Malta's trade deficit widened to EUR 341.7 million in February of 2019 from EUR 190.9 million in the same month of the previous year. It is the largest trade gap since May 2017, as imports surged 35.6 percent to EUR 597.7 million, boosted by purchases of machinery & transport equipment (163.8%); chemicals (3.5%) and semi-manufactured goods (3.6 percent). In contrast, imports declined mostly for mineral fuels, lubricants (-28.9%). Among major trading partners, imports from the EU countries surged 71.7% to EUR 461.1 million while those from Asia fell 14.7% to EUR 65.6 million. Meantime, exports rose only 2.4 percent to EUR 256.0 million. Higher sales of mineral fuels, lubricants (7.2%); miscellaneous manufactured articles (32.5%) and chemicals (12.8%) were partly offset by lower shipments of machinery & transport equipment (-5.8%) and food (-24.7%). Exports to the EU countries shrank 25.2% to EUR 96.4 million while those to Asia went up 5.5% to EUR 48.3 million. Balance of Trade in Malta averaged -121741.85 EUR Thousand from 1996 until 2019, reaching an all time high of -7900 EUR Thousand in December of 2002 and a record low of -556328 EUR Thousand in February of 2016.

Balance of Trade in Malta is expected to be -328000.00 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 -220000.00 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
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-09 10:00 AM Balance of Trade €-191.7M €-303.2M
2019-02-11 10:00 AM Balance of Trade €-117M €-191.7M €-165M
2019-03-12 10:00 AM Balance of Trade €-182.9M €-117M €-240M
2019-04-09 09:00 AM Balance of Trade €-341.7M €-182.9M €-189M
2019-05-10 09:00 AM Balance of Trade €-341.7M €-233M
2019-06-10 09:00 AM Balance of Trade €-274M
2019-07-10 09:00 AM Balance of Trade €-312M

Malta Trade Last Previous Highest Lowest Unit
Balance of Trade -341731.00 -182880.00 -7900.00 -556328.00 EUR Thousand [+]
Current Account 190316.00 488293.00 488293.00 -313524.00 EUR Thousand [+]
Current Account to GDP 11.20 10.40 11.20 -12.40 percent [+]
Imports 597688.00 447053.00 835714.00 162800.00 EUR Thousand [+]
Exports 255958.00 264174.00 669380.00 103400.00 EUR Thousand [+]
External Debt 91492.70 92783.90 96842.50 1589.50 EUR Million [+]
Capital Flows 9424.00 210113.00 603637.00 -565388.00 EUR Thousand [+]
Tourist Arrivals 125198.28 127722.87 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-341731.00 -182880.00 -7900.00 -556328.00 1996 - 2019 EUR Thousand Monthly

Country Last Previous
Argentina 1183.00 Mar/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.71 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19