The Export Market of Malawi in 2024: Brief Overview of the Top Trade Partners
The strategic location of the nation accompanied by the relentless access of the nearby transportation ports has facilitated the overall economic growth. The country holds around 10% of the total share of the total annual export valuation of South Africa solidifying the continent’s rank in the global market. Severe trade policies implemented like the National Export Strategy II (NES II) aiming to introduce diversification in the export services work as a backbone to the entire economy.
The technological evolution of the industrial sectors and the cost effective pricing strategies adopted for a solidifying trade expansion of the global services has indulged the export rate of Malawi by a rate of 1.5% in 2024 worth 2.8 billion US dollars in 2024 then the value of exports worth 1.4 billion US dollars in 2020. The crucial contribution from the tariff rates implemented over the traded goods and the connectivity to major trade routes fosters the annual valuation of exports.
The Leading Variants of Goods Exported From Malawi in 2024
Malawi the country being landlocked in Southern Africa has introduced a wide array of services in the global supplies for countering its annual valuation of exports by a crucial rate. According to the Malawi Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,
• Tobacco – The annual export valuation of Tobacco exported from Malawi in 2024 – 876 million US dollars.
• Tea – The annual export valuation of Tea exported from Malawi in 2024 – 675 million US dollars.
• Sugar – The annual export valuation of Sugar exported from Malawi in 2024 – 478 million US dollars.
• Cotton – The annual export valuation of Cotton exported from Malawi in 2024 – 354 million US dollars.
• Soya Beans – The annual export valuation of Soya beans exported from Malawi in 2024 –278 million US dollars.
• Groundnuts – The annual export valuation of Groundnuts exported from Malawi in 2024 – 156 million US dollars.
• Macadamia Nuts – The annual export valuation of Macadamia nuts exported from Malawi in 2024 – 124 million US dollars.
• Paprika – The annual export valuation of Paprika exported from Malawi in 2024 – 114 million US dollars.
• Fruits – The annual export valuation of Fruits exported from Malawi in 2024 – 108 million US dollars.
• Minerals – The annual export valuation of Minerals exported from Malawi in 2024 – 87 million US dollars.
The Top Export Trade Partners of Malawi in 2024
The diversifying export economy of the nation has built up a stable trade relationship with most of the regions of closer geographical proximity for building up the trade gaps and supply chains in an effective manner. As per the Malawi Trade Data, the top 10 export trade partners of Malawi in 2024 are,
• South Africa – According to the South Africa Import Data, the annual valuation of the goods exported from Malawi in 2024 – 725 million US dollars.
TOP 5 VARIANTS OF GOODS EXPORTED
1. Tobacco 2. Tea 3. Sugar 4. Coffee 5. Cotton
• Germany – According to the Germany Import Data, the annual valuation of the goods exported from Malawi in 2024 – 642 million US dollars.
• United Kingdom – According to the United Kingdom Import Data, the annual valuation of the goods exported from Malawi in 2024 – 541 million US dollars.
Que. What is the Top Exported Product of Malawi in 2024? Ans. Tobacco is the top exported product of Malawi in 2024.
Que. Who is the Top Export Trade Partner of Malawi in 2024? Ans. South Africa is the top export trade partner of Malawi in 2024.
Que. What is the Export Trade Value of Malawi in 2024? Ans. The export trade value of Malawi in 2024 is 1.4 billion US dollars
Que. Where Can You Get a Detailed Trade Analysis of the Annual Export Valuation of Malawi in 2024? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the annual export valuation of Malawi in 2024.