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2021
Exports $1.39kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Electric Furnaces1.31Rnk 93 / 1025
2021
Imports $168kWorld Rnk 164 / 209
Flag Rnk 532 / 1085

About

Imports In 2022, Malawi imported $168k in Electric Furnaces, becoming the 164th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 532nd most imported product in Malawi. Malawi imports Electric Furnaces primarily from: China ($43.6k), South Africa ($32.4k), India ($27.1k), Switzerland ($18.3k), and Turkey ($12.1k).

The fastest growing import markets in Electric Furnaces for Malawi between 2021 and 2022 were Switzerland ($18.3k), Turkey ($12k), and Italy ($5.18k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Furnaces. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$1.39k
IMPORTS (2022)$168k
NET TRADE (2022)-$168k

In 2022, Malawi imported $168k in Electric Furnaces, mainly from China ($43.6k), South Africa ($32.4k), India ($27.1k), Switzerland ($18.3k), and Turkey ($12.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Malawi WERE (N/A - 2021):
South Africa-$676 (-100%)
Mozambique-$496 (-100%)
Turkey-$221 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Malawi's main exporting competitors in Electric Furnaces were:
China $1.22B
Germany $882M
Italy $722M
In 2022, Malawi's main importing competitors in Electric Furnaces were:
China $759M
United States $660M
Indonesia $306M

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $550
TOP IMPORT POTENTIALChina+ $38.4k

Electric Furnaces’s highest export potential is United States. With an export gap of $550.   Electric Furnaces’s highest import potential is China with an import gap of $38.4k.

See methodology.

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