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Home Business Business News

Malawi exports increase by 4 percent in 2019

by Nation Online
26/09/2020
in Business News
1 min read
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For 2019, Malawi’s intra-Africa exports and imports amounted to $331 million and $801 million respectively, while intra-Africa exports increased by 4 percent between 2018 and 2019 intra-Africa imports declined by 1percent.

According to data released by Trade Law Centre (Tralac), intra-Africa exports account for 36 percent of the country’s world exports, while 27 percent of world imports are sourced from the rest of the African continent.

About 61 percent of intra-Africa imports are sourced from South Africa, while Kenya and Egypt are the main destination markets.

Almost all of Malawi’s intra-Africa trade is with countries that are also members of Common Market for Eastern and Southern Africa (Comesa) and Southern African Development Community (Sadc).

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