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Malta

Malta ranked No. 131 in total trade value through October with a total of $339.31 million. Exports totaled $184.83 million and Imports totaled $154.48 million, a surplus of $30.35 million.

January – October 2018

Top Trading Ports

Total Trade: $339.31 million

RankPortTotal YTD
1Los Angeles International Airport $58,653,475
2Port of Morgan City, La. $48,545,719
3Port of Freeport, Texas $26,007,455
4Brownsville International Bridges $22,781,827
5Port of Lake Charles, La. $19,473,035
6Chicago O’Hare International Airport $18,400,901
7Cleveland’s Hopkins International Airport, Ohio $14,429,564
8Port of Newark $12,068,370
9Port Laredo $11,249,163
10Dallas-Fort Worth International Airport, Texas $10,110,451

U.S. trade with Malta rose to $339.31 million through October

Malta’s trade with the United States rose to $339.31 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.2 percent above its total trade during the same time period last year. Malta’s exports decreased 5 percent while imports rose 12.4 percent. The U.S. surplus with Malta was $30.35 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Los Angeles International Airport; No. 2 Port of Morgan City, La.; No. 3 Port of Freeport, Texas; No. 4 Brownsville International Bridges; and No. 5 Port of Lake Charles, La.. During the same period the previous year, the top five were No. 1 Los Angeles International Airport No. 2 Tucson International Airport, Ariz. No. 3 Port of Newark No. 4 Port of Houston and No. 5 Port of New York. In the current time period, the top five accounted for 51.71 percent of Malta’s U.S. trade.

Among those top five:

  • Trade with No. 1 Los Angeles International Airport fell 12.36 percent to $58.65 million.
    Exports fell 35.5 percent to $3.02 million. Imports fell 10.62 percent to $55.63 million.
  • Trade with No. 2 Port of Morgan City, La. rose 795.16 percent to $48.55 million.
    Exports rose 794.77 percent to $48.52 million. Imports totaled $21,144.
  • Trade with No. 3 Port of Freeport, Texas totaled $26.01 million.
    Exports totaled $26.01 million. There were no imports.
  • Trade with No. 4 Brownsville International Bridges totaled $22.78 million.
    Exports totaled $22.76 million. Imports totaled $17,931.
  • Trade with No. 5 Port of Lake Charles, La. totaled $19.47 million.
    Exports totaled $19.47 million. There were no imports.

Malta ranked No. 131 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 121.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Malta by value through October were the categories of Petroleum gases, other gaseous hydrocarbons; Iron and steel pipes and tubing; Misc. iron, steel tubes, pipes; Ethyl alcohol; and Civilian aircraft, parts, respectively. They accounted for 64.34 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; Computers; Insulin, hormones and steroids; and Toys, children’s bicycles, games –– accounted for 70.44 percent of all inbound shipments.

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

  • Petroleum gases, other gaseous hydrocarbons totaled $45.49 million. The previous year, there were no exports in this category.
  • Iron and steel pipes and tubing rose 701.48 percent compared to last year to $39.5 million.
  • Misc. iron, steel tubes, pipes totaled $18.36 million. The previous year, there were no exports in this category.
  • Ethyl alcohol totaled $8.67 million. The previous year, there were no exports in this category.
  • Civilian aircraft, parts fell 87.89 percent compared to last year to $6.9 million.

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

  • Computer chips rose 6.19 percent compared to last year to $69.08 million.
  • Electrical supplies, apparatus, less than 1000V rose 22.92 percent compared to last year to $15.15 million.
  • Computers rose 12686 percent compared to last year to $11.28 million.
  • Insulin, hormones and steroids rose 356.8 percent compared to last year to $9.26 million.
  • Toys, children’s bicycles, games rose 97.33 percent compared to last year to $4.04 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.