Malta
2019 Product Exports | Imports: $4.72B | $15.4B, 117 of 225 | 85 of 225
2019 Per Capita Product Exports | Imports: $9.4k | $30.6k, 30 of 219 | 9 of 219
2017 Service Exports | Imports : $13.6B | $9.69B, 47 of 139 | 53 of 139
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).
Product Trade
#permalink to sectionYearly Exports
#permalink to sectionTop 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).
Yearly Imports
#permalink to sectionTop 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).
Monthly Trade
#permalink to sectionMarket Growth
#permalink to sectionFastest Growing Export Markets (2018 - 2019)
- United Arab Emirates, $73.5M (+ 366%)
- Germany, $71.7M (+ 14%)
- Spain, $53.1M (+ 43.4%)
Fastest Growing Import Markets (2018 - 2019)
- United Kingdom, $897M (+ 119%)
- Turkey, $400M (+ 95.4%)
- France, $394M (+ 92.9%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionMalta Exports Services (2017): $13.6B
Malta Imports Services (2017): $9.69B
In 2017, Malta exported $13.6B worth of services. The top services exported by Malta in 2017 were Personal, cultural, and recreational services ($3.94B), Miscellaneous business, professional, and technical services ($3.2B), Financial services ($3.19B), Travel ($1.72B), and Transportation ($996M).
The top services imported by Malta in 2017 were Miscellaneous business, professional, and technical services ($4.73B), Financial services ($2.7B), Transportation ($687M), Royalties and license fees ($521M), and Travel ($468M).
Tariffs
#permalink to sectionTariffs by Product
#permalink to sectionThe 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:
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMalta 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
#permalink to sectionThe 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
#permalink to sectionThe 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.
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 it is currently specialized in.
Diversification Frontier
#permalink to sectionThe 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.
