Trade, shipping, import, export, freeport

Malta has registered the highest increase in exports to non-EU countries in June 2021, when compared to the same month of the previous year, while the EU as a whole generated a €14.8 billion trade surplus.

In June 2021, compared with June 2020, all EU Member States registered a large increase in extra-EU exports, with the highest increases seen in Malta (65.4 per cent), Greece (47.3 per cent) and Cyprus (45.7 per cent).

The figures emerge from a Eurostat publication, which reveals that the first estimate for extra-EU exports of goods in June 2021 was €188.3 billion, up by 22.3 per cent when compared with June 2020 (€154 billion).

Imports from the rest of the world stood at €173.5 billion, up by 29.6 per cent compared with June 2020 (€133.9 billion).

All Member States registered an increase in extra-EU imports in June 2021 compared to June 2020, except Cyprus (-18.7 per cent).

The highest increases were observed in Latvia (88.7 per cent), Slovakia (72.1 per cent) and Estonia (62.4 per cent).

As a result, the EU recorded a €14.8 billion surplus in trade in goods with the rest of the world in June 2021, compared with a surplus of €20 billion in June 2020.

Meanwhile, intra-EU trade rose to €294.4 bn in June 2021, a 24.6 increase when compared with June 2020.

In the six months comprising January to June 2021, extra-EU exports of goods rose to €1,048.9 billion (an increase of 13.8 per cent compared with January-June 2020), and imports rose to €964.5 bn (an increase of 13.9 per cent compared with January-June 2020).

As a result, the EU recorded a surplus of €84.4 billion, compared with €75.2 billion in January-June 2020.

Intra-EU trade rose to €1,654.2 billion in January-June 2021, an increase of 21.2 per cent compared with January-June 2020.

MFSA urges to financial institutions to clearly list their payment accounts services, terms and fees

May 21, 2024
by Anthea Cachia

Financial institutions were assessed through 50 online or offsite interactions

Attracting new maritime investment requires ‘clear vision and strategy’ – MMF

May 21, 2024
by Robert Fenech

Government working with Malta Maritime Forum to consult all sectors in lead up to strategy formulation

Almost 79,000 foreign students attended English language schools in Malta last year

May 20, 2024
by Anthea Cachia

Female students outnumbered male counterparts reaching 61.9 per cent of all ELT students