Tag: exports
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Maltese exports to Turkey keep increasing offsetting decline to the US
According to the latest statistics by the NSO, Maltese exports to Turkey have kept increasing offsetting their decrease to the US. Exports to Turkey have gone up by €66.1 million (up to €122.9 million) and exports to the US went down to €131.4 million for this year until October, with US exports coming €115.6 million…
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EU exports to the US go lower in Q3 while imports go higher as Trump’s tariffs take effect
According to the latest Eurostat’s statistics, EU exports to the US in the third quarter of this year have come out significantly lower than the same quarter of last year after EU Commission President Ursula von der Leyen agreed to a 15% tariffs on EU products by the US. The decision was criticised by many…
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The EU does €1.44 trillion of service exports in 2023
According to latest statistics by Eurostat, the EU did a total of €1.44 billion in services exports in 2023. 53.5% of these exports come from large companies with 250 employees or more. Medium-sized enterprisers between 50 and 250 employees contributed 10% of the share of services exports and small enterprises of up to 49 employees…
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Malta’s foreign trade declining compared to last year
According to the latest NSO statistics, Malta’s foreign trade for May came out less than the same month of last year. Malta also registered a smaller trade deficit as a result with May’s 2025 trade deficit registering at €273.2 million and May 2024 at €388.7 million. Exports in May 2025 decreased by €78.1 million compared…
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The US remains Europe’s largest car market, followed by the United Kingdom and China
In 2024 the US remained the largest purchaser of European cars buying in total up to €38.9 billion worth of cars. The figure is slightly lower than 2023 figures at €40 billion. The UK followed suit with up to €34.3 billion in EU car imports, and then China with €14.5 billion, followed by Türkiye (€12.0…
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Austria: Russia’s quiet friend in the heart of Europe
Austria has reaped great dividends during Russia’s war on Ukraine by historically having a good relationship with Vladimir Putin. Austria has been allowed an exception by the EU to keep buying gas from Gazprom as of very recently and the biggest Western bank operating in Russia right now is Austrian. Raiffeisen Bank is now having…
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Large oil exports from Malta to Nigeria took place ship-to-ship in Hurd’s Bank
After various confirmations from local maritime authorities and officials familiar with the work of Malta’s Sanctions Monitoring Board, The Maltese Herald can confirm that the large oil sales recorded in Malta to Nigeria, took place via ship-to-ship transfers in Hurd’s Bank. Given that Malta was the nearest location where these trades took place, they were…
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Germany is still a major exporter to Russia
When discussing Germany’s small but significant military aid to Ukraine, it is important to compare it with its exports to Russia – exports that are also contributing to Russia’s war on Ukraine. Germany is literally profiting from Putin’s war on Ukraine. Although Germany has halted directed exports to Russia, Russian companies are still importing German…
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Nigeria reports $2.25 billion of oil imports from Malta
Nigeria has reported $2.25 billion of oil imports from Malta. In 2015 Malta exported at least $117 million of oil to Nigeria. Rumours are abound in the Nigerian Press that Nigerian government officials have an oil blending plant in Malta but Malta has no such oil plants. Malta has no oil…
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Malta’s relationship with Iran
Following the Maltese MPs’ visit to the Free Iran Conference in Paris last week, it is noteworthy to check on Malta’s official relationship with Iran. The Maltese government has a nominal relationship with Iran and we don’t share embassies. Apparently there is a Maltese honorary consulate in Iran and the designated Maltese Embassy handling Iranian…
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What national interest is Viktor Orban defending, actually? Hungary is the second poorest country in the EU
Polish Prime Minister Donald Tusk has recently said that the EU is suffering from “Viktor Orban fatigue”. EU leaders are tired of having to strong-arm Hungary into accepting its united positions on foreign policy, especially on Ukraine and Russia. Hungary has taken an altogether different position from the EU on Russia and Ukraine, and apart…
