FX.co ★ Malta Trade Deficit Narrows to Lowest Since May

Malta's trade deficit decreased to €286.0 million in October, down from €331.9 million in the same month the previous year, registering the smallest deficit since May. The decline in imports, which decreased by 12.6% year-on-year to €767.1 million, can be attributed to reduced acquisitions of machinery and transport equipment (€94.9 million), mineral fuels, lubricants and related items (€38.2 million), and miscellaneous transactions and commodities (€15.7 million). The majority of these imports originated from the EU (61.5%) and Asia (19.4%). Notably, imports from the Netherlands saw the most significant increase of €148.7 million, whereas Italy experienced the largest decrease of €202.5 million. On the export side, there was an 11.8% reduction to €481.1 million, largely impacted by the food sector (€34.7 million), chemicals (€18.9 million), and mineral fuels, lubricants, and associated materials (€15.7 million). Shipments to Turkey increased by €66.1 million, while exports to the United States fell by €115.6 million. Over the first ten months of 2025, the trade deficit has narrowed by €267.3 million, settling at €3,965.9 million.