Malta Import Data
The Republic of Malta is another name for Malta. It is an EU member state that is an island nation. As an island nation, it borders Libya and Italy through the sea. The majority religion practiced by individuals is Catholicism. The minority is made up of other religions. According to Malta trade statistics, Malta ranked 124th out of 226 nations in terms of total imports in 2023. In today's globalized world, trade between countries has become essential for economic growth and development. Malta, a small island nation located in the Mediterranean Sea, relies heavily on imports to meet its domestic requirements and to drive its economy forward. Understanding Malta's import data is crucial for businesses and policymakers alike, as it provides valuable insights into the country's trade dynamics, market opportunities, and potential challenges.
Malta's import data indicates that in 2023, the value of its goods imports reached $8.39 billion. Malta saw a 2% decline in goods imports in comparison to the previous year. Based on Malta shipment data for 2023, mineral fuels and oils are Malta’s biggest imports, while Italy is its biggest import partner. Malta’s GDP is $20.96 billion, with a GDP import share of 56.2%. Malta is a part of trading blocs such as the EU, WTO, and GATT. Let us delve into Malta's import data for 2023, exploring key trends and analyzing their implications.