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2023
Flag → Flag
Exports $121MRnk 109 / 220
2023
Flag → Flag
Top Product $35MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $392kRnk 45 / 120
2023
Flag → Flag
Top Product $108kDiamonds
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.41Rnk 125 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$20.7BCURRENT US$
Rnk 119 / 195
2013-2023
Flag
GDP GROWTH56%CURRENT US$
Rnk 63 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$869CURRENT US$
Rnk 183 / 196
2013-2023
Flag
GDP PC GROWTH14.6%CURRENT US$
Rnk 120 / 195

About

Belgium-Mali Trade: In 2023, Belgium exported $121M to Mali. The main products that Belgium exported to Mali were Vaccines, blood, antisera, toxins and cultures ($35M), Delivery Trucks ($19.1M), and Cars ($11.7M). Over the past 5 years the exports of Belgium to Mali have increased at an annualized rate of 6.55%, from $87.9M in 2018 to $121M in 2023.

In 2023, Belgium did not export any services to Mali.

Mali-Belgium Trade: In 2023, Mali exported $392k to Belgium. The main products that Mali exported to Belgium were Diamonds ($108k), Tropical Fruits ($74.8k), and Frozen Fruits and Nuts ($44.7k). Over the past 5 years the exports of Mali to Belgium have decreased at an annualized rate of 49.7%,  from $12.1M in 2018 to $392k in 2023.

In 2023, Mali did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Mali ranked 125 in the Economic Complexity Index (ECI -1.41), and 119 in total exports ($6.64B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €5.93M and imported €26.1k from Mali, resulting in a positive trade balance of €5.91M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-228k (-3.71%) from €6.16M to €5.93M, while imports decreased by €-16.1k (-38.1%) from €42.2k to €26.1k.

Trade In October 2024, the top exports of Belgium to Mali were Pharmaceutical products (€12.4M), Cars, tractors, trucks & parts thereof. (€1.84M), Machinery, mechanical appliances, & parts (€1.04M), Miscellaneous edible preparations (€588k), and Chemical products n.e.s. (€157k). In October 2024 the top imports of Belgium from Mali were Knitted clothing accesories (€3.15k), Mineral fuels, mineral oils and products... (€364), Electrical machinery and electronics (€225), and Beverages, spirits, & vinegar (€67).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Mali was explained primarily by an decrease in product exports in Inorganic chemicals (€-456k or -98.5%), Optical, photo, & film equipment; medical... (€-96.6k or -72.6%), and Food residues & wastes; animal fodder (€-75.3k or -84.1%). In October 2024, the decrease in Belgium's year-by-year imports  from Mali was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-228k(-3.71%)
IMPORT GROWTH (October 2023 - October 2024)€-16.1k(-38.1%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Mali and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mali and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $121M to Mali. The main products exported from Belgium to Mali were Vaccines, blood, antisera, toxins and cultures ($35M), Delivery Trucks ($19.1M), and Cars ($11.7M). During the last 5 years the exports of Belgium to Mali have increased at an annualized rate of 6.55%, from $87.9M in 2018 to $121M in 2023.

In 2018, Mali exported $392k to Belgium. The main products exported from Mali to Belgium were Diamonds ($108k), Tropical Fruits ($74.8k), and Frozen Fruits and Nuts ($44.7k). During the last 5 years the exports of Mali to Belgium have decreased at an annualized rate of 49.7%, from $12.1M in 2023 to $392k in 2018.

Exports from Belgium (Flag) to Mali (Flag) (2023)

Exports from Mali (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Mali
Top DestinationUnited Arab Emirates$4.83B

This map shows whether countries import more from Belgium or Mali. Each country is colored based on the difference in imports they receive from Belgium and Mali or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Mali included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Mali than Belgium included United Arab Emirates ($4.83B).

Difference in imports from Mali (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Mali

Flow
Scale

This chart compares trade between Belgium and Mali by product, considering products traded by both, Belgium and Mali.

During 2023, Belgium had a large net trade with Mali in the exports of Chemical Products ($41.8M), Transportation ($35M), and Machines ($15.9M).

During 2018, Mali had a large net trade with Belgium in the exports of Machines ($125k), Vegetable Products ($120k), and Precious Metals ($108k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Mali+$4.73MPackaged Medicaments
Top Product Potential Mali Belgium+$652kGold

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Mali. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Mali. Similarly, a dot/product with the flag of Mali indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Mali (Flag) (2023)

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