11 January 2021 | 1100 hrs | 004/2021
Provisional figures for registered trade in Malta recorded a trade deficit of €38.4 million during November 2020, compared to a deficit of €93.9 million in the corresponding month of 2019.
International Trade in Goods: November 2020
Cut-off date:
4 January 2021
Data in this news release presents all international trade in goods registered up to the indicated cut-off date (refer to methodological notes). Provisional data for registered international trade recorded a trade deficit of €38.4 million during November, compared to a deficit of €93.9 million in the corresponding month of 2019. Both imports and exports registered decreases of €130.4 million and €75.0 million respectively when compared to the same month of 2019 (Table 1). The major decreases in the value of imports were recorded for mineral fuels, lubricants and related materials (€79.7 million) and food (€32.0 million). On the exports side, the main decrease was registered in mineral fuels, lubricants and related materials (€54.1 million) (Table 2).
January-November 2020
During the first eleven months of 2020, the trade deficit narrowed by €1,578.4 million when compared to the corresponding period of 2019, reaching €2,003.6 million. Both imports and exports decreased by €2,103.2 million and €525.0 million respectively (Table 1). Lower imports were mainly recorded in machinery and transport equipment (€1,290.1 million) and mineral fuels, lubricants and related materials (€592.4 million). On the exports side, mineral fuels, lubricants and related materials (€403.4 million) and machinery and transport equipment (€88.9 million) accounted for the main decreases (Table 2).
Imports from the European Union reached €2,559.9 million, or 52.7 per cent of total imports. There was a decrease of €514.0 million in imports from euro area countries when compared to the same period in 2019. The main increase and decrease in imports were registered from China (€103.1 million) and the United Kingdom (€977.0 million) respectively. With respect to exports, the main increase was directed to India (€5.4 million), whereas Italy registered the highest decrease (€129.4 million) (Table 3) ■
Chart 1. International Trade in Goods - monthly
1,200
1,000
million€ | 800 |
600 | |
400 | |
200 | |
0 |
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N | |||||||
2017 | 2018 | 2019 | 2020 | ||||
period | |||||||
Trade Deficit | Imports | Exports | |||||
Compiled by: Trade Statistics Unit | 1 | |
Contact us: National Statistics Office, Lascaris, Valletta VLT 2000 | ||
T. +356 25997219, E. nso@gov.mt | ||
https://twitter.com/NSOMALTA/ | https://www.facebook.com/nsomalta/ | |
Table 1. Trade in goods by period and broad economic category
€ million | ||||||
Broad economic category | 2018p | 2019p | November | January-November | ||
2019p | 2020p | 2019p | 2020p | |||
Imports | 6,279.3 | 7,417.5 | 495.6 | 365.2 | 6,961.6 | 4,858.4 |
Industrial Supplies | 1,471.8 | 1,658.7 | 133.9 | 122.6 | 1,546.5 | 1,274.5 |
Primary | 125.7 | 116.5 | 23.0 | 4.1 | 113.5 | 79.4 |
Semi-Finished | 1,140.7 | 1,337.6 | 97.7 | 111.8 | 1,239.5 | 1,103.4 |
Finished | 205.4 | 204.5 | 13.3 | 6.8 | 193.5 | 91.7 |
Capital Goods and Others | 1,401.6 | 2,375.4 | 56.3 | 49.0 | 2,329.3 | 1,209.0 |
Consumer Goods | 1,471.4 | 1,552.2 | 138.9 | 107.9 | 1,431.5 | 1,285.8 |
Food and Beverages | 546.1 | 558.5 | 48.5 | 33.5 | 516.9 | 438.5 |
Durable Goods | 497.3 | 549.8 | 49.3 | 38.5 | 506.6 | 434.1 |
Others | 428.0 | 443.9 | 41.1 | 35.9 | 408.0 | 413.2 |
Fuels and Lubricants | 1,934.5 | 1,831.2 | 166.5 | 85.6 | 1,654.3 | 1,089.1 |
Exports | 3,440.9 | 3,798.0 | 401.7 | 326.7 | 3,379.7 | 2,854.7 |
of which: | ||||||
Exports of Fuels and | 986.6 | 1,128.6 | 95.3 | 43.7 | 1,002.5 | 628.8 |
Lubricants | ||||||
Balance of Trade | -2,838.4 | -3,619.4 | -93.9 | -38.4 | -3,582.0 | -2,003.6 |
- Provisional Notes:
- Table 1 is based on the United Nations Statistical Division BEC codes (Broad Economic Categories). Figures for 'Fuels and Lubricants' refer to BEC 0031 and BEC 0032; respectively 'Fuels and lubricants, primary' and 'Fuels and lubricants, processed'.
- Totals may not add up due to rounding.
-
A disaggregation by quarter is available on the excel version of this news release:
https://nso.gov.mt/en/News_Releases/View_by_Unit/Unit_A4/International_Trade/Pages/International-Trade-in-Goods.aspx
major commodity group
Chart 2. Percentage distribution of registered trade in November 2020 by major commodity group
Machinery and Transport Equipment | 24.2 | ||||||||||
28.4 | |||||||||||
Mineral Fuels, Lubricants and related materials | 13.4 | ||||||||||
23.8 | |||||||||||
Chemicals | 14.4 | 21.9 | |||||||||
Miscellaneous Manufactured Articles | 17.2 | ||||||||||
10.6 | |||||||||||
Food | 19.6 | ||||||||||
9.2 | |||||||||||
Semi-Manufactured Goods | 3.1 | ||||||||||
10.6 | |||||||||||
Beverages and Tobacco | 0.2 | ||||||||||
2.1 | |||||||||||
Other Commodities not Mentioned | 0.4 | ||||||||||
0.9 | |||||||||||
0 | 5 | 10 | 15 | 20 | 25 | 30 | |||
% | |||||||||
Exports | Imports | ||||||||
Notes:
- The commodity breakdown is in accordance with the Standard International Trade Classification (SITC) Rev. 3.
- "Other Commodities not Mentioned" includes the commodity groups "Miscellaneous Transactions and Commodities", "Animal and Vegetable Oils and Fats" and "Crude Materials".
- Totals may not add up due to rounding.
2
Table 2. Balance of trade in goods by period and major commodity group
€ million | ||||||
Major commodity group | 2018p | 2019p | November | January-November | ||
2019p | 2020p | 2019p | 2020p | |||
Imports | 6,279.3 | 7,417.5 | 495.6 | 365.2 | 6,961.6 | 4,858.4 |
Food | 628.7 | 609.7 | 65.6 | 33.6 | 569.9 | 478.5 |
Beverages and Tobacco | 109.8 | 128.3 | 11.7 | 7.8 | 118.0 | 94.8 |
Crude Materials | 27.4 | 36.4 | 2.6 | 2.4 | 34.4 | 27.6 |
Mineral Fuels, Lubricants and related materials | 1,947.0 | 1,865.1 | 166.5 | 86.8 | 1,688.2 | 1,095.8 |
Animal and Vegetable Oils and Fats | 9.6 | 9.7 | 0.7 | 0.6 | 9.0 | 8.2 |
Chemicals | 603.1 | 688.0 | 50.7 | 52.5 | 640.1 | 620.0 |
Semi-Manufactured Goods | 413.8 | 441.5 | 36.7 | 38.6 | 403.3 | 405.5 |
Machinery and Transport Equipment | 2,005.0 | 3,055.8 | 104.3 | 103.9 | 2,964.2 | 1,674.1 |
Miscellaneous Manufactured Articles | 529.6 | 578.4 | 56.5 | 38.6 | 530.4 | 450.3 |
Miscellaneous Transactions and Commodities | 5.2 | 4.6 | 0.3 | 0.4 | 4.2 | 3.6 |
Exports | 3,440.9 | 3,798.0 | 401.7 | 326.7 | 3,379.7 | 2,854.7 |
Food | 345.3 | 287.4 | 52.5 | 64.2 | 192.0 | 193.7 |
Beverages and Tobacco | 44.6 | 46.9 | 3.6 | 0.8 | 42.6 | 38.7 |
Crude Materials | 13.3 | 10.0 | 1.1 | 1.2 | 9.6 | 10.0 |
Mineral Fuels, Lubricants and related materials | 1,048.6 | 1,158.3 | 97.8 | 43.7 | 1,032.2 | 628.8 |
Animal and Vegetable Oils and Fats | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Chemicals | 387.0 | 523.6 | 86.8 | 71.6 | 472.0 | 465.2 |
Semi-Manufactured Goods | 153.8 | 137.8 | 10.2 | 10.2 | 131.9 | 92.6 |
Machinery and Transport Equipment | 957.1 | 1,025.5 | 83.3 | 78.9 | 940.0 | 851.1 |
Miscellaneous Manufactured Articles | 488.8 | 605.8 | 66.2 | 56.1 | 556.8 | 573.1 |
Miscellaneous Transactions and Commodities | 2.5 | 2.6 | 0.1 | 0.0 | 2.5 | 1.6 |
Balance of Trade | -2,838.4 | -3,619.4 | -93.9 | -38.4 | -3,582.0 | -2,003.6 |
Food | -283.4 | -322.3 | -13.1 | 30.5 | -377.9 | -284.8 |
Beverages and Tobacco | -65.2 | -81.3 | -8.1 | -7.0 | -75.4 | -56.2 |
Crude Materials | -14.1 | -26.4 | -1.4 | -1.2 | -24.8 | -17.6 |
Mineral Fuels, Lubricants and related materials | -898.4 | -706.8 | -68.6 | -43.1 | -656.0 | -467.0 |
Animal and Vegetable Oils and Fats | -9.6 | -9.6 | -0.7 | -0.6 | -9.0 | -8.1 |
Chemicals | -216.1 | -164.5 | 36.1 | 19.1 | -168.1 | -154.8 |
Semi-Manufactured Goods | -260.0 | -303.7 | -26.5 | -28.3 | -271.4 | -312.9 |
Machinery and Transport Equipment | -1,047.9 | -2,030.2 | -21.0 | -25.0 | -2,024.3 | -823.0 |
Miscellaneous Manufactured Articles | -40.8 | 27.4 | 9.7 | 17.5 | 26.5 | 122.8 |
Miscellaneous Transactions and Commodities | -2.7 | -1.9 | -0.2 | -0.4 | -1.7 | -2.0 |
p Provisional
Notes:
- The commodity breakdown is in accordance with the Standard International Trade Classification (SITC) Rev. 3.
- Totals may not add up due to rounding.
3
4 | Table 3. Direction of trade in goods by period and by region/country | |||||||||||||
€ million | ||||||||||||||
November | January-November | |||||||||||||
Region/Country | 2019p | 2020p | 2019p | 2020p | ||||||||||
Arrivals/ | Dispatches/ | Balance of | Arrivals/ | Dispatches/ | Balance of | Arrivals/ | Dispatches/ | Balance of | Arrivals/ | Dispatches/ | Balance of | |||
Imports | Exports | Trade | Imports | Exports | Trade | Imports | Exports | Trade | Imports | Exports | Trade | |||
Europe | 371.8 | 130.0 | -241.9 | 274.8 | 139.2 | -135.5 | 5,256.0 | 1,587.8 | -3,668.2 | 3,238.7 | 1,242.4 | -1,996.3 | ||
of which: | ||||||||||||||
European Union | 307.9 | 120.2 | -187.7 | 219.9 | 121.9 | -98.0 | 3,283.2 | 1,471.8 | -1,811.5 | 2,559.9 | 1,138.4 | -1,421.5 | ||
of which: | ||||||||||||||
euro area | 289.9 | 97.2 | -192.7 | 200.3 | 81.6 | -118.7 | 2,914.0 | 1,215.3 | -1,698.7 | 2,400.0 | 941.0 | -1,459.0 | ||
of which: | ||||||||||||||
Italy | 135.5 | 16.5 | -119.0 | 78.2 | 19.5 | -58.7 | 1,148.2 | 274.8 | -873.3 | 890.6 | 145.4 | -745.2 | ||
Spain | 16.8 | 8.2 | -8.6 | 28.2 | 2.6 | -25.6 | 245.7 | 84.7 | -160.9 | 231.8 | 31.6 | -200.2 | ||
Germany | 34.2 | 43.5 | 9.3 | 25.3 | 29.6 | 4.3 | 477.7 | 449.1 | -28.6 | 298.9 | 399.5 | 100.7 | ||
France | 30.4 | 20.2 | -10.3 | 24.5 | 19.6 | -5.0 | 421.4 | 257.3 | -164.2 | 300.7 | 216.6 | -84.1 | ||
Netherlands | 14.9 | 4.3 | -10.7 | 22.8 | 3.2 | -19.6 | 193.7 | 64.2 | -129.5 | 161.0 | 48.3 | -112.7 | ||
Greece | 38.7 | 0.6 | -38.2 | 8.5 | 0.3 | -8.2 | 196.0 | 19.2 | -176.8 | 86.2 | 11.7 | -74.4 | ||
EFTA Countries | 3.0 | 3.5 | 0.5 | 1.8 | 0.9 | -0.8 | 53.6 | 25.9 | -27.7 | 37.2 | 17.1 | -20.1 | ||
of which: | ||||||||||||||
Switzerland | 2.8 | 3.1 | 0.3 | 1.7 | 0.7 | -1.0 | 36.3 | 22.4 | -13.9 | 28.1 | 13.3 | -14.8 | ||
Other European Countries | 60.9 | 6.3 | -54.6 | 53.1 | 16.4 | -36.7 | 1,919.1 | 90.0 | -1,829.1 | 641.7 | 86.9 | -554.8 | ||
of which: | ||||||||||||||
United Kingdom* | 28.1 | 3.0 | -25.1 | 35.4 | 13.2 | -22.3 | 1,334.6 | 53.6 | -1,281.0 | 357.6 | 42.7 | -314.9 | ||
Turkey | 23.6 | 2.6 | -21.1 | 8.8 | 2.1 | -6.8 | 296.0 | 28.3 | -267.7 | 172.5 | 21.9 | -150.6 | ||
Asia | 63.7 | 112.7 | 49.0 | 62.8 | 104.5 | 41.7 | 947.5 | 608.2 | -339.3 | 915.4 | 642.8 | -272.6 | ||
of which: | 24.6 | |||||||||||||
China | 4.2 | -20.4 | 19.5 | 5.5 | -13.9 | 250.5 | 33.7 | -216.8 | 353.6 | 35.7 | -317.9 | |||
India | 14.5 | 1.5 | -12.9 | 14.0 | 2.9 | -11.1 | 146.0 | 15.8 | -130.3 | 166.1 | 21.2 | -144.9 | ||
Turkmenistan | - | - | - | 5.9 | 2.3 | -3.6 | 15.1 | - | -15.1 | 20.8 | 2.3 | -18.5 | ||
Japan | 5.6 | 24.6 | 19.0 | 3.7 | 45.7 | 41.9 | 51.7 | 104.6 | 52.9 | 46.2 | 107.4 | 61.2 | ||
South Korea | 2.7 | 12.3 | 9.6 | 3.4 | 6.4 | 3.0 | 38.2 | 59.6 | 21.4 | 46.1 | 30.7 | -15.4 | ||
North and Central America | 8.2 | 12.0 | 3.8 | 10.7 | 12.0 | 1.3 | 230.0 | 168.4 | -61.6 | 259.1 | 128.1 | -131.0 | ||
of which: | ||||||||||||||
United States of America | 7.3 | 9.8 | 2.5 | 10.2 | 7.7 | -2.5 | 138.2 | 143.3 | 5.2 | 112.0 | 105.5 | -6.5 | ||
Canada | 0.6 | 1.2 | 0.6 | 0.5 | 2.5 | 2.0 | 86.4 | 14.8 | -71.6 | 145.5 | 14.7 | -130.8 | ||
Africa | 25.3 | 44.6 | 19.3 | 13.5 | 31.7 | 18.2 | 150.9 | 378.8 | 228.0 | 218.3 | 353.2 | 134.9 | ||
of which: | ||||||||||||||
Algeria | 5.2 | 1.9 | -3.3 | 8.1 | 1.2 | -6.9 | 13.3 | 32.0 | 18.7 | 109.0 | 11.1 | -97.9 | ||
Australia and Oceania | 0.4 | 0.6 | 0.1 | 1.6 | 0.3 | -1.3 | 113.3 | 5.6 | -107.7 | 14.4 | 4.2 | -10.2 | ||
South America | 3.3 | 0.2 | -3.1 | 1.6 | 0.3 | -1.3 | 23.4 | 24.0 | 0.6 | 20.3 | 12.5 | -7.8 | ||
Caribbean and Bahamas Islands | 22.9 | 0.6 | -22.3 | 0.1 | 0.5 | 0.4 | 240.3 | 6.0 | -234.3 | 192.1 | 5.4 | -186.7 | ||
Ships and Aircraft Stores | 0.0 | 101.2 | 101.2 | 0.2 | 38.2 | 38.0 | 0.2 | 600.8 | 600.7 | 0.2 | 466.2 | 466.0 | ||
Grand Total | 495.6 | 401.7 | -93.9 | 365.2 | 326.7 | -38.4 | 6,961.6 | 3,379.7 | -3,582.0 | 4,858.4 | 2,854.7 | -2,003.6 |
- Provisional
- For the exclusion/inclusion of the United Kingdom in the European Union computation, refer to methodological note 7 (ii). Notes:
- Ranking is based according to top countries of import for the period under review.
- Arrivals/Dispatches relate to registered transactions with EU Member States.
- Imports/Exports relate to registered transactions with Non-EU Member States (see methodological notes for country groupings).
- Totals may not add up due to rounding.
-
A full list of countries is available on the excel version of this news release:
https://nso.gov.mt/en/News_Releases/View_by_Unit/Unit_A4/International_Trade/Pages/International-Trade-in-Goods.aspx
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NSO - National Statistics Office of Malta published this content on 11 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2021 10:13:02 UTC