The latest International Trade figures released by NSO report that Malta’s exports are on an upward trend. Preliminary figures show that Malta registered a lower trade deficit this October, when compared to October of last year.

A similar reduction in the trade deficit occurred during the first ten months of this year where it narrowed by €90.0 million. The imports of capital goods and consumer goods still increased reflecting the notable increase in investment and consumption.

PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE

On the export side, total exports net of fuels increased by €30.0 million during the first ten months of this year. The main contributors to this increase in exports were the food category and miscellaneous manufacturing articles. Other increases were also recorded in exports of pharmaceutical products, machinery and mechanical appliances, vehicles and parts thereof and in the metals and plastics categories.

Minister for Finance, Prof. Edward Scicluna, remarked: “This positive performance is reflecting the turnaround in productive investments which the Government believes will be the main thrust behind the sustainable growth in employment and incomes.”

Friday 4th December 2015