The Sudden Stride in the Medical Goods Export of Malawi
The great potential in the global market has opened up economic opportunities for the Malawi trade management authorities. The attributing factors like competitive pricing strategies have recorded a simultaneous growth in the international export market recording a pivotal growth of the overall annual economic revenue. The National Pharmaceutical Policy launched by the trade management authorities of Malawi aiming to improve reliable access to quality medicines at affordable prices has been facilitating the overall trade rate.
The global push of the nation towards the self-sufficiency and diversification of supply chains, along with the expanding reach in the real trade destination estates across the globe have recorded an export value of 67 million US dollars in 2023. The year-by-increase in the global valuation of exports is expected to gain a hike of 5.4% each year in the upcoming times.
Leading Medical Goods Export of Malawi in 2023
According to the Malawi Export Data, the top 10 medical goods exported by Malawi in 2023 are,
1. Antimalarial Drugs - Export trade value of Antimalarial Drugs export in 2023 - 45 million US dollars.
2. Vaccines - Export trade value of Vaccines exported in 2023 - 38 million US dollars.
3. Antibiotics - Export trade value of Antibiotics exported in 2023 - 32 million US dollars.
4. Antiretroviral Drugs - Export trade value of Antiretroviral Drugs export in 2023 – 27 million US dollars.
5. Pain Relievers - Export trade value of Pain Relievers export in 2023 - 22 million US dollars.
6. Anti-Hypertensive Drugs - Export trade value of Anti-Hypertensive Drugs exported in 2023 - 21 million US dollars.
7. Anti-Diabetic Drugs - Export trade value of Anti-Diabetic Drugs exported in 2023 - 18 million US dollars.
8. Anti-Cancer Drugs - Export trade value of Anti-Cancer Drugs exported in 2023 - 16 million US dollars.
9. Dental Fittings - Export trade value of Dental fittings export in 2023 - 14 million US dollars.
10. Orthopedic Appliances - Export trade value of Orthopedic appliances exported in 2023 - 9 million US dollars.
Top 10 Leading Export Trade Partners of Malawi for Medical Goods Export in 2023
The corresponding growth rate of the country's global medical goods export according to the growing production rate of the industrial sectors has shown proactive diversity in the valuable export. According to the Malawi Trade Data, the top 10 leading medical goods export trade partners of 2023 are,
1. South Africa - According to the South Africa Import Data, valuation of the medical goods exported from Malawi in 2023 - 52 million US dollars.
Leading export variants from Malawi
• Analgesics • Antimalarial Drugs • Antibiotics • Antiretroviral • BP medicine
2. Zambia - According to the Zambia Import Data, the valuation of the medical goods exported from Malawi in 2023 - 48 million US dollars.
Que. What is the top medical goods export of Malawi in 2023? Ans. Antimalarial drugs are the top medical goods export of Malawi in 2023.
Que. What is the total medical goods export trade value of Malawi in 2023? Ans. The total medical goods export trade value of Malawi in 2023 is 67 million US dollars.
Que. Name the leading export trade partner of Malawi for medical goods in 2023. Ans. South Africa is the leading export trade partner of Malawi for medical goods in 2023.
Que. Where can you get a detailed trade analysis of Malawi’s medical goods export in 2023? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Malawi’s medical goods export in 2023.