Preliminary figures show that in January 2016, Malta’s trade
deficit stood at €104.5 million, down by €7.9 million compared to the corresponding month of 2015, the National Statistics Office said
today.

Both imports and exports decreased by €120.5 million and €112.6 million respectively. The decrease in the value of imports was primarily
due to mineral fuels, lubricants and related materials. Likewise, the same commodity group accounted for the main decrease in exports
(€99.8 million).

Malta’s trade imports from the European Union reached €187.0 million, or 63.2 per cent of total imports. There was a decrease of
€13.9 million in imports from euro area countries when compared to the same period in 2015.

Main increases and decreases in imports were registered from Germany (€4.4 million) and the United States of America (€47.2 million)
respectively. On the export side the main increase was directed to France (€9.1 million), whereas Egypt (€54.1 million) registered the
highest decrease

.

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