Exports continue to boost economy
Malta has increased its exports by €200 million during the first eight months of this year according to new trade statistics issued in Brussels yesterday.
According to Eurostat, Malta has managed to increase its exports by 16 per cent between January and August last year over the same period in 2009. Maltese products exported from Malta up to August this year reached a value of €1.2 billion.
On the other hand, local consumption seems to be at the same levels of 2009 as imports have remained static over the same period.
Eurostat data shows that Malta registered a static growth in imports during the first eight months of the year, importing a total €2 billion worth of products, exactly the same as between January and August 2009.
All EU member states except Luxembourg have registered an increase in exports during the first eight months of 2010. The figures confirm the growing confidence in the EU's economy following the recession. Germany, the EU's biggest economy registered an increase of 18 per cent.
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V Caruana
Nov 15th 2011, 16:10
Naħseb li l-prodotti tagħna jitilqu minn Malta u jispiċċaw fil-baħar. Għax min qed jixtri il-prodotti tagħna meta skont il-PM ħlief gloom and doom fl-ewropa ma hemmx u Malta biss sejra tajjjeb?
Joanne Micallef
Nov 15th 2011, 16:06
Good news indeed
Joseph Galea
Nov 15th 2011, 15:32
Strange how positive news like this never seems to draw any comments. I suppose everyone is concerned about the buses and miss things like this.
Ivan Cutajar
Nov 15th 2011, 18:30
Mr. Galea a positive news is always welcomed but you have to take in consideration many other factors example sending Bottles of water to Libya the item falls under export, because it had been released from the customs clearance. I simply ask this question how much manufactured locally produced had been exported? And are this manufactured companies earning a profit to reinvest further with the high bills of electric and water. The ans is simple Malta became to much expensive to produce and that because of mismanage from our Goverment.
ALBERT FENECH
Nov 15th 2011, 19:40
Mr Galea, so that we can all share in celebrating this good news, may we please have a COMPLETE breakdown and analysis of what these exports actually consist of? May we have them stratified Company by Company, product by product? I am in touch with Malta's leading exporting companies and this claim does not make sense. As somebody else said elsewhere, does this mean things like exporting bottles of water to Libya?
ALBERT FENECH
Qawra
MC Attard
Nov 15th 2011, 12:55
and this is where money is coming from! Such a positive news to hear.