Malta's Trade Deficit Narrows By €624 million In First Eight Months Of 2026

Malta recorded a trade in goods deficit of €295.7 million in August 2026, down from €371.8 million in the same month last year, according to figures published by the National Statistics Office (NSO).

Imports reached €777.1 million, increasing by 0.1% compared with August 2025, while exports rose by 19% to €481.4 million.

The increase in exports was mainly driven by mineral fuels, lubricants and related materials, which rose by €65.1 million, alongside a €26.7 million increase in machinery and transport equipment. However, exports of chemicals fell by €30.6 million.

Between January and August 2026, Malta's trade deficit narrowed by €624.1 million compared with the same period in 2025, reaching €2.84 billion. Imports fell by €152.2 million to €6.32 billion, while exports increased by €471.9 million to €3.48 billion.

The EU remained Malta's main trading partner during this period, accounting for 59.5% of imports and 32.6% of exports. Asia accounted for 20.7% of imports and 12.7% of exports.

Belgium recorded the largest increase in imports, at €102.7 million, while imports from France saw the largest decline, falling by €512.9 million. Germany recorded the largest increase in exports, at €55.4 million, while exports to Turkey registered the largest decline, decreasing by €44.9 million.

#MaltaDaily