Overview: This page contains the latest international trade data for Malawi, including service trade data, and tariffs. In 2018 Malawi was the number 149 economy in the world in terms of GDP (current US$), the number 151 in total exports, and the number 163 in total imports. In 2018, Malawi exported $998M and imported $1.51B, resulting in a negative trade balance of -$514M. In 2018, Malawi's exports per capita were $55 and its imports per capita were $83.3.
In 2018 Malawi exported a total of $998M, making it the number 151 exporter in the world. During the last five reported years the exports of Malawi have changed by -$359M from $1.36B in 2013 to $998M in 2018.
In 2018 Malawi imported $1.51B, making it the number 163 trade destination in the world. During the last five reported years the imports of Malawi changed by -$1.53B from $3.04B in 2013 to $1.51B in 2018.
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).
This section shows forecasts for total product exports and imports for Malawi. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*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 8 years Malawi's economy has become relatively more complex, moving from the 125th to the 103rd 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 (1.12k), Tea (215), Ground Nuts (124), Other Nuts (34), and Dried Legumes (31.5). Specialization is measured using RCA, an index that takes the ratio between Malawi observed and expected exports in each product.
The top export opportunities for Malawi according to the relatedness index, are Insect Resins (0.073), Maté (0.07), Gold (0.069), Crude Petroleum (0.068), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.065). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Malawi is not specialized in.
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.
Malawi
