Malta’s trade deficit narrowed to €209.4 million in February 2026 from €225 million in the same month a year earlier. Exports fell 11% year-on-year to €324.8 million, weighed down by lower sales of mineral fuels, lubricants and related materials (€25.3 million) and miscellaneous transactions and commodities (€24.4 million), partly offset by an increase in food (€12.2 million). Turkey registered the largest decrease of exports (€42.2 million), partly offset by the highest increase recorded in Egypt (€12.6 million). Meanwhile, imports fell at a slower pace of 9.4% to €534.3 million, primarily due to lower purchases of mineral fuels, lubricants and related materials (€30.1 million), chemicals (€19.6 million), and miscellaneous transactions and commodities (€8.8 million). Imports from Italy registered the largest drop (€57.1 million), while imports rose in the Netherlands (€48.7 million). On a cumulative basis, the trade deficit narrowed to €401.4 million from €546.3 million.