Finland (FIN) and Malawi (MWI) Trade | The Observatory of Economic Complexity

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Finland-Malawi Trade: In 2023, Finland exported $4.8M to Malawi. The main products that Finland exported to Malawi were Raw Plastic Sheeting ($2.5M), Other Plastic Products ($684k), and Metal Insulating Fittings ($276k). Over the past 5 years the exports of Finland to Malawi have decreased at an annualized rate of 17.8%, from $12.8M in 2018 to $4.8M in 2023.

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

Malawi-Finland Trade: In 2023, Malawi exported $12.5M to Finland. The main products that Malawi exported to Finland were Raw Tobacco ($12M), Coffee ($355k), and Raw Sugar ($83.3k). Over the past 5 years the exports of Malawi to Finland have increased at an annualized rate of 83.6%, from $600k in 2018 to $12.5M in 2023.

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

Comparison In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Malawi ranked 163 in total exports ($922M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $4.8M to Malawi. The main products exported from Finland to Malawi were Raw Plastic Sheeting ($2.5M), Other Plastic Products ($684k), and Metal Insulating Fittings ($276k). During the last 5 years the exports of Finland to Malawi have decreased at an annualized rate of 17.8%, from $12.8M in 2018 to $4.8M in 2023.

In 2018, Malawi exported $12.5M to Finland. The main products exported from Malawi to Finland were Raw Tobacco ($12M), Coffee ($355k), and Raw Sugar ($83.3k). During the last 5 years the exports of Malawi to Finland have increased at an annualized rate of 83.6%, from $600k in 2023 to $12.5M in 2018.

Exports from Finland () to Malawi () (2023)

Exports from Malawi () to Finland () (2023)

Latest Data

Trade between Finland () and Malawi ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Malawi
Top DestinationGermany$99.1M

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

In 2023, countries that imported more from Finland than Malawi included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Malawi than Finland included Zimbabwe ($52.4M), Mozambique ($25M), and Rwanda ($18.8M).

Difference in imports from Malawi () and Finland () (2023)

Comparative Advantage Finland - Malawi

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Malawi in the exports of Plastics and Rubbers ($3.2M), Machines ($1.03M), and Metals ($217k).

During 2018, Malawi had a large net trade with Finland in the exports of Foodstuffs ($12.1M), Vegetable Products ($404k), and Chemical Products ($10).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Malawi+$34kElectrical Transformers

Top Product Potential Malawi Finland+$174kRaw Sugar

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.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Malawi () (2023)

Exports from Malawi () to Finland () (2023)

Latest Data

Trade between Finland () and Malawi ()

Finland Exports

Market Competitiveness

Difference in imports from Malawi () and Finland () (2023)

Comparative Advantage Finland - Malawi

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Malawi () (2023)

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