2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$12.7BCURRENT US$
Rnk 143 / 195
2013-2023
Flag
GDP GROWTH
58.3%CURRENT US$
Rnk 58 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$602CURRENT US$
Rnk 190 / 196
2013-2023
Flag
GDP PC GROWTH
21.2%CURRENT US$
Rnk 101 / 195

About

Italy-Malawi Trade: In 2023, Italy exported $10.5M to Malawi. The main products that Italy exported to Malawi were Paper Containers ($4.47M), Refrigerators ($584k), and Tobacco Processing Machines ($454k). Over the past 5 years the exports of Italy to Malawi have decreased at an annualized rate of 13.4%, from $21.6M in 2018 to $10.5M in 2023.

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

Malawi-Italy Trade: In 2023, Malawi exported $5.32M to Italy. The main products that Malawi exported to Italy were Raw Tobacco ($3.12M), Other Hides and Skins ($1.54M), and Raw Sugar ($324k). Over the past 5 years the exports of Malawi to Italy have decreased at an annualized rate of 7.57%,  from $7.88M in 2018 to $5.32M in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). 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
Value

In 2023, Italy exported $10.5M to Malawi. The main products exported from Italy to Malawi were Paper Containers ($4.47M), Refrigerators ($584k), and Tobacco Processing Machines ($454k). During the last 5 years the exports of Italy to Malawi have decreased at an annualized rate of 13.4%, from $21.6M in 2018 to $10.5M in 2023.

In 2018, Malawi exported $5.32M to Italy. The main products exported from Malawi to Italy were Raw Tobacco ($3.12M), Other Hides and Skins ($1.54M), and Raw Sugar ($324k). During the last 5 years the exports of Malawi to Italy have decreased at an annualized rate of 7.57%, from $7.88M in 2023 to $5.32M in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Malawi
Top Destination
Germany$99.1M

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

In 2023, countries that imported more from Italy than Malawi included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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

Comparative Advantage Italy - Malawi

Flow
Scale

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

During 2023, Italy had a large net trade with Malawi in the exports of Paper Goods ($4.56M), Machines ($3.94M), and Chemical Products ($411k).

During 2018, Malawi had a large net trade with Italy in the exports of Foodstuffs ($3.45M), Animal Hides ($1.54M), and Vegetable Products ($286k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Malawi+$484kVaccines, blood, antisera, toxins and cultures
Top Product Potential Malawi Italy+$2.91MRaw 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.

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Economic Complexity

Competitive Landscape

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

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

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