The trade deficit in Malta widened to EUR 191.7 million in November of 2018 from EUR 150.9 million in the same month a year earlier. Exports dropped 37.8 percent year-on-year to EUR 246.8 million, mostly due to lower sales of mineral fuels, lubricants and related materials (-62.2 percent) and food (-68.4 percent). Imports declined 19.9 percent to EUR 438.5 million, mainly due to lower sales of machinery and transport equipment (-53.0 percent); miscellaneous manufactured articles (-2.0 percent) and food (-14.1 percent). Considering the first eleven months of the year, the country posted a EUR 452.5 million trade gap. Balance of Trade in Malta averaged -120572.11 EUR Thousand from 1996 until 2018, reaching an all time high of -7900 EUR Thousand in December of 2002 and a record low of -556519 EUR Thousand in February of 2016.

Balance of Trade in Malta is expected to be -209500.00 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 -154261.00 in 12 months time. In the long-term, the Malta Balance of Trade is projected to trend around -115300.00 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
2018-10-10 09:00 AM Balance of Trade €-334.8M €-218.8M €-280M
2018-11-09 10:00 AM Balance of Trade €-171.9M €-334.8M € -268.9M
2018-12-10 10:00 AM Balance of Trade €-303.2M €-171.9M €-275M
2019-01-09 10:00 AM Balance of Trade €-191.7M €-303.2M
2019-02-11 10:00 AM Balance of Trade €-191.7M
2019-03-12 10:00 AM Balance of Trade
2019-04-09 09:00 AM Balance of Trade

Malta Trade Last Previous Highest Lowest Unit
Balance of Trade -191700.00 -303200.00 -7900.00 -556519.00 EUR Thousand [+]
Current Account 488293.00 384810.00 488293.00 -313524.00 EUR Thousand [+]
Current Account to GDP 12.60 7.00 12.60 -12.40 percent [+]
Imports 438500.00 562400.00 835708.00 162800.00 EUR Thousand [+]
Exports 246800.00 259100.00 669616.00 103400.00 EUR Thousand [+]
External Debt 92783.90 89536.60 96842.50 1589.50 EUR Million [+]
Capital Flows 210113.00 565202.00 603637.00 -565388.00 EUR Thousand [+]
Tourist Arrivals 177000.00 270702.32 317490.26 40412.00 [+]
Gold Reserves 0.09 0.09 0.50 0.08 Tonnes [+]
Foreign Direct Investment 952.92 808.49 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-191700.00 -303200.00 -7900.00 -556519.00 1996 - 2018 EUR Thousand Monthly

Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18