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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MaltaMalta Balance of Trade fell to -339M in May 2026
FMPMonthlyReleased July 2026
Malta Balance of Trade fell to -339M in May 2026, released July 2026, down 12.1M from April's -326.9M reading. The print exceeded the -410M consensus by 71M. Balance of Trade has now declined for 4 consecutive months. Over the past 3 months, Balance of Trade averaged -287.15M, vs -191.95M in the prior 3-month window. Balance of Trade is now the lowest in 9 months.
Latest Release
-339
Actual
-410
Consensus
-326.9
Previous
Median Absolute Error
±113.46 million
across last 12 releases
Last Call
Jul 2026
Predicted: -414.13
Actual: -339
Error: -75.13
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.70 | CRYPTO | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.55 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.44 | FOREX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.37 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.32 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Malta) was reported at -339.00 million in July 2026. This beat the market consensus of -410.00 million by 71.00 million. The reading fell from the previous value of -326.90 million. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -325.99 million, ranging from -904.00 million to -72.20 million across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -304.43 million, down from the prior three at -140.40 million. Volatility over the past year (σ 204.90 million) is higher than the prior year (σ 91.48 million). In July readings over the past 3 years, Balance of Trade has averaged -327.10 million.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 113.46 million.
WHAT TO WATCH NEXT
The next release is scheduled for August 10, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Balance of Trade - MT
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About Balance of Trade — Malta
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual -339 M, consensus -410 M. Prior reading (Apr 2026): -314.8 M. Before that (Mar 2026): -259.5 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.70) — a useful reference for crypto-focused traders.
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