The trade deficit in Malta rose to EUR 348.2 million in July of 2019 from EUR 211.7 million in the corresponding month of the previous year, as exports slumped 21.0 percent to EUR 250.3 million while imports surged 13.3 percent to EUR 598.5 million. Considering the January to July period, the trade gap widened to EUR 2,451.1 million from EUR 1,776.1 million a year earlier, as exports edged down 1.4 percent to EUR 1,918.5 million and exports jumped 17.4 percent to EUR 4,369.6 million. Balance of Trade in Malta averaged -126989.85 EUR Thousand from 1996 until 2019, reaching an all time high of -7900 EUR Thousand in December of 2002 and a record low of -735969 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
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-10 09:00 AM Balance of Trade Apr €-234.2M €-749.7M €-274M
2019-07-09 09:00 AM Balance of Trade May €-199M €-234.2M €-312M
2019-08-09 09:00 AM Balance of Trade Jun €-385.7M €-199M €-328M
2019-09-10 09:00 AM Balance of Trade Jul €-348.2M €-385.7M €-144M
2019-10-10 09:00 AM Balance of Trade Aug €-348.2M €-342M
2019-11-08 10:00 AM Balance of Trade Sep €-188M
2019-12-05 10:00 AM Balance of Trade Oct €-264M

Malta Trade Last Previous Highest Lowest Unit
Balance of Trade -348183.00 -385657.00 -7900.00 -735969.00 EUR Thousand [+]
Current Account 360982.00 48853.00 488293.00 -313524.00 EUR Thousand [+]
Current Account to GDP 11.20 10.40 11.20 -12.40 percent [+]
Imports 598468.00 642913.00 1038049.00 162800.00 EUR Thousand [+]
Exports 250285.00 257256.00 669380.00 103400.00 EUR Thousand [+]
External Debt 91474.90 91492.70 96842.50 1589.50 EUR Million [+]
Capital Flows 698867.00 -25280.00 698867.00 -565388.00 EUR Thousand [+]
Tourist Arrivals 305587.67 280521.66 317490.26 40412.00 [+]
Gold Reserves 0.25 0.19 0.50 0.08 Tonnes [+]
Foreign Direct Investment 1052.80 928.60 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-348183.00 -385657.00 -7900.00 -735969.00 1996 - 2019 EUR Thousand Monthly

Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.26 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19