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Malta

Malta ranked No. 129 in total trade value through August with a total of $234.31 million. Exports totaled $118.86 million and Imports totaled $115.45 million, a surplus of $3.41 million.

January – August 2019

Top Trading Ports

Total Trade: $234.31 million

RankPortTotal YTD
1Port of Savannah, Ga. $67,623,793
2Los Angeles International Airport $40,304,868
3Chicago O’Hare International Airport $28,548,479
4Port of Pascagoula, Miss. $16,469,351
5Cleveland’s Hopkins International Airport, Ohio $9,695,180
6Port of Houston $8,734,200
7Port of Newark $8,231,811
8Port of New Orleans $6,943,228
9John F. Kennedy International Airport $6,296,726
10Port of Virginia $5,551,676

U.S. trade with Malta rose to $234.31 million through August

Malta’s trade with the United States rose to $234.31 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.28 percent below its total trade during the same time period last year. U.S. exports to Malta decreased 32 percent while U.S. imports from Malta fell 6.03 percent. The U.S. surplus with Malta was $3.41 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Savannah, Ga.; No. 2 Los Angeles International Airport; No. 3 Chicago O’Hare International Airport; No. 4 Port of Pascagoula, Miss.; and No. 5 Cleveland’s Hopkins International Airport, Ohio. During the same period the previous year, the top five were No. 1 Port of Morgan City, La. No. 2 Los Angeles International Airport No. 3 Port of Freeport, Texas No. 4 Brownsville International Bridges and No. 5 Port of Lake Charles, La.. In the current time period, the top five accounted for 69.41 percent of Malta’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Savannah, Ga. rose 926.72 percent to $67.62 million.
    Exports rose 1334.35 percent to $64.33 million. Imports rose 56.59 percent to $3.29 million.
  • Trade with No. 2 Los Angeles International Airport fell 10.27 percent to $40.3 million.
    Exports rose 9.7 percent to $2.69 million. Imports fell 11.42 percent to $37.62 million.
  • Trade with No. 3 Chicago O’Hare International Airport rose 142.55 percent to $28.55 million.
    Exports fell 25.04 percent to $1.06 million. Imports rose 165.35 percent to $27.49 million.
  • Trade with No. 4 Port of Pascagoula, Miss. totaled $16.47 million.
    Exports totaled $16.47 million. There were no imports.
  • Trade with No. 5 Cleveland’s Hopkins International Airport, Ohio fell 13.44 percent to $9.7 million.
    Exports fell 7.02 percent to $6.37 million. Imports fell 23.53 percent to $3.33 million.

Malta ranked No. 129 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 127.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Malta by value through August were the categories of Civilian aircraft, parts; Gasoline, other fuels; Medical instruments for surgeons, dentists, vets; Value added to a returned import; and Petroleum gases, other gaseous hydrocarbons, respectively. They accounted for 73.51 percent of total exports to Malta.

The value of the top five categories of U.S. imports from Malta –– Computer chips; Electrical supplies, apparatus, less than 1000V; Value added to a returned import; Insulin, hormones and steroids; and Misc. articles of unhardened vulcanized rubber –– accounted for 70.45 percent of all inbound shipments.

Looking more closely at U.S. exports to Malta:

  • Civilian aircraft, parts rose 1150.15 percent compared to last year to $65.32 million.
  • Gasoline, other fuels rose 459.26 percent compared to last year to $16.47 million.
  • Medical instruments for surgeons, dentists, vets rose 42.67 percent compared to last year to $2.4 million.
  • Value added to a returned import rose 343.61 percent compared to last year to $1.63 million.
  • Petroleum gases, other gaseous hydrocarbons fell 96.59 percent compared to last year to $1.55 million.

Looking more closely at U.S. imports from Malta:

  • Computer chips rose 7.5 percent compared to last year to $57.02 million.
  • Electrical supplies, apparatus, less than 1000V fell 22.9 percent compared to last year to $9.38 million.
  • Value added to a returned import rose 213.58 percent compared to last year to $7.79 million.
  • Insulin, hormones and steroids fell 36.72 percent compared to last year to $4.3 million.
  • Misc. articles of unhardened vulcanized rubber rose 2.58 percent compared to last year to $2.83 million.

In the latest annual figures available, Malta recorded $461.98 million in trade with the United States. At year’s end, its were New Orleans; Los Angeles; New York City; Phoenix/Nogales; and Houston. Total U.S. exports to Malta were $ 299.29 million and imports from Malta were $162.69 million. The U.S. surplus with Malta was $136.61 million.