Malta’s trade deficit shrinks to €182.9m in January

(source: Unsplash/Marcela Laskosi)

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Malta recorded a trade deficit of €182.9m during January, according to provisional figures for registered trade in goods, compared to a deficit of €227.4m in the same month a year earlier, the National Statistics Office (NSO) said in its recent release of data.

The statistics office says the year-on-year drop was chiefly due to mineral fuels, lubricants and related materials (€100.2m), partly outweighed by an increase of €40.1m in machinery and transport equipment.

“On the exports side mineral fuels, lubricants and related materials (€29.2m) accounted to the main decrease, partly set off by increases of €16.7m in miscellaneous manufactured articles and €13.3 million in food,” the NSO says in its release.

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Imports from the European Union reached 49.6% (€221.8m) of imports in total. Figures reveal a year-on-year decrease of €134.9m in imports from countries in the euro area.

Data in the NSO release presents all international trade in goods registered up to the cut-off date of 5 March.

The full report including charts and visual representation of data is available for download at the website of NSO.