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Malta Trade Deficit Reduces In January 2021

Malta trade deficit reduces in January 2021

Provisional figures for registered trade in goods in Malta recorded a deficit of €102.1 million during January 2021, compared to a deficit of €280.8 million in the corresponding month of 2020 – March 12, 2021 Data in this news release presents all international trade in goods registered up to the indicated cut-off date. Provisional data recorded a total trade in goods deficit of €102.1 million
during January, compared to a deficit of €280.8 million in the corresponding month of 2020. Imports amounted to €351.6 million, while exports totalled €249.6 million. This represents a decline of €256.1 million and €77.3 million, respectively, over the same period of the previous year. The decrease in the value of imports was primarily due to Mineral fuels, lubricants and related materials (€113.0 million) and Machinery and transport equipment (€100.0 million). On the exports side, the maindrop was registered in Mineral fuels, lubricants and related materials (€74.6 million). The major import partners were the European Union (63.9 per cent) and Asia (21.8 per cent). Similarily, exports were mostly directed to the European Union (52.4 per cent) and Asia (15.1 per cent). The main increase and decrease in imports were registered from France (€27.3 million) andChina (€99.9 million), respectively. With respect to exports, the main increase was directed to Italy (€5.6 million), whereas Germany reported the highest decrease (€23.8 million). Complete details for January 2021 trade can be accessed here Source: National Statistics Office (Malta)

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