international | The Malta Business Weekly https://maltabusinessweekly.com A New Voice for Business in Malta Mon, 12 Aug 2019 07:31:26 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8 https://maltabusinessweekly.com/wp-content/uploads/2020/04/bw-favicon.svg international | The Malta Business Weekly https://maltabusinessweekly.com 32 32 159130352 Malta’s international trade deficit grows to €385.7m in June https://maltabusinessweekly.com/maltas-international-trade-deficit-grows-to-e385-7m-in-june/5194/ Mon, 12 Aug 2019 07:30:10 +0000 https://maltabusinessweekly.com/?p=5194 The deficit of international trade in goods in Malta goes from €315.8m to €385.7m in June 2019, compared to the same month of the previous year, according to the provisional figures published by the National Statistics Office (NSO).

The post Malta’s international trade deficit grows to €385.7m in June first appeared on The Malta Business Weekly.

]]> The deficit of international trade in goods in Malta went up from €315.8m to €385.7m in June 2019, compared to the same month of the previous year, according to the provisional figures published by the National Statistics Office (NSO).  

Imports saw an increase of €51.3m to €642.9m, while exports decreased by €18.4m to €257.3m, according to provisional data published by the NSO.

The increase in the value of imports was primarily due to mineral fuels, lubricants and related materials (€54.5m), machinery and transport equipment (€6.9m), and food (€6.8m). However, import of medicals dropped by €14.4m.

On the exports side, major decreases were seen in semi-manufactured goods (€8m), mineral fuels, lubricants and related materials (€4.3m) and machinery and transport equipment (€4.3m).

Trade deficit widens in H1

The trade deficit widened by €516.4m between January and June when compared to the corresponding period of 2018, reaching €2.1366b. 

Imports and exports increased by €566.3m to €3.7586b and by €49.9m to €1.622b. Moreover, higher imports were mainly in machinery and transport equipment (€651.8m), partly outweighed by a decrease of €98.3m in mineral fuels, lubricants and related materials. 

The main increase in exports was registered in miscellaneous manufactured articles (€35.1m) and in chemicals (€20.5m), partially outweighed by a decrease of €16.6m in semi-manufactured goods.

Imports from the European Union reached €2.5165b (67%) of the total and they experienced a decrease of €367.8m, compared to the same period in 2018. 

While imports from the United Kingdom grew by €774.4m, those from Italy dropped by €204.1m. Regarding exports, the main increase was directed to Spain (€31.8m) while Italy registered the highest decrease (21.9m). 

The full report with graphs and tables is available for download at the website of NSO.

The post Malta’s international trade deficit grows to €385.7m in June first appeared on The Malta Business Weekly.

]]> 5194 Malta’s international trade deficit drops to €199m in May https://maltabusinessweekly.com/maltas-international-trade-deficit-drops-to-e199m-in-may/4122/ Tue, 09 Jul 2019 09:40:17 +0000 https://maltabusinessweekly.com/?p=4122 The deficit of international trade in goods in Malta dropped to €199m in May 2019, compared to a deficit of €329.5m in May 2018.

The post Malta’s international trade deficit drops to €199m in May first appeared on The Malta Business Weekly.

]]> The deficit of international trade in goods in Malta dropped to €199m in May 2019, compared to a deficit of €329.5m in May 2018, according to provisional figures published by the National Statistics Office (NSO). Both imports and exports dropped by €130.7m and €0.2m, respectively.

The decrease in the value of imports was primarily due to machinery and transport equipment (€65.2m), mineral fuels, lubricants and related materials (€32.1m), and food (€19.5m). 

On the exports side mineral fuels, lubricants and related materials (€11.2m) and food (€3.9m) accounted to the main decrease, partly outweighed by an increase of €11.2m in chemicals. 

During the first five months of 2019, the trade deficit widened by €505.4m, compared to the corresponding period of 2018, reaching €1.7436b, as the provisional NSO figures show. 

Thus, from January to May, imports and exports increased by €522.8m and €17.4m respectively. Higher imports were mainly in machinery and transport equipment (€697.3m), partly outweighed by a decrease of €177.5m in mineral fuels, lubricants and related materials. The main increase in exports was registered in miscellaneous manufactured articles (€44m), partly outweighed by a decrease of €22.3m in machinery and transport equipment.

Furthermore, for the same reference period, imports from the European Union reached €2.0001b (65.8%) of total imports. Imports from euro area countries dropped by €345m when compared to the same period in 2018. 

Main increases and decreases in imports were registered from the United Kingdom (€586.2m) and Italy (€202.2m), respectively. With respect to exports, the main increase was directed to the United States of America (€17.5m), whereas Germany (€23m) registered the highest decrease. 

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

The post Malta’s international trade deficit drops to €199m in May first appeared on The Malta Business Weekly.

]]> 4122