Flag Malawi

Product Exports (2018): $998M, Rank 151 of 222

Exports Per Capita (2018): $55, Rank 46 of 219

Product Imports (2018): $1.51B, Rank 163 of 221

Imports Per Capita (2018): $83.3, Rank 47 of 219

Service Exports (2018): $184M, Rank 78 of 88

Service Imports (2018): $352M, Rank 81 of 88

GDP (2018): $7.06B, CURRENT US$
Rank 149 of 196

GDP growth (2008 - 2018): 32.8%, CURRENT US$
Rank 108 of 196

GDP PC (2018): $389, CURRENT US$
Rank 194 of 196

GDP PC GROWTH (2008 - 2018): 0.46%, CURRENT US$
Rank 142 of 196

Overview: 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.

Trade: The top exports of Malawi are Raw Tobacco ($694M), Tea ($89.8M), Other Nuts ($32.8M), Raw Sugar ($32.6M), and Soybean Meal ($22M). The top imports of Malawi are Packaged Medicaments ($97.7M), Broadcasting Equipment ($74.2M), Filing Cabinets ($53.5M), Delivery Trucks ($36.9M), and Coated Flat-Rolled Iron ($31.1M).

Destinations: Malawi exports mostly to Belgium-Luxembourg ($213M), Germany ($131M), Russia ($72.1M), South Africa ($59.7M), and United States ($55.7M), and imports mostly from South Africa ($453M), China ($222M), India ($179M), Tanzania ($118M), and Zambia ($84.6M).

Location: Malawi borders Mozambique, Tanzania, and Zambia by land.

Product Exports

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Top Export (2018): Raw Tobacco, $694M

Top Destination (2018): Belgium-Luxembourg, $213M

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.

The most recent exports are led by Raw Tobacco ($694M), Tea ($89.8M), Other Nuts ($32.8M), Raw Sugar ($32.6M), and Soybean Meal ($22M). The most common destination for the exports of Malawi are Belgium-Luxembourg ($213M), Germany ($131M), Russia ($72.1M), South Africa ($59.7M), and United States ($55.7M).

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Product Imports

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Top Import (2018): Packaged Medicaments, $97.7M

Top Origin (2018): South Africa, $453M

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.

The most recent imports of Malawi are led by Packaged Medicaments ($97.7M), Broadcasting Equipment ($74.2M), Filing Cabinets ($53.5M), Delivery Trucks ($36.9M), and Coated Flat-Rolled Iron ($31.1M). The most common import partners for Malawi are South Africa ($453M), China ($222M), India ($179M), Tanzania ($118M), and Zambia ($84.6M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Malawi Exports Services (2018): $184M

Malawi Imports Services (2018): $352M

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).

Trade Forecasts

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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.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Malawi are Acrylic & vinyl polymer based paint, varnish, in wate (25%) and Acrylic or vinyl polymer paint or varnish, non-aqueou (25%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Malawi are:
115: Common Market for Eastern and Southern Africa (Group I) FTA Member States
116: Common Market for Eastern and Southern Africa (Group II) Non-FTA Member States
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
274: Preferential tariff for Mozambique
302: Preferential tariff for South Africa
347: Regional Preferential tariff for SADC countries

Economic Complexity

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Economic Complexity Ranking

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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.

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Most Specialized Products by RCA Index

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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.

Most Complex Products by PCI

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The highest complexity exports of Malawi according to the product complexity index (PCI) are Railway maintenance-of-way service vehicles (1.14), Parts of railway, tramway locomotives, rolling-stock (1.11), Derricks, cranes, straddle carriers, crane trucks (0.95), Weaving machines (looms) (0.69), and Inorganic acids, non-metal inorganics (0.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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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.

Diversification Frontier

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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.