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Malawi

Malawi ranked No. 177 in total trade value through October with a total of $59.8 million. Exports totaled $15.62 million and Imports totaled $44.18 million, a deficit of $28.56 million.

January – October 2018

Top Trading Ports

Total Trade: $59.8 million

RankPortTotal YTD
1Port of Virginia $28,429,556
2Port of Oakland, Calif. $6,389,276
3Port of Baltimore, Md. $4,495,278
4Port of Newark $3,880,588
5Port of Houston $2,346,307
6Dulles International Airport, Washington D.C., Va. $2,273,105
7Low-Valued Imports and Exports $2,118,119
8Chicago O’Hare International Airport $1,825,526
9Port of Charleston $1,554,059
10Port of Jacksonville, Fla. $1,272,130

U.S. trade with Malawi rose to $59.8 million through October

Malawi’s trade with the United States rose to $59.8 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 25.87 percent below its total trade during the same time period last year. Malawi’s exports decreased 35.32 percent while imports fell 21.83 percent. The U.S. deficit with Malawi was $28.56 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Virginia; No. 2 Port of Oakland, Calif.; No. 3 Port of Baltimore, Md.; No. 4 Port of Newark; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Port of Virginia No. 2 Port of Baltimore, Md. No. 3 Port of Houston No. 4 Port of Oakland, Calif. and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 76.15 percent of Malawi’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Virginia fell 1.72 percent to $28.43 million.
    Exports fell 39.15 percent to $479,314. Imports fell 0.67 percent to $27.95 million.
  • Trade with No. 2 Port of Oakland, Calif. rose 46.07 percent to $6.39 million.
    Exports rose 309.21 percent to $1.7 million. Imports rose 18.45 percent to $4.69 million.
  • Trade with No. 3 Port of Baltimore, Md. fell 74.79 percent to $4.5 million.
    Exports fell 77.62 percent to $708,741. Imports fell 74.18 percent to $3.79 million.
  • Trade with No. 4 Port of Newark rose 10.84 percent to $3.88 million.
    Exports rose 570.59 percent to $338,280. Imports rose 2.66 percent to $3.54 million.
  • Trade with No. 5 Port of Houston fell 50.45 percent to $2.35 million.
    Exports fell 60.02 percent to $1.43 million. Imports fell 20.69 percent to $913,382.

Malawi ranked No. 177 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 169.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Malawi by value through October were the categories of Low value shipments; Computers; Medical technology; Medical instruments for surgeons, dentists, vets; and Machinery For Tobacco Preparation Nesoi, Part 8478, respectively. They accounted for 52.63 percent of total exports to Malawi.

The value of the top five categories of U.S. imports from Malawi –– Raw tobacco; Tea; Almonds, walnuts, pistachios, hazelnuts, etc.; Cane, beet sugar, solid form; and Sweaters, pullovers, vests, knit or crocheted –– accounted for 97.86 percent of all inbound shipments.

Looking more closely at U.S. exports to Malawi:

  • Low value shipments fell 42.09 percent compared to last year to $2.12 million.
  • Computers fell 62.8 percent compared to last year to $1.82 million.
  • Medical technology rose 213.64 percent compared to last year to $1.7 million.
  • Medical instruments for surgeons, dentists, vets rose 381.59 percent compared to last year to $1.59 million.
  • Machinery For Tobacco Preparation Nesoi, Part 8478 fell 16.2 percent compared to last year to $998,467.

Looking more closely at U.S. imports from Malawi:

  • Raw tobacco fell 32.08 percent compared to last year to $16.8 million.
  • Tea fell 24.04 percent compared to last year to $13.12 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 11.43 percent compared to last year to $7.01 million.
  • Cane, beet sugar, solid form fell 12.95 percent compared to last year to $5.62 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 112.48 percent compared to last year to $681,192.

In the latest annual figures available, Malawi recorded $90.32 million in trade with the United States. At year’s end, its were Norfolk; Baltimore; Houston; San Francisco; and New York City. Total U.S. exports to Malawi were $ 28.21 million and imports from Malawi were $62.1 million. The U.S. deficit with Malawi was $33.89 million.