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Pricing

2022
Flag → Flag
Exports $25.2MRnk 151 / 220
2022
Flag → Flag
Top Product $11.5MPackaged Medicaments
2022
Flag → Flag
Exports $16.6MRnk 17 / 139
2022
Flag → Flag
Top Product $15.8MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$13.2BCURRENT US$
Rnk 137 / 186
2012-2022
Flag
GDP GROWTH50.1%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$645CURRENT US$
Rnk 178 / 186
2012-2022
Flag
GDP PC GROWTH14.6%CURRENT US$
Rnk 98 / 186

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.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $295k and imported $312k from Malawi, resulting in a negative trade balance of $17k. Between October 2023 and October 2024 the exports of South Korea have decreased by $-157k (-34.7%) from $452k to $295k, while imports decreased by $-2.33M (-88.2%) from $2.65M to $312k.

Trade In October 2024, the top exports of South Korea to Malawi were Chemical products n.e.s. ($63k), Electrical machinery and electronics ($14k), Tobacco & substitutes ($0), Footwear ($0), and Glass & glassware ($0). In October 2024 the top imports of South Korea from Malawi were Tobacco & substitutes ($10.8M), Aluminum articles ($38k), Machinery, mechanical appliances, & parts ($1k), Chemical products n.e.s. ($0), and Footwear ($0).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Malawi was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-4k or -100%). In October 2024, the decrease in South Korea's year-by-year imports  from Malawi was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-1k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-157k(-34.7%)
IMPORT GROWTH (October 2023 - October 2024)$-2.33M(-88.2%)

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

To check Malawi and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malawi and South Korea Data

Go to Bulk Download

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 DestinationChina$150B
Malawi
Top DestinationUnited 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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