International Trade: January 2018
Provisional data for international trade published by the National Statistics Office (NSO) show that the trade deficit in January 2018 stood at €204.5 million, down by €134.7 million when compared to the corresponding month of 2017. Imports show a decrease of €121.8 million while exports increased by €13.0 million. The decrease in the value of imports was primarily due to machinery and transport equipment (€105.7 million), while machinery and transport equipment (€9.2 million) and food (€8.7 million) accounted to the main increase in the value of exports.
Malta’s trade imports from the European Union reached €332.4 million, or 69.7 per cent of total imports. There was an increase of €87.6 million in imports from euro area countries when compared to the same month in 2017. Main increases and decreases in imports were registered from Belgium (€61.1 million) and Canada (€50.1 million) respectively. On the export side the main increase was directed to Italy (€27.2 million), whereas the United States of America (€3.8 million) registered the highest decrease.