Malta
2021 Product Exports | Imports: $5.04B | $16.9B, 119 of 226 | 86 of 226
2021 Per Capita Product Exports | Imports: $9.75k | $32.8k, 36 of 219 | 9 of 219
2020 Service Exports | Imports : $6.53B | $9.04B, 36 of 65 | 30 of 65
Overview In 2021 Malta was the number 119 economy in the world in terms of total exports and the number 86 in total imports.
Exports The top exports of Malta are Integrated Circuits ($732M), Refined Petroleum ($681M), Packaged Medicaments ($620M), Documents of title (bonds etc) and unused stamps ($306M), and Other toys ($182M), exporting mostly to Germany ($496M), Italy ($362M), Singapore ($321M), France ($287M), and Japan ($209M).
Imports The top imports of Malta are Refined Petroleum ($4.33B), Passenger and Cargo Ships ($4.31B), Planes, Helicopters, and/or Spacecraft ($1.38B), Recreational Boats ($534M), and Integrated Circuits ($418M), importing mostly from South Korea ($3.04B), Russia ($2.1B), Italy ($2.02B), China ($1.96B), and Ireland ($801M).
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 sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*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 (2021): Integrated Circuits, $732M
Top Destination (2021): Germany, $496M
In 2021, Malta exported a total of $5.04B, making it the number 119 exporter in the world. During the last five reported years the exports of Malta have changed by -$361M from $5.4B in 2016 to $5.04B in 2021.
The most recent exports are led by Integrated Circuits ($732M), Refined Petroleum ($681M), Packaged Medicaments ($620M), Documents of title (bonds etc) and unused stamps ($306M), and Other toys ($182M). The most common destination for the exports of Malta are Germany ($496M), Italy ($362M), Singapore ($321M), France ($287M), and Japan ($209M).
Market Growth
#permalink to sectionService Trade
#permalink to sectionService Trade
#permalink to sectionMalta Exports Services (2020): $6.53B
Malta Imports Services (2020): $9.04B
In 2020, Malta exported $6.53B worth of services. The top services exported by Malta in 2020 were Financial services ($3.79B), Other royalties and license fees ($837M), Miscellaneous business, professional, and technical services ($788M), Air transport ($613M), and Travel ($417M).
The top services imported by Malta in 2020 were Miscellaneous business, professional, and technical services ($3.59B), Financial services ($3.08B), Other royalties and license fees ($1.29B), Sea transport ($294M), and Air transport ($248M).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMalta has a high level of specialization in Documents of title (bonds etc) and unused stamps (409), Preserved Vegetables (44), Granulated Slag (37.1), Fish Fillets (22.8), and Wheat Gluten (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 Machinery Having Individual Functions (1.87), Other Measuring Instruments (1.51), Other Hand Tools (1.48), Integrated Circuits (1.45), and Gaskets (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, were Hard Liquor (0.14), Scrap Aluminium (0.14), Paintings (0.13), Other Floating Structures (0.13), and Collector's Items (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.
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.
