Malawi (MWI) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $16.6M in 2022.

In 2017, 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 2022 to $25.2M in 2017.

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

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

Latest Data

Trade between Malawi () and South Korea ()

Malawi Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Malawi
Top DestinationUnited Arab Emirates$255M

South Korea
Top DestinationChina$150B

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

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

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

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

Comparative Advantage Malawi - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Malawi had a large net trade with South Korea in the exports of Foodstuffs ($16.3M), Animal Hides ($140k), and Vegetable Products ($86.9k).

During 2017, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Malawi South Korea+$1.55MRaw Tobacco

Top Product Potential South Korea Malawi+$2.45MVaccines, blood, antisera, toxins and cultures

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Malawi () and South Korea ()

Malawi Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Malawi - South Korea

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring