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Pricing

2022
Flag → Flag
Exports $6.4kRnk 118 / 139
2022
Flag → Flag
Top Product $2.26kOffice Machine Parts
2022
Flag → Flag
Exports $5.23kRnk 147 / 160
2022
Flag → Flag
Top Product $5.23kSowing Seeds
2022
Flag  
GDP$13.2BCURRENT US$
Rnk 137 / 186
2012-2022
Flag
GDP GROWTH50.1%CURRENT US$
Rnk 60 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $645CURRENT US$
Rnk 178 / 186
2012-2022
Flag
GDP PC GROWTH14.6%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Malawi-Iceland Trade: In 2022, Malawi exported $6.4k to Iceland. The main products that Malawi exported to Iceland were Office Machine Parts ($2.26k), Seats ($1.65k), and Electrical Transformers ($805). Over the past 5 years the exports of Malawi to Iceland have decreased at an annualized rate of 8.69%, from $10.1k in 2017 to $6.4k in 2022.

In 2022, Malawi did not export any services to Iceland.

Iceland-Malawi Trade: In 2022, Iceland exported $5.23k to Malawi. The main products that Iceland exported to Malawi were Sowing Seeds ($5.23k). Over the past 5 years the exports of Iceland to Malawi have decreased at an annualized rate of 21.9%,  from $18k in 2017 to $5.23k in 2022.

In 2022, Iceland did not export any services to Malawi.

Comparison In 2022,  Malawi ranked 157 in total exports ($1.19B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malawi exported $6.4k to Iceland. The main products exported from Malawi to Iceland were Office Machine Parts ($2.26k), Seats ($1.65k), and Electrical Transformers ($805). During the last 5 years the exports of Malawi to Iceland have decreased at an annualized rate of 8.69%, from $10.1k in 2017 to $6.4k in 2022.

In 2017, Iceland exported $5.23k to Malawi. The main products exported from Iceland to Malawi were Sowing Seeds ($5.23k). During the last 5 years the exports of Iceland to Malawi have decreased at an annualized rate of 21.9%, from $18k in 2022 to $5.23k in 2017.

Exports from Malawi (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Malawi (Flag) (2022)

Latest Data

Trade between Malawi (Flag) and Iceland (Flag)

Iceland Exports

Date

Market Competitiveness

Color
Malawi
Top DestinationUnited Arab Emirates$255M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Malawi than Iceland included United Arab Emirates ($255M), Tanzania ($72.8M), and Kenya ($58.8M).

In 2022, countries that imported more from Iceland than Malawi included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

Difference in imports from Iceland (Flag) and Malawi (Flag) (2022)

Comparative Advantage Malawi - Iceland

Flow
Scale

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

During 2022, Malawi had a large net trade with Iceland in the exports of Machines ($3.07k), Miscellaneous ($1.65k), and Vegetable Products ($1.18k).

During 2017, Iceland had a large net trade with Malawi in the exports of Vegetable Products ($5.23k).

Economic Complexity

Competitive Landscape

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

Product Space of Malawi (Flag) and Iceland (Flag) (2022)

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