Malta
2020 Product Exports | Imports: $4.16B | $12.7B, 120 of 226 | 86 of 226
2020 Per Capita Product Exports | Imports: $7.93k | $24.2k, 25 of 219 | 10 of 219
2019 Service Exports | Imports : $8.25B | $5.47B, 27 of 76 | 37 of 76
Overview In 2020 Malta was the number 120 economy in the world in terms of total exports and the number 86 in total imports.
Exports The top exports of Malta are Electronic integrated circuits ($679M), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of... ($500M), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($378M), Unused postage, revenue or similar stamps of current or new issue in... ($267M), and Tricycles, scooters, pedal cars and similar wheeled toys; dolls' carriages; dolls; other... ($186M), exporting mostly to Germany ($496M), France ($310M), Italy ($259M), Singapore ($186M), and Japan ($180M).
Imports The top imports of Malta are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($3.46B), Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for... ($2.52B), Aircraft n.e.c. in heading no. 8801 (e.g. helicopters, aeroplanes); spacecraft (including satellites)... ($754M), Yachts and other vessels; for pleasure or sports, rowing boats and canoes ($484M), and Electronic integrated circuits ($324M), importing mostly from South Korea ($2.02B), Russia ($2.02B), Italy ($1.39B), China ($1.19B), and United Kingdom ($572M).
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Malta.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionData is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Electronic integrated circuits, $679M
Top Destination (2020): Germany, $2.02B
In 2020, Malta exported a total of $4.16B, making it the number 120 exporter in the world. During the last five reported years the exports of Malta have changed by -$601M from $4.77B in 2015 to $4.16B in 2020.
The most recent exports are led by Electronic integrated circuits ($679M), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of... ($500M), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($378M), Unused postage, revenue or similar stamps of current or new issue in... ($267M), and Tricycles, scooters, pedal cars and similar wheeled toys; dolls' carriages; dolls; other... ($186M). The most common destination for the exports of Malta are Germany ($496M), France ($310M), Italy ($259M), Singapore ($186M), and Japan ($180M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- India, $84.4M (+ 170%)
- Israel, $80.1M (+ 579%)
- Philippines, $37.2M (+ 120%)
Fastest Growing Import Markets (2019 - 2020)
- South Korea, $1.31B (+ 183%)
- Egypt, $318M (+ 156%)
- China, $239M (+ 25.1%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionMalta Exports Services (2019): $8.25B
Malta Imports Services (2019): $5.47B
In 2019, Malta exported $8.25B worth of services. The top services exported by Malta in 2019 were Financial services ($3.57B), Travel ($1.9B), Air transport ($1.01B), Miscellaneous business, professional, and technical services ($804M), and Other royalties and license fees ($733M).
The top services imported by Malta in 2019 were Financial services ($2.89B), Other royalties and license fees ($1.13B), Travel ($531M), Air transport ($375M), and Sea transport ($365M).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMalta has a high level of specialization in Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value; stamp-impressed paper; cheque forms; banknotes, stock, share or bond certificates and the like of similar title (281), Vessels; other, including warships and lifeboats, other than rowing boats (74.5), Vessels and other floating structures; for breaking up (54.5), Vegetables provisionally preserved; (e.g. by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions), but unsuitable in that state for immediate consumption (42.4), and Boats, floating structures, other (for e.g. rafts, tanks, coffer-dams, landing stages, buoys and beacons) (29.8). Specialization is measured using RCA, an index that takes the ratio between Malta observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Malta according to the product complexity index (PCI) are Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter (1.95), Nucleic acids and their salts, whether or not chemically defined; other heterocyclic compounds (1.57), Measuring or checking instruments, appliances and machines, n.e.c. or included in this chapter; profile projectors (1.54), Heterocyclic compounds with nitrogen hetero-atom(s) only (1.46), and Electronic integrated circuits (1.41). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Malta according to the relatedness index, are Aluminium; waste and scrap (0.13), volume; spirits, liqueurs and other spirituous beverages (0.13), Wrist-watches, pocket-watches, stop-watches and other watches, other than those of heading no. 9101 (0.13), Surveying (including photogrammetrical surveying), hydrographic, oceanographic, hydrological, meteorological or geophysical instruments and appliances, excluding compasses, rangefinders (0.13), and Collections and collectors' pieces; of zoological, botanical, mineralogical, anatomical, historical, archaeological, palaeontological, ethnographic or numismatic interest (0.12). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Malta is not specialized in.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
