Malta registered a trade deficit of €226.7 million in November, compared to €21.9 million in the same month the previous year, according to preliminary figures published by the National Statistics Office.

The NSO said povisional data for international trade showed that the trade deficit in November stood at €226.7 million, up by €204.8 million when compared to the corresponding month in 2013.

Imports registered an increase of €126.2 million, while exports decreased by €78.6 million.

In the first 11 months of the year, the trade deficit widened by €753.7 million, to €2,398.3 million when compared to the same period in the preceding year.

Imports increased by €629.2 million, while exports registered a decrease of €124.4 million.

Malta’s trade imports from the European Union reached €2,863.9 million, or 48.9 per cent of the total for January-November 2014. There was a drop of €263.9 million in imports from euro area countries when compared to January-November 2013.

Main increases and decreases in imports were registered from Canada and Italy respectively.

On the export side, the main increase was directed to Egypt, with Japan registering the highest decrease.

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