NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $46.5MRnk 133 / 220
2023
Flag → Flag
Top Product $31.6MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $27.1MRnk 12 / 126
2023
Flag → Flag
Top Product $26.5MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$12.7BCURRENT US$
Rnk 143 / 195
2013-2023
Flag
GDP GROWTH58.3%CURRENT US$
Rnk 58 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$602CURRENT US$
Rnk 190 / 196
2013-2023
Flag
GDP PC GROWTH21.2%CURRENT US$
Rnk 101 / 195

About

Belgium-Malawi Trade: In 2023, Belgium exported $46.5M to Malawi. The main products that Belgium exported to Malawi were Vaccines, blood, antisera, toxins and cultures ($31.6M), Potassic Fertilizers ($2.99M), and Other Plastic Products ($2.61M). Over the past 5 years the exports of Belgium to Malawi have increased at an annualized rate of 20.4%, from $18.3M in 2018 to $46.5M in 2023.

In 2023, Belgium did not export any services to Malawi.

Malawi-Belgium Trade: In 2023, Malawi exported $27.1M to Belgium. The main products that Malawi exported to Belgium were Raw Tobacco ($26.5M), Raw Sugar ($358k), and Coffee ($124k). Over the past 5 years the exports of Malawi to Belgium have decreased at an annualized rate of 2.17%,  from $35.3M in 2018 to $27.1M in 2023.

In 2023, Malawi did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Malawi ranked 163 in total exports ($922M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €7.29M and imported €1.3M from Malawi, resulting in a positive trade balance of €5.99M. Between October 2023 and October 2024 the exports of Belgium have increased by €6.58M (933%) from €705k to €7.29M, while imports decreased by €-410k (-24%) from €1.71M to €1.3M.

Trade In October 2024, the top exports of Belgium to Malawi were Pharmaceutical products (€2.82M), Products of the milling industry (€373k), Preparations of cereals, flour, starch or... (€163k), Optical, photo, & film equipment; medical... (€115k), and Perfumery & cosmetics (€8.32k). In October 2024 the top imports of Belgium from Malawi were Tobacco & substitutes (€1.72M) and Books, newspapers, & other prints (€307).

Growth In October 2024, the increase in Belgium's year-by-year exports to Malawi was explained primarily by an increase in product exports in Products of the milling industry (€188k or 102%) and Optical, photo, & film equipment; medical... (€114k or 6.07k%). In October 2024, the decrease in Belgium's year-by-year imports  from Malawi was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€6.58M(933%)
IMPORT GROWTH (October 2023 - October 2024)€-410k(-24%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Malawi and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malawi and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $46.5M to Malawi. The main products exported from Belgium to Malawi were Vaccines, blood, antisera, toxins and cultures ($31.6M), Potassic Fertilizers ($2.99M), and Other Plastic Products ($2.61M). During the last 5 years the exports of Belgium to Malawi have increased at an annualized rate of 20.4%, from $18.3M in 2018 to $46.5M in 2023.

In 2018, Malawi exported $27.1M to Belgium. The main products exported from Malawi to Belgium were Raw Tobacco ($26.5M), Raw Sugar ($358k), and Coffee ($124k). During the last 5 years the exports of Malawi to Belgium have decreased at an annualized rate of 2.17%, from $35.3M in 2023 to $27.1M in 2018.

Exports from Belgium (Flag) to Malawi (Flag) (2023)

Exports from Malawi (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Malawi
Top DestinationGermany$99.1M

This map shows whether countries import more from Belgium or Malawi. Each country is colored based on the difference in imports they receive from Belgium and Malawi or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Malawi included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Malawi than Belgium included Zimbabwe ($52.4M).

Difference in imports from Malawi (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Malawi

Flow
Scale

This chart compares trade between Belgium and Malawi by product, considering products traded by both, Belgium and Malawi.

During 2023, Belgium had a large net trade with Malawi in the exports of Chemical Products ($38.6M), Plastics and Rubbers ($2.69M), and Foodstuffs ($2.03M).

During 2018, Malawi had a large net trade with Belgium in the exports of Foodstuffs ($26.8M), Vegetable Products ($263k), and Animal Products ($16k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Malawi+$340kMedical Instruments
Top Product Potential Malawi Belgium+$3.44MRaw Tobacco

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Malawi. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Malawi. Similarly, a dot/product with the flag of Malawi indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Malawi (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms