Trade Trend

In 2023, Malawi's total export value is 775.85Million USD, total import value is 1.34Billion USD, Deficit is -560.06Million USD, and foreign trade dependency is 0.150. In 2023，Malawi's top export products are Tobacco, unmanufactured; tobacco refuse(442.83Million USD), Tea(73.00Million USD), Vegetables, leguminous; shelled, whether or not skinned or split, dried(53.02Million USD), top export destinations are Belgium(118.79Million USD), Germany(82.82Million USD), India(52.52Million USD). In 2023, Malawi's top import products are Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(54.81Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(53.18Million USD), Vehicles; for the transport of goods(42.94Million USD), top import origins are South Africa(433.28Million USD), China(217.51Million USD), Zambia(113.66Million USD).

Comparing to 2022, Malawi's total export value decreased -123.53Million USD(-13.74%) in 2023, this could result from its export decreases of products such as Groundnuts; not roasted or otherwise cooked, whether or not shelled or broken(-66.97Million USD or -83.01%), Soya beans, whether or not broken(-12.12Million USD or -47.77%), Nuts (excluding coconuts, Brazils and cashew nuts); fresh or dried, whether or not shelled or peeled(-8.11Million USD or -30.10%) and export decreases to countries/economics such as Kenya(-59.04Million USD or -94.23%), Tanzania(-51.13Million USD or -60.87%), United Arab Emirates(-24.70Million USD or -91.25%). Comparing to 2022, Malawi's total import value decreased -247.88Million USD(-15.65%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-204.18Million USD or -79.34%), Fertilizers; mineral or chemical, nitrogenous(-87.94Million USD or -75.08%), Fertilizers; mineral or chemical, containing 2 or 3 of the elements nitrogen, phosphorus, potassium; other fertilisers; goods of chapter 31 in tablets or packages of gross weight not exceeding 10kg(-46.24Million USD or -58.68%), and its import decreases from countries/economies such as United Arab Emirates(-166.22Million USD or -77.54%), Kuwait(-100.46Million USD or -89.06%), China(-46.73Million USD or -17.68%).

Cumulated to first 6 months of 2024, Malawi's total export value is 331.52Million USD, total import value is 363.68Million USD, and tradedeficit is -32.16Million USD. Cumulated to first 6 months of 2024, Malawi's top export products are Tobacco, unmanufactured; tobacco refuse(251.45Million USD), Vegetables, leguminous; shelled, whether or not skinned or split, dried(17.15Million USD), Tea(15.59Million USD), and top export destinations are Belgium(101.71Million USD), Germany(39.15Million USD), United States(25.71Million USD). Cumulated to first 6 months of 2024, Malawi's top import products are Tobacco, unmanufactured; tobacco refuse(251.45Million USD), Vegetables, leguminous; shelled, whether or not skinned or split, dried(17.15Million USD), Tea(15.59Million USD), and top import origins areSouth Africa(151.85Million USD), China(75.19Million USD), India(37.13Million USD).