2023
Flag  
GDP
$2.12BCURRENT US$
Rnk 175 / 195
2013-2023
Flag
GDP GROWTH
-10.5%CURRENT US$
Rnk 181 / 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 
$916CURRENT US$
Rnk 180 / 195
2013-2023
Flag
GDP PC GROWTH
-20.4%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC
$602CURRENT US$
Rnk 190 / 196
2013-2023
Flag
GDP PC GROWTH
21.2%CURRENT US$
Rnk 101 / 195

About

Lesotho-Malawi Trade: In 2023, Lesotho exported $1.17k to Malawi. The main products that Lesotho exported to Malawi were Knit T-shirts ($630), Electrical Ignitions ($264), and Motor vehicles; parts and accessories (8701 to 8705) ($116). Over the past 5 years the exports of Lesotho to Malawi have decreased at an annualized rate of 52.9%, from $50.4k in 2018 to $1.17k in 2023.

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

Malawi-Lesotho Trade: In 2023, Malawi exported $2.46M to Lesotho. The main products that Malawi exported to Lesotho were Raw Cotton ($2.37M), Other Vegetable Products ($89.6k), and Cars ($3.51k). Over the past 5 years the exports of Malawi to Lesotho have increased at an annualized rate of 8.15%,  from $761k in 2018 to $2.46M in 2023.

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

Comparison In 2023,  Lesotho ranked 158 in total exports ($1.14B). That same year, Malawi ranked 163 in total exports ($922M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Lesotho exported $1.17k to Malawi. The main products exported from Lesotho to Malawi were Knit T-shirts ($630), Electrical Ignitions ($264), and Motor vehicles; parts and accessories (8701 to 8705) ($116). During the last 5 years the exports of Lesotho to Malawi have decreased at an annualized rate of 52.9%, from $50.4k in 2018 to $1.17k in 2023.

In 2018, Malawi exported $2.46M to Lesotho. The main products exported from Malawi to Lesotho were Raw Cotton ($2.37M), Other Vegetable Products ($89.6k), and Cars ($3.51k). During the last 5 years the exports of Malawi to Lesotho have increased at an annualized rate of 8.15%, from $761k in 2023 to $2.46M in 2018.

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

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

Latest Data

Trade between Lesotho (Flag) and Malawi (Flag)

Lesotho Exports

Date

Market Competitiveness

Color
Lesotho
Top Destination
South Africa$351M
Malawi
Top Destination
Germany$99.1M

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

In 2023, countries that imported more from Lesotho than Malawi included South Africa ($351M), Belgium ($295M), and United States ($228M).

In 2023, countries that imported more from Malawi than Lesotho included Germany ($99.1M), Zimbabwe ($52.4M), and Poland ($45.7M).

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

Comparative Advantage Lesotho - Malawi

Flow
Scale

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

During 2023, Lesotho had a large net trade with Malawi in the exports of Textiles ($690), Machines ($300), and Transportation ($116).

During 2018, Malawi had a large net trade with Lesotho in the exports of Textiles ($2.37M), Vegetable Products ($89.6k), and Transportation ($3.51k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lesotho Malawi+$1.05kBedspreads
Top Product Potential Malawi Lesotho+$1.03kRaw 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 Lesotho and Malawi. This means that a dot/product with the flag of Lesotho indicates it has a comparative advantage over Malawi. Similarly, a dot/product with the flag of Malawi indicates it has a comparative advantage over Lesotho.

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

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