Malta

Malta ranked No. 124 in total trade value through May with a total of $123.76 million. Exports totaled $70.84 million and Imports totaled $52.92 million, a surplus of $17.93 million.

U.S. trade with Malta rose to $112.81 million through May

Malta’s trade with the United States rose to $112.81 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 18.59 percent below its total trade during the same time period last year. U.S. exports to Malta decreased 17.73 percent while U.S. imports from Malta fell 19.85 percent. The U.S. surplus with Malta was $22.16 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Chester, Penn.; No. 2 Chicago O’Hare International Airport; No. 3 Port of Baltimore, Md.; No. 4 Los Angeles International Airport; and No. 5 Sabine Pass, Texas Port Authority Marina. During the same period the previous year, the top five 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. In the current time period, the top five accounted for 54.03 percent of Malta’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Chester, Penn. rose 774550 percent to $18.1 million.
    Exports totaled $18.09 million. Imports rose 391.44 percent to $11,485.
  • Trade with No. 2 Chicago O’Hare International Airport fell 24.39 percent to $13.43 million.
    Exports rose 4.25 percent to $787,340. Imports fell 25.66 percent to $12.64 million.
  • Trade with No. 3 Port of Baltimore, Md. rose 2261.25 percent to $13.33 million.
    Exports rose 2487.11 percent to $13.33 million. Imports fell 98.81 percent to $587.
  • Trade with No. 4 Los Angeles International Airport fell 55.56 percent to $11.12 million.
    Exports fell 45.94 percent to $1.08 million. Imports fell 56.4 percent to $10.03 million.
  • Trade with No. 5 Sabine Pass, Texas Port Authority Marina totaled $10.9 million.
    Exports totaled $10.9 million. There were no imports.

Malta ranked No. 124 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 $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Malta by value through May were the categories of LNG, other petroleum gases; Oil; Civilian aircraft, parts; Medical instruments; and Low value shipments, respectively. They accounted for 78.67 percent of total exports to Malta.

The value of the top five categories of U.S. imports from Malta –– Computer chips; Medicines in individual dosages; Electrical supplies, apparatus, less than 1000V; Misc. articles of unhardened vulcanized rubber; and Air conditioning machines –– accounted for 66.96 percent of all inbound shipments.

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

  • LNG, other petroleum gases rose 2609.1 percent compared to last year to $42.04 million.
  • Oil totaled $7.13 million. The previous year, there were no exports in this category.
  • Civilian aircraft, parts fell 94.07 percent compared to last year to $3.82 million.
  • Medical instruments rose 100.99 percent compared to last year to $1.76 million.
  • Low value shipments rose 47.59 percent compared to last year to $992,650.

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

  • Computer chips fell 42.88 percent compared to last year to $20.71 million.
  • Medicines in individual dosages rose 70762 percent compared to last year to $7.09 million.
  • Electrical supplies, apparatus, less than 1000V fell 26.93 percent compared to last year to $4.55 million.
  • Misc. articles of unhardened vulcanized rubber fell 15.72 percent compared to last year to $1.56 million.
  • Air conditioning machines rose 58.38 percent compared to last year to $1.52 million.

In the latest annual figures available, Malta recorded $315.13 million in trade with the United States. Total U.S. exports to Malta were $ 143.65 million and imports from Malta were $171.48 million. The U.S. deficit with Malta was $27.83 million.