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Exports In 2022, Malawi exported $326k in Precious Stones, making it the 87th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 91st most exported product in Malawi. The main destination of Precious Stones exports from Malawi are: India ($78.2k), Thailand ($40.2k), China ($34.5k), South Africa ($33.4k), and Hong Kong ($31.4k).

The fastest growing export markets for Precious Stones of Malawi between 2021 and 2022 were Thailand ($34.4k), South Africa ($33.2k), and Italy ($29.1k).

Imports In 2022, Malawi imported $30.1k in Precious Stones, becoming the 125th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 773rd most imported product in Malawi. Malawi imports Precious Stones primarily from: Tanzania ($22.7k), Mozambique ($6.28k), United Arab Emirates ($564), South Africa ($553), and United States ($2).

The fastest growing import markets in Precious Stones for Malawi between 2021 and 2022 were Tanzania ($22.7k), Mozambique ($6.28k), and United Arab Emirates ($564).

Latest Trends

Oct 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 Precious Stones. 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

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EXPORTS (2022)$326k
IMPORTS (2022)$30.1k
NET TRADE (2022)$296k

In 2022, Malawi exported $326k in Precious Stones. The main destinations of Malawi exports on Precious Stones were India ($78.2k), Thailand ($40.2k), China ($34.5k), South Africa ($33.4k), and Hong Kong ($31.4k).

In 2022, Malawi imported $30.1k in Precious Stones, mainly from Tanzania ($22.7k), Mozambique ($6.28k), United Arab Emirates ($564), South Africa ($553), and United States ($2).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Malawi WERE (2021 - 2022):
Thailand$34.4k (587%)
South Africa$33.2k (12k%)
Italy$29.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Malawi WERE (2021 - 2022):
United States-$47.5k (-82.4%)
United Arab Emirates-$3.97k (-98.8%)
United Kingdom-$3.81k (-88.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Malawi's main exporting competitors in Precious Stones were:
In 2022, Malawi's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $196k
TOP IMPORT POTENTIALTanzania+ $16.6k

Precious Stones’s highest export potential is India. With an export gap of $196k.   Precious Stones’s highest import potential is Tanzania with an import gap of $16.6k.

See methodology.

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