Decrease in exports and imports, increase in outbound tourists and …
Friday, October 19th, 2007Source: Malta Independent Online ()
The National Statistics Office has issued some figures and statistics in news releases in connection with the standard of living for January and August 2007. Some of these include: external trade, outbound tourism and employment.
When compared to August 2006, the visible trade gap narrowed by Lm14.1 million in August 2007, according to the International Trade Statistics Unit and Economic Statistic division. The decrease in imports reached Lm15 million while the decrease in exports amounted to Lm0.9 million. This decrease during August 2007 was mainly visible in the machinery and transport equipment sector.
For the first eight months of the year, higher import values were registered for fuel, lubricants and consumer goods, while industrial supplies and capital goods imports registered decreases. During this period the increase in exports was generated primarily by food, chemicals, miscellaneous manufactured articles and mineral fuels and lubricants.
The bulk of Malta’s trade flows and consequent trade deficit continued to be directed to the European Union during the first eight months of 2007.
According to the statistics compiled by the Tourism Statistics Unit, outbound Maltese tourists for August were estimated to be 35,836, implying an increase of 15.1 per cent over the same month last year. 88.4 per cent of these travelled by air.
A total of 29,177 Maltese tourists travelled to European Union destinations, the most popular being Italy and the UK.
Between January to August 2007, the number of Maltese passengers travelling by air and sea amounted to 188,163 which shows an increase of 12.1 per cent over the same period last year. 85.5 per cent of these travelled to European Union destinations, the most popular being Italy and the UK.
Male outbound travellers exceeded female ones as they account for 58.4 per cent of the total. Passengers between 25 and 44 years old comprised 45.3 per cent of outbound passengers while those …