Malta’s trade deficit narrowed to €191.7 million in December 2025, down from €367.7 million in the same month a year earlier. Exports increased by 15.2% year-on-year to €455.9 million, driven primarily by higher sales of mineral fuels, lubricants and related materials (€59.1 million). Among export destinations, Turkey registered the largest increase in shipments (€45.5 million), while exports to the United States of America recorded the steepest decline (€110.3 million).
Over the same period, imports fell by 15.1% to €647.6 million, reflecting lower purchases of mineral fuels, lubricants and related materials (€75.8 million), as well as machinery and transport equipment (€41.6 million). By source country, imports from Italy saw the sharpest decrease (€172.4 million), whereas imports from the Netherlands recorded the largest rise (€193.0 million).
For the full year 2025, Malta’s trade deficit narrowed by €444.1 million, reaching €4,321.0 million.
