Exports in August dropped by €25 million, the National Statistics Office said today.

It said provisional data for international trade showed that the visible trade gap in August 2008 stood at €102.8 million, up by €8.3 million compared to the same month last year.

There was a decrease in imports of €16.9 million and a decrease in exports of €25.2 million. The decrease in imports was due to fuels and lubricants and consumer goods.

Machinery and transport equipment, miscellaneous manufactured articles, food and semi-manufactured goods accounted for the decrease in exports during August 2008 when compared to the same month last year.

The deterioration in the balance for the first eight months of 2008 was mainly due to mineral fuels, lubricants and related materials, which widened the trade gap by €102.6 million.

The bulk of Malta’s trade flows and consequent trade deficit continued to be directed towards the European Union during the first eight months of 2008,

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