Supplementary Declaration is the system for collecting data on the trade in goods between the countries of the European Union (EU). This system, known as Intrastat in most Member States, has been operating since the 1 January 1993 and, replaced customs declarations as the source of trade statistics within the EU. The requirements of Supplementary Declaration are similar in all Member States of the EU.
Trade statistics are an essential part Malta’s system of economic statistics. These are an essential part of the country’s balance of payments account and are regarded as an important economic indicator of the performance of Malta’s economy. As a very open economy, Malta is heavily dependent on international trade. Both import and export data are used as indicators of the state of health of the Maltese economy and in particular of the country’s manufacturing sector.
Trade statistics are used by Government to help set overall trade policy and generate initiatives on new trade areas. The commercial world uses statistics to assess markets internally (e.g. to gauge import penetration) and externally (e.g. to establish new markets for their goods).
In addition to the above, Malta contributes statistical information to European and international bodies such as Eurostat (the Statistical Office of the European Communities), the United Nations and the International Monetary Fund.