Exporting to Malta

Malta is an island located off the south coast of Italy. Malta has weathered the economic crises of the last few years well, and has a strong and vibrant economy. The country’s GDP has grown each year since 2014, standing at 6.8% in 2018 (IMF, 2019).

Growing UK export market

In the year ended June 2019, total UK exports to Malta amounted to £1.8 billion which was an increase of 60.4% compared to the previous year (ONS, 2019). This shows a significant and growing demand for UK goods and services in Malta, which UK businesses looking to export could benefit from.

Demand for goods and services

In the year ended June 2019, the top goods exported from the UK to Malta were ships, refined oil, cars, medicinal and pharmaceutical products and aircraft (ONS, 2019). In terms of services, the top services imported by Malta from the UK were travel, business services, transportation, financial services and telecommunications, computer and information services (ONS, 2019). Therefore, if you operate in any of these industries, Malta could be a good market for you.

Ease of doing business

88th

out of 190 countries (World Bank, 2018)

Currency

Euro

Business language

English, Maltese

You may need a translator

GDP per capita

$30,609

UK is $42,558 (IMF, 2018)

Economic growth

6.8%

(IMF, 2018)

Time zone

GMT +1

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.