Because it depends on external sources for much of its food, fuel, raw materials, and manufactured articles, Malta imports considerably more than it exports.
Most of Malta's commodity exports are electronic microcircuits (62%). Other export commodities include clothes(5.9%), refined petroleum products (4.4%), and toys (4.3%).
In 2000 Malta's imports were distributed among the following categories:
Consumer goods | 11.9% |
Food | 7.1% |
Fuels | 7.2% |
Industrial supplies | 14.6% |
Machinery | 53.1% |
Transportation | 6.1% |
Principal trading partners in 2000 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
United States | 667 | 361 | 306 |
Singapore | 378 | 502 | -124 |
Germany | 234 | 278 | -44 |
France | 195 | 642 | -447 |
United Kingdom | 177 | 273 | -96 |
Switzerland | 157 | 52 | 105 |
Japan | 92 | 67 | 25 |
Italy | 82 | 569 | -487 |
Belgium | 47 | 38 | 9 |
Libya | 35 | 37 | -2 |
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