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Imports flow drops by 32%

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A latest report from the Common Market for Eastern and Southern Africa (Comesa) has shown that flow of imports into Malawi declined by 32 percent in April.

The report also projects a 25 percent drop in imports flow in May due to Covid-19 pandemic.

According to the report titled Covid-19 Impacts on Trade, customs revenue at Songwe and Mwanza borders declined by 42 percent and 16 percent, respectively.

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“Dedza border between Malawi and Mozambique is likely to lose 40 percent in customs duty revenue in May,” indicates Comesa in the report which is the first in a series of country by country surveys.

Neighboring country, Zambia also recorded a decrease in the imports flow as volumes of import traffic declined overall by 25 percent between April and March.

The report has attributed this mainly due to a decline of 83% in volumes recorded at Kazungula and a 42 percent decline recorded at the Nakonde border. Export traffic volumes also declined by three percent.

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Malawi relies highly on imports for its revenue collection which contributes a higher percentage to its national budget.

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