Malta's visible trade deficit narrowed for the third consecutive quarter in the first three months of the year, data released by the National Statistics Office showed Thursday.
The trade deficit shrunk to EUR 257.7 million in the first quarter from EUR 271.1 million in the previous three months. In the first quarter of 2011, the shortfall was EUR 403.2 million.
Exports value declined to EUR 1.012 billion from EUR 1.439 billion in the fourth quarter of 2011. Imports figure dropped to EUR 1.270 billion from EUR 1.711 billion.
In March, the country recorded a trade deficit of EUR 95.5 million, which was less than the EUR 137.7 million shortfall logged a year ago.
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