Overview: In 2019 Malawi was the number 145 economy in the world in terms of GDP (current US$), the number 156 in total exports, the number 154 in total imports,
the number 186 economy in terms of GDP per capita (current US$) and the number 108 most complex economy according to the Economic Complexity Index (ECI).
In 2019, Malawi exported a total of $1.05B, making it the number 156 exporter in the world. During the last five reported years the exports of Malawi have changed by -$411M from $1.46B in 2014 to $1.05B in 2019.
In 2018, Malawi exported $184M worth of services. The top services exported by Malawi in 2018 were Telecommunications services ($42.7M), Business travel ($26.8M), Financial services ($16.6M), Other transport ($15.7M), and Other transport of which: Road transport ($11.1M).
The top services imported by Malawi in 2018 were Personal travel ($48.8M), Business travel ($47.6M), Air transport ($47.1M), Miscellaneous business, professional, and technical services ($44.9M), and Other transport ($32.5M).
*The tariffs applied to imports for Malawi are:115: Common Market for Eastern and Southern Africa (Group I) FTA Member States116: Common Market for Eastern and Southern Africa (Group II) Non-FTA Member States136: Most Favoured Nation duty rate treatement139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement274: Preferential tariff for Mozambique302: Preferential tariff for South Africa347: Regional Preferential tariff for SADC countries
During the last 20 years Malawi's economy has become relatively más complex, moving from the 133rd to the 108th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Malawi has a high level of specialization in Raw Tobacco (944), Tea (193), Ground Nuts (176), Dried Legumes (81.8), and Raw Sugar (59.7). Specialization is measured using RCA, an index that takes the ratio between Malawi observed and expected exports in each product.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.