Overview In 2019 Malta was the number 123 economy in the world in terms of GDP (current US$), the number 117 in total exports, the number 85 in total imports, the number 35 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Malta are Integrated Circuits ($662M), Refined Petroleum ($640M), Packaged Medicaments ($387M), Models and Stuffed Animals ($206M), and Postage Stamps ($187M), exporting mostly to Germany ($586M), France ($431M), Italy ($402M), Japan ($210M), and Singapore ($207M).

Imports The top imports of Malta are Refined Petroleum ($5.48B), Recreational Boats ($1.5B), Passenger and Cargo Ships ($1.16B), Planes, Helicopters, and/or Spacecraft ($864M), and Coal Tar Oil ($384M), importing mostly from Russia ($3.38B), Italy ($1.77B), United Kingdom ($1.65B), Germany ($907M), and Turkey ($820M).

Location Malta borders Italy and Libya by sea.

Historical Data

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Yearly Exports

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Top Export (2019): Integrated Circuits, $662M

Top Destination (2019): Germany, $586M

In 2019, Malta exported a total of $4.72B, making it the number 117 exporter in the world. During the last five reported years the exports of Malta have changed by -$1.18B from $5.91B in 2014 to $4.72B in 2019.

The most recent exports are led by Integrated Circuits ($662M), Refined Petroleum ($640M), Packaged Medicaments ($387M), Models and Stuffed Animals ($206M), and Postage Stamps ($187M). The most common destination for the exports of Malta are Germany ($586M), France ($431M), Italy ($402M), Japan ($210M), and Singapore ($207M).

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Yearly Imports

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Top Import (2019): Refined Petroleum, $5.48B

Top Origin (2019): Russia, $3.38B

In 2019 Malta imported $15.4B, making it the number 85 trade destination in the world. During the last five reported years the imports of Malta changed by -$1.27B from $16.7B in 2014 to $15.4B in 2019.

The most recent imports of Malta are led by Refined Petroleum ($5.48B), Recreational Boats ($1.5B), Passenger and Cargo Ships ($1.16B), Planes, Helicopters, and/or Spacecraft ($864M), and Coal Tar Oil ($384M). The most common import partners for Malta are Russia ($3.38B), Italy ($1.77B), United Kingdom ($1.65B), Germany ($907M), and Turkey ($820M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Malta 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).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Malta are Sugar beet (178%) and Whey (173%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Malta are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
119: Customs Union between EU and Turkey
121: Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA Group
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
124: European Union GSP for Least Developed Countries
136: Most Favoured Nation duty rate treatement
160: Preferential tariff for Albania
161: Preferential tariff for Algeria
162: Preferential tariff for Andorra
172: Preferential tariff for Bosnia and Herzegovina
177: Preferential tariff for Cameroon
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado Común Centroamericano MCCA) Central American Integration System SICA
182: Preferential tariff for Chile
189: Preferential tariff for Colombia
205: Preferential tariff for Ecuador
206: Preferential tariff for Egypt
209: Preferential tariff for EPA countries
218: Preferential tariff for European Union countries
222: Preferential tariff for Faroe Islands
223: Preferential tariff for Fiji
224: Preferential tariff for for occupied Palestinian territory
226: Preferential tariff for Georgia
227: Preferential tariff for Ghana
238: Preferential tariff for Iceland
239: Preferential tariff for India
244: Preferential tariff for Israel
247: Preferential tariff for Jordan
249: Preferential tariff for Korea, Republic of
255: Preferential tariff for Lebanon
258: Preferential tariff for Liechtenstein
262: Preferential tariff for Macedonia
270: Preferential tariff for Mexico
272: Preferential tariff for Montenegro
273: Preferential tariff for Morocco
281: Preferential tariff for Norway
283: Preferential tariff for Overseas Countries and Territories
284: Preferential tariff for Pakistan
287: Preferential tariff for Papua New Guinea
289: Preferential tariff for Peru
293: Preferential tariff for San Marino
295: Preferential tariff for Selected Eastern and Southern African countries(Madagascar, Mauritius, Seychelles and Zimbabwe)
299: Preferential tariff for Singapore
302: Preferential tariff for South Africa
306: Preferential tariff for Switzerland
308: Preferential tariff for Syria
318: Preferential tariff for the republic of Moldova
321: Preferential tariff for Tunisia
325: Preferential tariff for Ukraine
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Economic Complexity

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Most Specialized Products by RCA Index

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Malta has a high level of specialization in Postage Stamps (254), Preserved Vegetables (34.9), Scrap Vessels (29.4), Flax Woven Fabric (28.5), and Ethers (20). 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

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The highest complexity exports of Malta according to the product complexity index (PCI) are Machines nes having individual functions (2.05), Measuring or checking instruments nes (1.93), Tools for working in the hand, non-electric motor (1.64), Gaskets and similar joints of metal sheet (1.55), and Equipment to measure fluid flow, level, pressure, etc (1.51). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Malta according to the relatedness index, are Hard Liquor (0.15), Flavored Water (0.14), Beer (0.14), Surveying Equipment (0.14), and Orthopedic Appliances (0.14). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Malta is not specialized in.

The 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 it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of Malta. These are products that tend to be co-exported with the products that Malta exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.