Issue link: https://maltatoday.uberflip.com/i/1509422
11 NEWS maltatoday | WEDNESDAY • 11 OCTOBER 2023 PROVISIONAL figures show that, during August 2023, registered trade in goods in Malta recorded a deficit of €552.9 million as opposed to a deficit of €553.9 million in the corresponding month of 2022. Provisional data recorded a total trade in goods deficit of €552.9 million during August, compared to a deficit of €553.9 million in the corresponding month of 2022. Imports amounted to €893.3 mil- lion, while exports totalled €340.4 mil- lion, representing declines in both im- ports and exports of €36.5 million and €35.6 million, respectively, over the same month of the previous year. The main decreases in imports were primarily due to Mineral fuels, lubricants and related materials (€158.4 million), and Chemicals (€46.1 million), partly offset by an increase in Machinery and transport equipment (€194.9 million). On the exports side, the main decreases were registered in Chemicals (€20.0 million), and Mineral fuels, lubricants and related materials (€17.6 million). Total trade in goods During the first eight months of the year, the total trade in goods deficit narrowed by €528.9 million when compared to the corresponding period of 2022, reaching €2,854.6 million. Imports stood at €5,683.0 million where- as exports reached €2,828.3 million, rep- resenting decreases of €567.9 million and €39.1 million, respectively. Lower imports were mainly recorded in Mineral fuels, lubricants and related ma- terials (€397.1 million), Machinery and transport equipment (€177.1 million), and Chemicals (€77.0 million), partly off- set by increases in Food (€38.8 million), and Miscellaneous manufactured articles (€37.6 million). On the exports side, the main decreas- es were registered in Mineral fuels, lu- bricants and related materials (€176.7 million), Chemicals (€52.2 million), and Semi-manufactured goods (€14.1 mil- lion). These were partly offset by increases in Machinery and transport equipment (€162.3 million), Miscellaneous manufac- tured articles (€22.9 million), and Food (€14.7 million). Goods were imported mainly from the European Union (54.8 per cent) and Asia (19.6 per cent). Similarly, exports were mostly directed to the European Union (38.5 per cent) and Asia (14.3 per cent). The highest increase in imports was re- corded from Germany (€216.3 million), while imports from Greece registered the largest drop (€220.1 million). Exports to Germany registered the high- est increase (€280.9 million), while those to France experienced the largest de- crease (€161.2 million). In August, the deficit of trade in goods excluding specific chapters amounted to €183.2 million, compared to a deficit of €231.8 million recorded in the same month of 2022. Imports and exports amounted to €403.2 million and €220.0 million, re- spectively, representing decreases of 14.9 per cent and 9.1 per cent over the corre- sponding month of the previous year. During the first eight months of 2023, the deficit of trade in goods excluding specific chapters widened by €133.1 mil- lion when compared to the same period of 2022, reaching €1,572.7 million. Imports and exports increased by 6.3 per cent and 3.9 per cent, respectively, reaching €3,456.0 million and €1,883.3 million. Registered trade in goods in Malta recorded a deficit of €552.9 million in August International Trade in Goods: Monthly Percentage change of Trade in Goods