2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
Flag
 GDP
$13.2BCURRENT US$
Rnk 137 / 186
2012-2022
Flag
GDP GROWTH
50.1%CURRENT US$
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2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$645CURRENT US$
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2012-2022
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GDP PC GROWTH
14.6%CURRENT US$
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About

South Korea-Malawi Trade: In 2022, South Korea exported $25.2M to Malawi. The main products that South Korea exported to Malawi were Packaged Medicaments ($11.5M), Vaccines, blood, antisera, toxins and cultures ($8.02M), and Vinyl Chloride Polymers ($765k). Over the past 5 years the exports of South Korea to Malawi have increased at an annualized rate of 5.08%, from $19.7M in 2017 to $25.2M in 2022.

In 2022, South Korea did not export any services to Malawi.

Malawi-South Korea Trade: In 2022, Malawi exported $16.6M to South Korea. The main products that Malawi exported to South Korea were Raw Tobacco ($15.8M), Raw Sugar ($468k), and Other Hides and Skins ($140k). Over the past 5 years the exports of Malawi to South Korea have increased at an annualized rate of 0.84%,  from $15.9M in 2017 to $16.6M in 2022.

In 2022, Malawi did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Malawi ranked 157 in total exports ($1.19B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $25.2M to Malawi. The main products exported from South Korea to Malawi were Packaged Medicaments ($11.5M), Vaccines, blood, antisera, toxins and cultures ($8.02M), and Vinyl Chloride Polymers ($765k). During the last 5 years the exports of South Korea to Malawi have increased at an annualized rate of 5.08%, from $19.7M in 2017 to $25.2M in 2022.

In 2017, Malawi exported $16.6M to South Korea. The main products exported from Malawi to South Korea were Raw Tobacco ($15.8M), Raw Sugar ($468k), and Other Hides and Skins ($140k). During the last 5 years the exports of Malawi to South Korea have increased at an annualized rate of 0.84%, from $15.9M in 2022 to $16.6M in 2017.

Exports from South Korea (Flag) to Malawi (Flag) (2022)

Exports from Malawi (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Malawi
Top Destination
United Arab Emirates$255M

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

In 2022, countries that imported more from South Korea than Malawi included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Malawi than South Korea included Zambia ($40.8M) and Zimbabwe ($45M).

Difference in imports from Malawi (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Malawi

Flow
Scale

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

During 2022, South Korea had a large net trade with Malawi in the exports of Chemical Products ($20.4M), Plastics and Rubbers ($2.7M), and Instruments ($588k).

During 2017, Malawi had a large net trade with South Korea in the exports of Foodstuffs ($16.3M), Animal Hides ($140k), and Vegetable Products ($86.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Malawi+$2.45MVaccines, blood, antisera, toxins and cultures
Top Product Potential Malawi South Korea+$1.55MRaw 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 South Korea and Malawi. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Malawi. Similarly, a dot/product with the flag of Malawi indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Malawi (Flag) (2022)

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