Malta registered a trade deficit of €312.1 million in June, compared to €128.8 million in the same month of last year, according to preliminary figures published by the National Statistics Office.

Imports increased by €123.9 million, while exports decreased by €59.4 million. The increase in the value of imports was primarily due to machinery and transport equipment (€164.8 million), while mineral fuels, lubricants and related materials accounted for the main decrease (€54.8 million) in exports.

During the first six months this year, the trade deficit narrowed by €281.4 million when compared to the corresponding period of 2017, reaching €1,113.7 million.
Imports showed a decrease of €142.2 million, while exports increased by €139.2 million.

Lower imports were mainly due to a decrease of €209.7 million in machinery and transport equipment. With regard to exports, the main increase was registered in machinery and transport equipment (€345.2 million), which was partly outweighed by a decrease of €261.4 million in mineral fuels, lubricants and related materials.

Malta’s trade imports from the European Union reached €1,980.4 million, or 67.2 per cent of total imports. There was an increase of €310.8 million in imports from euro area countries when compared to the same period of 2017.

Main increases and decreases in imports were registered from Italy (€87.6 million) and Canada (€113.5 million), respectively. The main increase in exports was directed to France (€32 million), whereas the highest decrease (€66.2 million) was registered in exports to Italy.

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