Tag: Trade DEficit
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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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Trade deficit hits €904 million in July as exports plunge
Malta’s international trade in goods deteriorated sharply in July 2025, with provisional figures showing a deficit of €904 million, up from €640 million a year earlier. Imports rose by €141.6 million to €1.24 billion, while exports fell by €122.3 million to €335.6 million. The increase in imports was mainly driven by machinery and transport equipment…
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Trade deficit widens in June despite first-half improvement
Malta’s international trade deficit widened in June 2025 as imports surged and exports slipped, reversing the previous trend. Provisional figures published by the National Statistics Office (NSO) show the goods trade gap reaching €426.8 million, up from €350.6 million in June 2024. Imports climbed by €67.6 million to €798.5 million, driven largely by higher spending…
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Why US tariffs hurt European producers and how Malta can be affected
In April of this year, President Donald Trump unleashed a trade war against the world and declared that the Golden Age of America had begun. President Trump imposed tariffs on every country in his new policy aimed at increasing government revenue and compelling foreign companies to produce their products on US soil. Last Sunday, the…
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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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Trade between the EU and the US is more balanced than Trump projects when considering services and finance
Earlier today, US President Donald Trump published a statement saying that the US has “a massive financial deficit” with the European Union. This statement is incorrect. The US had a trade deficit of goods with the European Union of around €157 in 2023, but the EU had a services deficit of €107 billion with the…
