Trade Deficit widens to €813m between January-November 2019

9th January 2020

Both imports and exports increased by €1,008.1 million and €194.4 million respectively.

During the first eleven months of 2019, the trade deficit widened by €813.7 million when compared to the corresponding period of 2018, reaching €3,661.2 million, according to a National Statistics Office (NSO) press release issued on Thursday.

Both imports and exports increased by €1,008.1 million and €194.4 million respectively. Higher imports were recorded mainly in machinery and transport equipment (€1,020.2 million) and chemicals (€69.9 million), partly outweighed by a decrease of €109.5 million in mineral fuels, lubricants and related materials.

The main increases in exports were registered in chemicals (€116.5 million), miscellaneous manufactured articles (€96.5 million) and machinery and transport equipment (€47.2 million), partly outweighed by a decrease of €58.7 million in mineral fuels, lubricants and related materials.

For the same reference period, imports from the EU reached €4,510.5 million, or 65.8 per cent of total imports. There was a decrease of €368.7 million in imports from euro area countries when compared to the same period in 2018. Main increases and decreases in imports were registered from the United Kingdom (€849.1 million) and Italy (€226.9 million) respectively. With respect to exports, the main increase was directed to Germany (€46.0 million), whereas Italy (€54.3 million) registered the highest decrease.


9th January 2020

The central theme of the event will be the findings of and follow up to the recent MONEYVAL report on Malta, together with other topical subjects such as banking relationships, transaction monitoring, terrorism financing and public-private partnerships.

9th January 2020

Transport and infrastructure minister Ian Borg stressed that the criteria are stringent, and the concessionaire would need to inspire confidence that the project is being managed in a sustainable manner.

8th January 2020

Translating into an increase of 7.4 per cent over 2018, the achievement of this full-year result marks the tenth year of traffic growth for the airport, the company said in a statement.

8th January 2020

During her tenure in New York, Ambassador Frazier will be tasked to lead Malta’s bid for election in the UN Security Council.