Malta tops growth in EU exports

Malta registered the biggest increase in exports among the 27 EU member states in the first four months of the year, according to new statistics issued by Eurostat. According to the EU trade figures covering January to April, Malta managed to increase...

Malta registered the biggest increase in exports among the 27 EU member states in the first four months of the year, according to new statistics issued by Eurostat.

According to the EU trade figures covering January to April, Malta managed to increase its exports by 40 per cent over the same period of 2009, with the value of Maltese products shipped abroad this year reaching the €600 million mark.

Although almost all EU countries, apart from Ireland, Luxembourg and Finland, managed to increase their exports over the 2009 figures, Malta’s growth was by far the largest in the EU.

The closest to Malta during this period were Romania (+24 per cent) and Estonia (+23 per cent).

Eurostat said that during the same period, Malta imported eight per cent more products than it did during January-April 2009. The value of all the imported products during the first four months this year reached €900 million.

The biggest growth in imports in the EU was registered by Lithuania and Sweden, both importing 22 per cent more than last year.

Luxembourg registered a decrease in imports of -7 per cent.

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