may 2018 | The Malta Business Weekly https://maltabusinessweekly.com A New Voice for Business in Malta Mon, 15 Jul 2019 10:34:13 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8 https://maltabusinessweekly.com/wp-content/uploads/2020/04/bw-favicon.svg may 2018 | The Malta Business Weekly https://maltabusinessweekly.com 32 32 159130352 More tourists spend more money, less time in May https://maltabusinessweekly.com/more-tourists-spend-more-money-less-time-in-malta-in-may/4350/ Mon, 15 Jul 2019 09:55:50 +0000 https://maltabusinessweekly.com/?p=4350 The number of inbound visitors in Malta grows by 1.3% in May, as compared to the corresponding month of 2018. Although the number spent nights drops by 3.6%, total expenditure increases by 3.3%.

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]]> The number of inbound visitors in Malta grew by 1.3% in May, as compared to the corresponding month of 2018, reaching approximately 265,701 tourists, according to the latest figures published by the National Statistics Office (NSO). Although the number spent nights dropped by 3.6%, total expenditure was up by 3.3%.

A total of 233,139 inbound tourist trips were carried out for holiday purposes, while 18,204 were undertaken for business reasons.  

Furthermore, inbound tourists from Non-EU countries went up by 21.5% when compared to the corresponding month in 2018. Most of the tourists were from the age group of 25-44 (42.7%), while those of 45-64 represented 29.5%. The NSO latest figures show.   

Tourists spent 3.6% fewer nights in May, as compared to the same month of the preceding year. The largest share of guest nights (54.4%) was spent in collective accommodation establishments. 

In addition, the total expenditure of tourists was estimated at €203.5m, showing an increase of 3.3% over the corresponding month in 2018. 

January-May all up

Trips of inbound tourists amounted to 929,979 in May, with an increase of 2.8% over the same period in 2018. 

In this case, the total nights spent by inbound tourists went up by 1.6%, surpassing 5.9m nights.  

The expenditure was estimated at €648.1m, 3.2% higher than that recorded for 2018. Total expenditure per capita stood at €697, with an increase of 0.4% when compared to 2018. 

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

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]]> 4350 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.

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]]> 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. 

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