FX.co ★ Malta Trade Gap Largest in 10 Months

In June 2025, Malta experienced an increase in its trade deficit, reaching EUR 426.8 million, compared to EUR 350.6 million in the same month the previous year. This represents Malta's largest trade deficit since August of the previous year. The widening gap was primarily due to a rise in imports coupled with a decline in exports. Specifically, imports rose by 9.3% year-on-year, totaling EUR 798.5 million, which was largely driven by a 44.1% increase in the acquisition of capital goods and other items, and a 24.5% rise in the purchase of fuels and lubricants. Conversely, exports fell by 2.2% to EUR 371.7 million, significantly impacted by a 46.8% decrease in the export of capital goods and other items and a 1.8% reduction in fuels and lubricants. Despite this monthly snapshot, over the first six months of the year, Malta's trade deficit actually decreased to EUR 1,926.8 million from EUR 1,971.8 million during the same period last year.