Imports flow drops by 32%

Imports flow drops by 32%

Post was last updated: June 4, 2020

SQUEEZED—Imports flow

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.

“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.

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

Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk.

He is however flexible as he also writes about current affairs and national issues.

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