Malawi Trade Profile

Trade Indicators

Indicated figures are in US dollars.

  In   Milion USD
  2020 2021 2022 2023
         
Gross   Domestic Product          12,060        12,600        13,600       
         
Export of   Goods (fob)          781,981      1,019,154        940,876       
Import of   Goods (fob)          2,730,273       3,126,581       1,553,015      
         
Merchandise   Trade Balance - 1,948,292    - 2,107,427 - 612,139        
         
Export of   Services            207,000                            
Import of   Services            353,000                     
         
Service Trade   Balance - 146,000      
         
Overall Trade   Balance - 2, 094, 292 - 2, 107,427 - 612,139  
         
Exports of   Goods & Services as %   GDP 7.0% 8.7% 8.2%  
Imports of   Good & Services as %   GDP 22.3% 24.2% 12.2%  
         
Foreign Direct Investment (FDI)                406.1             101.9             158.6  
         
Source: Trademap, MITC calculations, RBM

Main Exports & Imports


Main Export Product Share In 2022 Exports   Main Import Product Share in 2022 Imports
Tobacco 45.53%   Petroleum Oils 16.84%
Groundnuts 9%   Fertilizer 14.39%
Tea 8.48%   Vehicles 5.88%
Dried leguminous Vegetables 5.99%   Electrical equipment & parts 4.92%
Soya beans 2.7 %   Pharmaceutical products 3.98%
Sugar 2.54%   Textiles
 3.5%
Cotton 1.21%      
Coffee 0.26%      

 

Main Export Services 2021 Export Value (US$)   Main Import Services 2021 Import Value (US$)
Telecommunications, computer, and information services 71,000
   Transport 54,000
Insurance and pension services 31,000
   Other business services 46,000
Transport 30,000
   Insurance and pension services 24,000
Financial services 22,000
   Telecommunications, computer, and information services 20,000
Other business services 16,000
   Government services, n.i.e 14,000

 

Trading Partners

 

Main Buyers of Goods Share in 2022 exports   Main Suppliers of Goods Share in 2022 imports
Belgium 16 %   China 16.5 %
Tanzania 9.4 %   United Arab Emirates 14 %
Kenya 6.9 %   South Africa 14 %
South Africa 6.4 %   Kuwait 7.4 %
Zimbabwe 5.3 %   India 5.5 %
United States of America 5.3 %   Japan 3.2 %
Zambia 4.4 %   Malaysia 2.8 %
 India  4 %   Zambia 2.6 %

Source: Trade Map -Malawi