Malawi-Mozambique trade shrinks by 13%

Trade between Malawi and Mozambique using the ports of Beira and Nacala went down by 13 percent in the past two months, mainly due to travel restrictions in the wake of Covid-19 pandemic.

This is according to a report released by shipping and clearing firm, Fortress Business and Logistics Consult.

Fortress Business and Logistics Consult Chief Executive Officer, Karl Chokotho, said annual volumes through Mozambique corridors make up to around 20 percent of the total Malawi imports and exports.

He said the trend in these corridors is a fair indication on what is happening in the economy.

He said over 70 percent of Malawi exports peak in the second half of the year, and that the real Covid-19 impact is yet to be felt.