Flag Malta

Product Exports (2018): $4.74B, Rank 114 of 222

Exports Per Capita (2018): $9.78k, Rank 129 of 219

Product Imports (2018): $14.8B, Rank 85 of 221

Imports Per Capita (2018): $30.6k, Rank 115 of 219

Service Exports (2017): $13.6B, Rank 47 of 139

Service Imports (2017): $9.69B, Rank 53 of 139

GDP (2018): $14.6B, CURRENT US$
Rank 125 of 196

GDP growth (2008 - 2018): 62.1%, CURRENT US$
Rank 67 of 196

GDP PC (2018): $30,098, CURRENT US$
Rank 36 of 196

GDP PC GROWTH (2008 - 2018): 37.3%, CURRENT US$
Rank 67 of 196

Overview: This page contains the latest international trade data for Malta, including service trade data, and tariffs. In 2018 Malta was the number 125 economy in the world in terms of GDP (current US$), the number 114 in total exports, and the number 85 in total imports. In 2018, Malta exported $4.74B and imported $14.8B, resulting in a negative trade balance of -$10.1B. In 2018, Malta's exports per capita were $9.78k and its imports per capita were $30.6k.

Trade: The top exports of Malta are Refined Petroleum ($943M), Integrated Circuits ($651M), Packaged Medicaments ($463M), Models and Stuffed Animals ($195M), and Low-voltage Protection Equipment ($157M). The top imports of Malta are Refined Petroleum ($5.87B), Passenger and Cargo Ships ($953M), Recreational Boats ($673M), Planes, Helicopters, and/or Spacecraft ($476M), and Coal Tar Oil ($374M).

Destinations: Malta exports mostly to Germany ($511M), France ($419M), Italy ($361M), Singapore ($282M), and Libya ($252M), and imports mostly from Russia ($4.15B), Italy ($2.02B), South Korea ($962M), United Kingdom ($755M), and Germany ($710M).

Location: Malta borders Italy and Libya by sea.

Yearly Exports

#permalink to section
Value
Depth

Top Export (2018): Refined Petroleum, $943M

Top Destination (2018): Germany, $511M

In 2018 Malta exported a total of $4.74B, making it the number 114 exporter in the world. During the last five reported years the exports of Malta have changed by -$2.55B from $7.29B in 2013 to $4.74B in 2018.

The most recent exports are led by Refined Petroleum ($943M), Integrated Circuits ($651M), Packaged Medicaments ($463M), Models and Stuffed Animals ($195M), and Low-voltage Protection Equipment ($157M). The most common destination for the exports of Malta are Germany ($511M), France ($419M), Italy ($361M), Singapore ($282M), and Libya ($252M).

Explore Visualizations

Yearly Imports

#permalink to section
Value
Depth

Top Import (2018): Refined Petroleum, $5.87B

Top Origin (2018): Russia, $4.15B

In 2018 Malta imported $14.8B, making it the number 85 trade destination in the world. During the last five reported years the imports of Malta changed by $3.13B from $11.7B in 2013 to $14.8B in 2018.

The most recent imports of Malta are led by Refined Petroleum ($5.87B), Passenger and Cargo Ships ($953M), Recreational Boats ($673M), Planes, Helicopters, and/or Spacecraft ($476M), and Coal Tar Oil ($374M). The most common import partners for Malta are Russia ($4.15B), Italy ($2.02B), South Korea ($962M), United Kingdom ($755M), and Germany ($710M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Malta 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).

Trade Forecasts

#permalink to section

This section shows forecasts for total product exports and imports for Malta. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Tariffs by Product

#permalink to section

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.

Explore Tariff Data

*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

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Malta has a high level of specialization in Postage Stamps (182), Asphalt Mixtures (30.4), Preserved Vegetables (30.2), Fish Fillets (20.4), and Granulated Slag (17.3). 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 section

The highest complexity exports of Malta according to the product complexity index (PCI) are Machines nes having individual functions (2), Gaskets and similar joints of metal sheet (1.86), Measuring or checking instruments nes (1.65), Tools for working in the hand, non-electric motor (1.65), and Machine-tools for forging, die-stamping, bending metal (1.44). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Malta according to the relatedness index, are Hard Liquor (0.14), Scrap Aluminium (0.14), Beer (0.13), Revenue Stamps (0.13), and Orthopedic Appliances (0.13). 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.

Diversification Frontier

#permalink to section
Filter
Depth

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.