Net trade in goods and services in Malawi
Malawi: Net trade in goods and services was -2.39 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-2.39 billion BoP, current US$
Change on year
up 5.1%
World rank
148th
of 200 countries
All-time high
35.16 million BoP, current US$
in 1984
All-time low
-2.52 billion BoP, current US$
in 2023
Years of data
48
1977–2024
Net trade in goods and services in Malawi, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Malawi recorded -2.39 billion BoP, current US$ for net trade in goods and services in 2024.
Compared with earlier readings it is up 5.1% on the previous year and down 74.1% over ten years.
Over the whole period, net trade in goods and services in Malawi peaked at 35.16 million BoP, current US$ in 1984 and was at its lowest, -2.52 billion BoP, current US$, in 2023.
Malawi ranks 148th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Malawi, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -87.27 million BoP, current US$ | — |
| 1978 | -173.16 million BoP, current US$ | +98.4% |
| 1979 | -193.54 million BoP, current US$ | +11.8% |
| 1980 | -173.99 million BoP, current US$ | -10.1% |
| 1981 | -74.84 million BoP, current US$ | -57.0% |
| 1982 | -69.45 million BoP, current US$ | -7.2% |
| 1983 | -69.04 million BoP, current US$ | -0.6% |
| 1984 | 35.16 million BoP, current US$ | -150.9% |
| 1985 | -48.51 million BoP, current US$ | -238.0% |
| 1986 | -16.12 million BoP, current US$ | -66.8% |
| 1987 | -15.26 million BoP, current US$ | -5.3% |
| 1988 | -118.96 million BoP, current US$ | +679.7% |
| 1989 | -136.76 million BoP, current US$ | +15.0% |
| 1990 | -105.65 million BoP, current US$ | -22.8% |
| 1991 | -258.27 million BoP, current US$ | +144.5% |
| 1992 | -325.37 million BoP, current US$ | +26.0% |
| 1993 | -252.89 million BoP, current US$ | -22.3% |
| 1994 | -281.73 million BoP, current US$ | +11.4% |
| 1995 | -190.56 million BoP, current US$ | -32.4% |
| 1996 | -227.01 million BoP, current US$ | +19.1% |
| 1997 | -338.80 million BoP, current US$ | +49.2% |
| 1998 | -91.06 million BoP, current US$ | -73.1% |
| 1999 | -262.05 million BoP, current US$ | +187.8% |
| 2000 | -191.67 million BoP, current US$ | -26.9% |
| 2001 | -172.07 million BoP, current US$ | -10.2% |
| 2002 | -323.27 million BoP, current US$ | +87.9% |
| 2003 | -292.71 million BoP, current US$ | -9.5% |
| 2004 | -483.67 million BoP, current US$ | +65.2% |
| 2005 | -700.64 million BoP, current US$ | +44.9% |
| 2006 | -534.39 million BoP, current US$ | -23.7% |
| 2007 | -660.72 million BoP, current US$ | +23.6% |
| 2008 | -982.43 million BoP, current US$ | +48.7% |
| 2009 | -890.05 million BoP, current US$ | -9.4% |
| 2010 | -1.42 billion BoP, current US$ | +59.5% |
| 2011 | -1.28 billion BoP, current US$ | -10.0% |
| 2012 | -1.17 billion BoP, current US$ | -8.2% |
| 2013 | -1.56 billion BoP, current US$ | +33.2% |
| 2014 | -1.37 billion BoP, current US$ | -12.2% |
| 2015 | -1.24 billion BoP, current US$ | -9.4% |
| 2016 | -1.23 billion BoP, current US$ | -1.4% |
| 2017 | -1.74 billion BoP, current US$ | +41.8% |
| 2018 | -1.84 billion BoP, current US$ | +5.9% |
| 2019 | -1.82 billion BoP, current US$ | -1.1% |
| 2020 | -2.06 billion BoP, current US$ | +13.5% |
| 2021 | -2.18 billion BoP, current US$ | +5.6% |
| 2022 | -2.41 billion BoP, current US$ | +10.5% |
| 2023 | -2.52 billion BoP, current US$ | +4.5% |
| 2024 | -2.39 billion BoP, current US$ | -5.1% |
Malawi compared with similar countries
- Malawi's -2.39 billion BoP, current US$ is below the median for low income countries, which is -1.27 billion BoP, current US$, 1.9× the median. (23 countries reporting)
- Malawi's -2.39 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -701.38 million BoP, current US$, 3.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Malawi changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | -679.7% | -15.26 million BoP, current US$ | -118.96 million BoP, current US$ |
| 1985 | -238.0% | 35.16 million BoP, current US$ | -48.51 million BoP, current US$ |
| 1999 | -187.8% | -91.06 million BoP, current US$ | -262.05 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -151.32 million BoP, current US$ | -193.54 million BoP, current US$ | -87.27 million BoP, current US$ | 3 |
| 1980s | -68.78 million BoP, current US$ | -173.99 million BoP, current US$ | 35.16 million BoP, current US$ | 10 |
| 1990s | -233.34 million BoP, current US$ | -338.80 million BoP, current US$ | -91.06 million BoP, current US$ | 10 |
| 2000s | -523.16 million BoP, current US$ | -982.43 million BoP, current US$ | -172.07 million BoP, current US$ | 10 |
| 2010s | -1.47 billion BoP, current US$ | -1.84 billion BoP, current US$ | -1.17 billion BoP, current US$ | 10 |
| 2020s | -2.31 billion BoP, current US$ | -2.52 billion BoP, current US$ | -2.06 billion BoP, current US$ | 5 |
Countries ranked near Malawi
- 145 Latvia -2.24 billion BoP, current US$ compare
- 146 Rwanda -2.25 billion BoP, current US$ compare
- 147 Suriname -2.32 billion BoP, current US$ compare
- 149 Jamaica -2.40 billion BoP, current US$ compare
- 150 Montenegro -2.41 billion BoP, current US$ compare
- 151 Zimbabwe -2.46 billion BoP, current US$ compare
More economy & growth data for Malawi
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.6 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 56.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.61 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 257.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 20.57 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0228 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 11.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -29.8 % change on previous year (2020)
Frequently asked questions
- What is net trade in goods and services in Malawi?
- Net trade in goods and services in Malawi was -2.39 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Malawi?
- The highest recorded value was 35.16 million BoP, current US$ in 1984.
- What is the lowest net trade in goods and services recorded in Malawi?
- The lowest recorded value was -2.52 billion BoP, current US$ in 2023.
- How does Malawi rank for net trade in goods and services?
- Malawi ranks 148th out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Malawi?
- Over the last ten years it is down 74.1%. The long-run trend across the full record is volatile.
- Where does this Malawi data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.