Provisional figures released by Malta's National Statistics Office (NSO) show that Malta registered a decrease in its current account surplus when comparing the first quarter of 2019 with that of 2018, at €48.9 million and €296.3 million respectively.
Losses were registered in the net balances of the national goods account due to a loss of sales worth (all figures in €000s) €1,609,101. The sale of goods to the European Union (EU) represent the largest net losses for Malta worth €1,466,703. Losses were also registered in the sale of goods to 'Extra EU' countries worth €142,399.
As a result of this, Malta registered a loss of €1,232,990 in its primary income coming from the EU. In addition, the 'Extra Euro Area' registered net losses of €104,558 for its Secondary Income sector.
Compensating for this, Malta registered net profits in its services to EU nations. Turning to provisional figures for 2018, Malta was found to have made €2,910,023 in profits from services to the EU. An even larger share of profits was found from services to the 'Extra Euro Area', at €3,007,519. This sector generated an overall profit of €4,070,171.