Trade deficit of €286.5 million in April 2017, compared to €246.5 million in April 2016

International Trade: April 2017

Published data by the National Statistics Office show that provisional data for international trade show that the trade deficit in April stood at €286.5 million, up by €40.0 million when compared to the corresponding month of 2016. Both imports and exports decreased by €38.0 million and €78.1 million respectively. The decrease in the value of imports was primarily due to machinery and transport equipment (€54.1 million). On the exports side, mineral fuels, lubricants and related materials (€78.0 million) accounted for the main decrease.

January-April 2017

During the first four months this year, the trade deficit narrowed by €111.8 million when compared to the corresponding period of 2016, reaching €1,046.6 million. Both imports and exports show decreases of €331.2 million and €219.4 million respectively. Lower imports were mainly due to machinery and transport equipment, which decreased by €539.6 million. This was partly outweighed by an increase of €236.4 million in mineral fuels, lubricants and related materials. On the exports side, the main decreases were registered in chemicals (€162.7 million) and mineral fuels, lubricants and related materials (€51.2 million).

Malta’s trade imports from the European Union reached €985.5 million, or 50.8 per cent of total imports. There was an increase of €42.4 million in imports from euro area countries when compared to the same period of 2016. Main increases and decreases in imports were registered from the Russian Federation (€80.3 million) and Canada (€113.2 million) respectively. On the export side, the main increase was directed to Spain (€6.2 million), whereas the United States of America (€145.2 million) registered the highest decrease.