Provisional data noted by the National Statistics Office found a trade in goods deficit of €165.6 million during March 2021, compared to €190.9 million in the same month last year.
Imports amounted to €423 million, representing a decline of €48.5 million, while exports totalled €257.4 million, representing a decline of €23.3 million, over the same period last year.
The decrease in the value of imports was primarily due to Machinery and transport equipment (€103.2 million), partly off set by increases in Chemicals (€25.8 million), Miscellaneous manufactured articles (€15.1 million) and Mineral fuels, lubricants and related materials (€13.9 million). On the exports side, the main drop was registered in Machinery and transport equipment (€50.6 million), which exceeded the rise in Miscellaneous manufactured articles (€17.0 million) and Chemicals (€15.9 million).
Total Trade in Goods: January-March 2021
During the first quarter of the year, the total trade in goods deficit narrowed by €219.7 million when compared to the corresponding period of 2020, reaching €388.7 million.
Both imports and exports decreased by €414.9 million and €195.2 million, respectively, and amounted to €1,145.4 million and €756.7 million. Lower imports were mainly recorded in Machinery and transport equipment (€277.7 million) and Mineral fuels, lubricants and related materials (€117.3 million). On the exports side, Mineral fuels, lubricants and related materials (€131.5 million) and Machinery and transport equipment (€71.2 million) accounted for the main declines/
The company said it is consolidating its operations in the European market in Poland
EU Directive on Pay Transparency is set to be approved by the EU Parliament and Council by late-spring 2023
The need for sustainability, innovation and good governance are highlighted in the MFSA's strategic priorities