Trade Trend

In 2023, Malta's total export value is 3.47Billion USD, total import value is 8.40Billion USD, Deficit is -4.94Billion USD, and foreign trade dependency is 0.566. In 2023，Malta's top export products are Electronic integrated circuits(963.98Million USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(402.57Million USD), Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value; stampimpressed paper; cheque forms; banknotes, stock, share or bond certificates and the like of similar title(301.90Million USD), top export destinations are Germany(931.85Million USD), Japan(206.39Million USD), Italy(186.42Million USD). In 2023, Malta's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.04Billion USD), Yachts and other vessels; for pleasure or sports, rowing boats and canoes(738.08Million USD), Electronic integrated circuits(683.83Million USD), top import origins are Italy(1.93Billion USD), Germany(753.85Million USD), France(723.99Million USD).

Comparing to 2022, Malta's total export value increased 213.55Million USD(6.56%) in 2023, this could result from its export increases of products such as Electronic integrated circuits(159.32Million USD or 19.80%), Yachts and other vessels; for pleasure or sports, rowing boats and canoes(58.83Million USD or 411.16%), Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value; stampimpressed paper; cheque forms; banknotes, stock, share or bond certificates and the like of similar title(38.52Million USD or 14.63%) and export increases to countries/economics such as Germany(388.92Million USD or 71.63%), Croatia(63.93Million USD or 2.94Thousands%), Ghana(38.84Million USD or 104.54%). Comparing to 2022, Malta's total import value decreased -116.23Million USD(-1.36%) in 2023, this could result from its import decreases of products such as Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(-803.97Million USD or -61.88%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-172.86Million USD or -14.21%), Electrical energy(-122.39Million USD or -57.33%), and its import decreases from countries/economies such as Canada(-706.73Million USD or -88.94%), Greece(-271.79Million USD or -65.04%), Cayman Islands(-178.70Million USD or -82.29%).

Cumulated to first 7 months of 2024, Malta's total export value is 1.27Billion USD, total import value is 3.71Billion USD, and tradedeficit is -2.45Billion USD. Cumulated to first 7 months of 2024, Malta's top export products are Electronic integrated circuits(317.49Million USD), Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(136.58Million USD), Commodities not specified according to kind(130.95Million USD), and top export destinations are Germany(213.36Million USD), United States(201.63Million USD), None(130.71Million USD). Cumulated to first 7 months of 2024, Malta's top import products are Electronic integrated circuits(317.49Million USD), Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles(136.58Million USD), Commodities not specified according to kind(130.95Million USD), and top import origins areChina(784.16Million USD), Italy(506.83Million USD), None(376.36Million USD).