The trade deficit in Malta narrowed to EUR 331.9 million in November of 2022 from EUR 356.5 million in the same month of the previous year. Exports advanced by 37.2% to EUR 453.4 million, amid higher shipments of miscellaneous transactions and commodities (483.8%), crude materials (371.1%), food products (61.5%) and beverages & tobacco (70.5%). At the same time, imports rose by 14.3% to EUR 785.3 million, as arrivals mainly grew in miscellaneous transactions and commodities (129.7%), chemicals (27.4%) and crude materials (22.3%). Considering the January-November period, the trade deficit widened to EUR 4,361 million, from EUR 2,795.7 million in the same months of 2021. source: National Statistics Office, Malta

Balance of Trade in Malta averaged -144251.41 EUR Thousand from 1996 until 2022, reaching an all time high of 1846.00 EUR Thousand in November of 2020 and a record low of -878623.00 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 February of 2023.

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Malta Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-12-12 10:00 AM Oct €-350.1M €-284.5M €-300M
2023-01-09 10:00 AM Nov €-331.9M €-350.1M €-375M
2023-02-09 10:00 AM Dec €-331.9M €-131.3M

Related Last Previous Unit Reference
Balance of Trade -331945.00 -350137.00 EUR Thousand Nov 2022
Imports 785316.00 791963.00 EUR Thousand Nov 2022
Exports 453371.00 441826.00 EUR Thousand Nov 2022
Tourist Arrivals 144631.00 210354.00 Nov 2022

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
-331945.00 -350137.00 1846.00 -878623.00 1996 - 2022 EUR Thousand Monthly