Burkina Faso (BFA) and Mali (MLI) Trade | The Observatory of Economic Complexity

About

Burkina Faso-Mali Trade: In 2023, Burkina Faso exported $268M to Mali. The main products that Burkina Faso exported to Mali were Gold ($116M), Cement ($105M), and Delivery Trucks ($7.02M). Over the past 5 years the exports of Burkina Faso to Mali have increased at an annualized rate of 78.5%, from $14.8M in 2018 to $268M in 2023.

In 2023, Burkina Faso did not export any services to Mali.

Mali-Burkina Faso Trade: In 2023, Mali exported $34.2M to Burkina Faso. The main products that Mali exported to Burkina Faso were Mixed Mineral or Chemical Fertilizers ($28.6M), Packaged Medicaments ($3.17M), and Carbonates ($550k). Over the past 5 years the exports of Mali to Burkina Faso have decreased at an annualized rate of 9.51%, from $56.3M in 2018 to $34.2M in 2023.

In 2023, Mali did not export any services to Burkina Faso.

Comparison: In 2023, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B). That same year, Mali ranked 125 in the Economic Complexity Index (ECI -1.41), and 119 in total exports ($6.64B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Burkina Faso exported $268M to Mali. The main products exported from Burkina Faso to Mali were Gold ($116M), Cement ($105M), and Delivery Trucks ($7.02M). During the last 5 years the exports of Burkina Faso to Mali have increased at an annualized rate of 78.5%, from $14.8M in 2018 to $268M in 2023.

In 2018, Mali exported $34.2M to Burkina Faso. The main products exported from Mali to Burkina Faso were Mixed Mineral or Chemical Fertilizers ($28.6M), Packaged Medicaments ($3.17M), and Carbonates ($550k). During the last 5 years the exports of Mali to Burkina Faso have decreased at an annualized rate of 9.51%, from $56.3M in 2023 to $34.2M in 2018.

Exports from Burkina Faso () to Mali () (2023)

Exports from Mali () to Burkina Faso () (2023)

Latest Data

Trade between Burkina Faso () and Mali ()

Burkina Faso Exports

Date

Mali Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burkina Faso
Top DestinationSwitzerland$6B

Mali
Top DestinationUnited Arab Emirates$4.83B

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

In 2023, countries that imported more from Burkina Faso than Mali included Switzerland ($6B), India ($271M), and Cote d'Ivoire ($136M).

In 2023, countries that imported more from Mali than Burkina Faso included United Arab Emirates ($4.83B), Australia ($335M), and China ($78.5M).

Difference in imports from Mali () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - Mali

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Burkina Faso had a large net trade with Mali in the exports of Precious Metals ($116M), Mineral Products ($106M), and Foodstuffs ($11.9M).

During 2018, Mali had a large net trade with Burkina Faso in the exports of Chemical Products ($33M), Machines ($209k), and Vegetable Products ($184k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Burkina Faso Mali+$982kRefined Petroleum

Top Product Potential Mali Burkina Faso+$46.4kOther Oily Seeds

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Burkina Faso () to Mali () (2023)

Exports from Mali () to Burkina Faso () (2023)

Latest Data

Trade between Burkina Faso () and Mali ()

Burkina Faso Exports

Mali Exports

Market Competitiveness

Difference in imports from Mali () and Burkina Faso () (2023)

Comparative Advantage Burkina Faso - Mali

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Burkina Faso () and Mali () (2023)

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