Malawi

Malawi ranked No. 183 in total trade value through June with a total of $20.12 million. Exports totaled $5.19 million and Imports totaled $14.93 million, a deficit of $9.74 million.

U.S. trade with Malawi rose to $20.12 million through June

Malawi’s trade with the United States rose to $20.12 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 62.08 percent below its total trade during the same time period last year. U.S. exports to Malawi decreased 60.13 percent while U.S. imports from Malawi fell 62.72 percent. The U.S. deficit with Malawi was $9.74 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Virginia; No. 2 Port of Newark; No. 3 Port of Houston; No. 4 Port of Savannah, Ga.; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 Port of Virginia; No. 2 Port of Houston; No. 3 Port of Oakland, Calif.; No. 4 Port of Newark and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 76.33 percent of Malawi’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Virginia fell 80.62 percent to $5.57 million.
    Exports fell 61.65 percent to $200,528. Imports fell 80.97 percent to $5.37 million.
  • Trade with No. 2 Port of Newark rose 84.51 percent to $5.33 million.
    Exports rose 64.73 percent to $368,570. Imports rose 86.18 percent to $4.96 million.
  • Trade with No. 3 Port of Houston fell 68.65 percent to $2.24 million.
    Exports fell 82.8 percent to $1.16 million. Imports rose 197.38 percent to $1.07 million.
  • Trade with No. 4 Port of Savannah, Ga. rose 2788.11 percent to $1.42 million.
    Exports rose 325.03 percent to $158,963. Imports rose 10518 percent to $1.27 million.
  • Trade with No. 5 Low-Valued Imports and Exports fell 60 percent to $791,764.
    Exports fell 60 percent to $791,764. There were no imports.

Malawi ranked No. 183 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 162.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Malawi by value through June were the categories of Low value shipments; Malt extract, less than 40% cocoa; Computers; Machinery For Tobacco Preparation Nesoi, Part 8478; and Medical instruments, respectively. They accounted for 53.62 percent of total exports to Malawi.

The value of the top five categories of U.S. imports from Malawi –– Tea; Almonds, walnuts, pistachios, hazelnuts, etc.; Cane, beet sugar, solid form; Sweaters, pullovers, vests, knit or crocheted; and Raw tobacco –– accounted for 94.49 percent of all inbound shipments.

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

  • Low value shipments fell 60 percent compared to last year to $791,764.
  • Malt extract, less than 40% cocoa totaled $652,612. The previous year, there were no exports in this category.
  • Computers fell 4.53 percent compared to last year to $579,774.
  • Machinery For Tobacco Preparation Nesoi, Part 8478 fell 56.27 percent compared to last year to $388,015.
  • Medical instruments rose 126.03 percent compared to last year to $372,309.

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

  • Tea fell 30.52 percent compared to last year to $5.66 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. fell 18.99 percent compared to last year to $3.04 million.
  • Cane, beet sugar, solid form rose 53.56 percent compared to last year to $2.58 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 59.23 percent compared to last year to $2.06 million.
  • Raw tobacco fell 96.79 percent compared to last year to $762,300.

In the latest annual figures available, Malawi recorded $123.13 million in trade with the United States. Total U.S. exports to Malawi were $ 22.83 million and imports from Malawi were $100.3 million. The U.S. deficit with Malawi was $77.48 million.