• Analysis and Studies
• Malta: a look at the market

Situated in the heart of the Mediterranean, in the South of Sicily, Malta is a small EU country which consists of an archipelago of three islands: Malta, Gozo and Comino.

The rich history of the country has its roots in the dawn of civilization, and it has been marked by various influences from across Europe, with the French and the British being the last ones to leave traces of their presence in Malta and its population.

Thanks to its location, the 10^th smallest country in the world has always been of great strategical importance as a naval base.

The economy of Malta

As a popular holiday destination, Malta is largely dependent on tourism. Since 2004, when it became a member of the European Union, the country has been developing in many sectors, starting from the industrial area. However, the tertiary is the fastest growing sector of the Maltese economy.

In 2021 Malta was the number 119 economy in the world in terms of total exports and the number 86 in total imports.

The top exports of Malta are Integrated Circuits ($732M), Refined Petroleum ($681M), Packaged Medicaments ($620M), Documents of title (bonds etc) and unused stamps ($306M), and Other toys ($182M), exporting mostly to Germany ($496M), Italy ($362M), Singapore ($321M), France ($287M), and Japan ($209M).

On the other side, its top imports are Refined Petroleum ($4.33B), Passenger and Cargo Ships ($4.31B), Planes, Helicopters, and/or Spacecraft ($1.38B), Recreational Boats ($534M), and Integrated Circuits ($418M), importing mostly from South Korea ($3.04B), Russia ($2.1B), Italy ($2.02B), China ($1.96B), and Ireland ($801M).