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Malta

Malta ranked No. 145 in total trade value through February with a total of $35.5 million. Exports totaled $7.94 million and Imports totaled $27.56 million, a deficit of $19.62 million.

January – February 2019

Top Trading Ports

Total Trade: $35.5 million

RankPortTotal YTD
1Los Angeles International Airport $9,262,131
2Chicago O’Hare International Airport $7,769,137
3Cleveland’s Hopkins International Airport, Ohio $2,504,521
4Port of Newark $1,691,092
5Port of Savannah, Ga. $1,454,785
6Port of New Orleans $1,334,971
7Port of Houston $1,299,331
8John F. Kennedy International Airport $1,221,719
9Port of Virginia $1,127,710
10Philadelphia International Airport $962,359

U.S. trade with Malta rose to $35.5 million through February

Malta’s trade with the United States rose to $35.5 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 15.65 percent below its total trade during the same time period last year. Malta’s exports decreased 55.32 percent while imports rose 13.35 percent. The U.S. deficit with Malta was $19.62 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Los Angeles International Airport; No. 2 Chicago O’Hare International Airport; No. 3 Cleveland’s Hopkins International Airport, Ohio; No. 4 Port of Newark; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Los Angeles International Airport No. 2 Port of Morgan City, La. No. 3 Port of Virginia No. 4 Chicago O’Hare International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 63.89 percent of Malta’s U.S. trade.

Among those top five:

  • Trade with No. 1 Los Angeles International Airport fell 9.71 percent to $9.26 million.
    Exports fell 11.81 percent to $344,514. Imports fell 9.63 percent to $8.92 million.
  • Trade with No. 2 Chicago O’Hare International Airport rose 205.74 percent to $7.77 million.
    Exports fell 19.35 percent to $126,733. Imports rose 220.58 percent to $7.64 million.
  • Trade with No. 3 Cleveland’s Hopkins International Airport, Ohio rose 38.39 percent to $2.5 million.
    Exports rose 76.62 percent to $1.8 million. Imports fell 10.71 percent to $707,418.
  • Trade with No. 4 Port of Newark fell 26.89 percent to $1.69 million.
    Exports fell 89.34 percent to $84,402. Imports rose 5.62 percent to $1.61 million.
  • Trade with No. 5 Port of Savannah, Ga. rose 22.67 percent to $1.45 million.
    Exports fell 3.08 percent to $750,519. Imports rose 71.1 percent to $704,266.

Malta ranked No. 145 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 138.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Malta by value through February were the categories of Civilian aircraft, parts; Insulated wire, cable; Wood, sawed or chipped, greater than 6 meters thic; Motor vehicles for transporting people; and Medical technology, respectively. They accounted for 32.54 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; Plastic boxes, containers; Misc. articles of unhardened vulcanized rubber; and Misc. plastic articles –– accounted for 75.51 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 32.51 percent compared to last year to $1.09 million.
  • Insulated wire, cable rose 1264.32 percent compared to last year to $582,566.
  • Wood, sawed or chipped, greater than 6 meters thic fell 34.02 percent compared to last year to $336,492.
  • Motor vehicles for transporting people rose 90.6 percent compared to last year to $293,523.
  • Medical technology rose 75.78 percent compared to last year to $284,170.

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

  • Computer chips rose 31.6 percent compared to last year to $15.8 million.
  • Electrical supplies, apparatus, less than 1000V fell 16.82 percent compared to last year to $2.63 million.
  • Plastic boxes, containers rose 52.81 percent compared to last year to $974,103.
  • Misc. articles of unhardened vulcanized rubber fell 23.86 percent compared to last year to $761,795.
  • Misc. plastic articles fell 10.65 percent compared to last year to $637,006.

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.