In 2020, Malawi exported a total of $937M, making it the number 156 exporter in the world. During the last five reported years the exports of Malawi have changed by -$257M from $1.19B in 2015 to $937M in 2020.
In 2019, Malawi exported $182M worth of services. The top services exported by Malawi in 2019 were Computer and information services ($44.1M), Transportation ($30.3M), Business travel ($30.2M), Insurance services ($25.9M), and Financial services ($18.7M).
The top services imported by Malawi in 2019 were Transportation ($94.4M), Other business services ($62.5M), Business travel ($53.7M), Personal travel ($53.5M), and Insurance services ($33.8M).
Malawi has a high level of specialization in Raw Tobacco (1.05k), Tea (194), Ground Nuts (156), Dried Legumes (75.4), and Raw Sugar (69.9). 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 Gold (0.12), Cocoa Beans (0.12), Palm Oil (0.11), Bananas (0.1), and Manganese Ore (0.1). 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 a country currently specializes in.
This network shows the products most related to the production structure of Malawi. These are products that tend to be co-exported with the products that Malawi exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is 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 greenhouse emissions.