International Trade in Goods: October 2024
Total Trade in Goods: October 2024
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 €300.4 million during October, compared to a deficit of €307.2 million in the corresponding month of 2023.
Imports amounted to €830.3 million, while exports totalled €529.8 million, representing increases in both imports and exports of €69.5 million and €76.2 million, respectively, over the same month of the previous year (Table 1). The increase in imports was mainly due to Machinery and transport equipment (€51.8 million), and Mineral fuels, lubricants and related materials (€34.4 million), partly offset by a decrease in Food (€16.5 million). On the exports side, the main increases were registered in Food (€34.1 million), and Chemicals (€33.6 million) (Table 3).
Total Trade in Goods: January-October 2024
During the first 10 months of the year, the deficit widened by €388.6 million when compared to the corresponding period of 2023, reaching €4,050.6 million. Imports stood at €8,285.9 million whereas exports reached €4,235.3 million, representing increases of €870.8 million and €482.2 million, respectively (Table 1). Higher imports were mainly recorded in Mineral fuels, lubricants and related materials (€588.0 million), and Machinery and transport equipment (€323.8 million), partly offset by a decrease in Food (€67.7 million). On the exports side, the main increases were registered in Mineral fuels, lubricants and related materials (€350.2 million), and Chemicals (€79.6 million) (Table 3).
Chart 1. International Trade in Goods: Monthly
No Data Found
Goods were imported mainly from the European Union (59.0 per cent) and Asia (20.6 per cent). Similarly, exports were mostly directed to the European Union (34.9 per cent) and Asia (12.8 per cent). The highest increase in imports was recorded from France (€501.5 million), while imports from Germany registered the largest drop (€239.2 million). Exports to the United States of America registered the highest increase (€143.7 million), while those to Germany experienced the largest decrease (€75.8 million) (Table 4).
Trade in Goods excluding specific chapters1: October 2024
In October, the deficit of trade in goods excluding specific chapters amounted to €116.7 million, compared to a deficit of €224.8 million recorded in the same month of 2023. Imports and exports amounted to €469.3 million and €352.6 million, respectively, thus representing a decrease of 8.3 per cent in imports and an increase of 22.8 per cent in exports over the corresponding month of the previous year (Table 1).
Trade in Goods excluding specific chapters1: January-October 2024
During the first 10 months of 2024, the deficit of trade in goods excluding specific chapters narrowed by €98.7 million when compared to the same period of 2023, reaching €2,062.3 million. Imports decreased by 0.7 per cent while exports increased by 2.7 per cent, amounting to €4,574.8 million and €2,512.5 million, respectively (Table 1).
Chart 2. Trade in Goods excluding specific chapters1: Monthly
No Data Found
Chart 3. Percentage change of Trade in Goods
Over the corresponding month of the previous year
No Data Found
Chart 4. Percentage distribution of total Trade in Goods by major commodity group
October 2024
No Data Found
Chart 5. Percentage distribution of Trade in Goods excluding specific chapters1 by continent/region
October 2024
No Data Found
1 Data excluding Mineral fuels, oils and products (Chapter 27), Aircrafts/spacecrafts and parts thereof (Chapter 88) and Ships, boats and floating structures (Chapter 89). See methodological note 8.
Note: Totals may not add up due to rounding.
Tables
Methodological Notes
i. The Intrastat Supplementary Declaration that traders in merchandise goods must submit in respect of arrivals (imports) and dispatches (exports) of goods from and to the Member States of the European Union (EU) in compliance with Legal Notice 105 of 2008, and
ii. The Customs Declarations for imports from and exports to countries that are not Member States of the EU.
15. A detailed news release calendar is available online.
16. References to this news release are to be cited appropriately. For guidance on access and re-use of data please visit our dedicated webpage.
17. For further assistance send your request through our online request form.
International Trade in Goods: October 2024
- In October 2024, Malta registered a trade deficit of €300.4 million.
- During October 2024, an increase of €69.5 million in imports was recorded, while exports increased by €76.2 million, over the same month of the previous year.
- In the first 10 months of 2024, Malta’s trade imports from the European Union reached €4,885.4 million (59.0 per cent of total imports).
- During January-October 2024, the main increase in imports was from France (€501.5 million) and the main decrease was from Germany (€239.2 million).
- In the first 10 months of 2024, the main increase in exports was to the United States of America (€143.7 million) and the main decrease was to Germany (€75.8 million).
