Malta’s Government registered a trade deficit of €362.2 million in August 2024, compared to a deficit of €598.9 million in the same month of 2023. The figures came to light through the National Statistics Office.
Imports amounted to €787 million, while exports totalled €424.8 million, representing a decrease in imports of €165.8 million and an increase in exports of €70.9 million compared to the same month in the previous year.
The decrease in imports was mainly driven by machinery and transport equipment, which totalled €178.6 million.
On the exports side, the main increase was registered in mineral fuels, lubricants, and related materials, which amounted to €72.4 million.
January to August 2024
During the first eight months of the year, the NSO reported that the trade deficit narrowed by €241.4 million compared to the corresponding period in 2023, reaching €2,879.3 million. Imports stood at €6,058.1 million, while exports reached €3,178.8 million, representing increases of €81.2 million and €322.5 million, respectively.
Higher imports and exports were mainly recorded in mineral fuels, lubricants, and related materials, which totalled €413.3 million in imports and €264.8 million in exports, as well as chemicals, which contributed €87.3 million to imports and €50.7 million to exports.
Economic uncertainty in Malta highest after EU accession, Gonzi’s last years, 2019 protests and pandemic – report
A new Economic Policy Uncertainty index for Malta may be used as a leading indicator of household consumption
Maltese citizens granted visa-free access to China for up to 30 days
Deputy Prime Minister Ian Borg hailed the agreement as a testament to the strong bilateral ties between the two nations
1,343 sex workers add €24 million to Malta’s economy – NSO
The number of street prostitutes plummeted between 2010 and 2022, but the number of escorts advertising their services online ballooned