.5 million. Balance of Trade in Malta averaged -124770.02 EUR Thousand from 1996 until 2019, reaching an all time high of -7900 EUR Thousand in December of 2002 and a record low of -749738 EUR Thousand in March of 2019.

Balance of Trade in Malta is expected to be -188000.00 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 -334000.00 in 12 months time. In the long-term, the Malta Balance of Trade is projected to trend around -131300.00 EUR Thousand in 2020, according to our econometric models.

Malta Balance of Trade
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2019-04-09 09:00 AM Balance of Trade €-341.7M €-182.9M €-189M
2019-05-10 09:00 AM Balance of Trade €-749.7M €-341.7M €-233M
2019-06-10 09:00 AM Balance of Trade €-234.2M €-749.7M €-274M
2019-07-09 09:00 AM Balance of Trade €-199M €-234.2M €-312M
2019-08-09 09:00 AM Balance of Trade €-199M €-328M
2019-09-10 09:00 AM Balance of Trade €-144M
2019-10-10 09:00 AM Balance of Trade €-342M

Malta Trade Last Previous Highest Lowest Unit
Balance of Trade -199000.00 -234213.00 -7900.00 -749738.00 EUR Thousand [+]
Current Account 48853.00 190316.00 488293.00 -313524.00 EUR Thousand [+]
Current Account to GDP 11.20 10.40 11.20 -12.40 percent [+]
Imports 437000.00 465674.00 1010634.00 162800.00 EUR Thousand [+]
Exports 238000.00 231461.00 669380.00 103400.00 EUR Thousand [+]
External Debt 91474.90 91492.70 96842.50 1589.50 EUR Million [+]
Capital Flows -25280.00 9424.00 603637.00 -565388.00 EUR Thousand [+]
Tourist Arrivals 244372.17 172970.54 317490.26 40412.00 [+]
Gold Reserves 0.09 0.09 0.50 0.08 Tonnes [+]
Foreign Direct Investment 1017.20 1172.00 6634.00 -1288.40 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. This page provides - Malta Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-199000.00 -234213.00 -7900.00 -749738.00 1996 - 2019 EUR Thousand Monthly

Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19