Thailand (THA) and Malawi (MWI) Trade | The Observatory of Economic Complexity

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Thailand-Malawi Trade: In 2023, Thailand exported $12.8M to Malawi. The main products that Thailand exported to Malawi were Cars ($3.21M), Other Plastic Products ($2.41M), and Special Pharmaceuticals ($1.46M). Over the past 5 years the exports of Thailand to Malawi have decreased at an annualized rate of 2.95%, from $14.9M in 2018 to $12.8M in 2023.

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

Malawi-Thailand Trade: In 2023, Malawi exported $69k to Thailand. The main products that Malawi exported to Thailand were Precious Stones ($54.3k), Ball Bearings ($4.18k), and Used Clothing ($3.43k). Over the past 5 years the exports of Malawi to Thailand have decreased at an annualized rate of 17.4%, from $179k in 2018 to $69k in 2023.

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

Comparison In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Malawi ranked 163 in total exports ($922M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Thailand exported $12.8M to Malawi. The main products exported from Thailand to Malawi were Cars ($3.21M), Other Plastic Products ($2.41M), and Special Pharmaceuticals ($1.46M). During the last 5 years the exports of Thailand to Malawi have decreased at an annualized rate of 2.95%, from $14.9M in 2018 to $12.8M in 2023.

In 2018, Malawi exported $69k to Thailand. The main products exported from Malawi to Thailand were Precious Stones ($54.3k), Ball Bearings ($4.18k), and Used Clothing ($3.43k). During the last 5 years the exports of Malawi to Thailand have decreased at an annualized rate of 17.4%, from $179k in 2023 to $69k in 2018.

Exports from Thailand () to Malawi () (2023)

Exports from Malawi () to Thailand () (2023)

Latest Data

Trade between Thailand () and Malawi ()

Thailand Exports

Date

Malawi Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Malawi
Top DestinationGermany$99.1M

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

In 2023, countries that imported more from Thailand than Malawi included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Malawi than Thailand included Rwanda ($18.8M) and Lesotho ($2.46M).

Difference in imports from Malawi () and Thailand () (2023)

Comparative Advantage Thailand - Malawi

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Malawi in the exports of Plastics and Rubbers ($4.6M), Transportation ($3.64M), and Chemical Products ($1.55M).

During 2018, Malawi had a large net trade with Thailand in the exports of Precious Metals ($54.3k), Machines ($7.44k), and Textiles ($3.58k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Malawi+$564kCars

Top Product Potential Malawi Thailand+$59.7kPrecious Stones

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Malawi () (2023)

Exports from Malawi () to Thailand () (2023)

Latest Data

Trade between Thailand () and Malawi ()

Thailand Exports

Malawi Exports

Market Competitiveness

Difference in imports from Malawi () and Thailand () (2023)

Comparative Advantage Thailand - Malawi

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Malawi () (2023)

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