Flag Burkina Faso / Mali Flag

Exports FlagFlag  (2018): $17.8M, Rnk 19 / 112

Top Product FlagFlag (2018): $3.82M, Other Vegetable Residues

Exports FlagFlag (2018): $36.6M, Rnk 5 / 90

Top Product FlagFlag (2018): $32M, Mixed Mineral or Chemical Fertilizers

Economic Complexity of Flag (2018): ECI -1.46, Rnk 129 / 137

Economic Complexity of Flag (2018): ECI -0.63, Rnk 95 / 137

Burkina Faso-Mali: In 2018, Burkina Faso exported $17.8M to Mali. The main products exported from Burkina Faso to Mali were Other Vegetable Residues ($3.82M), Seed Oils ($2.07M), and Prepared Explosives ($1.33M). During the last 23 years the exports of Burkina Faso to Mali have increased at an annualized rate of 7.44%, from $3.42M in 1995 to $17.8M in 2018.

Mali-Burkina Faso: In 2018, Mali exported $36.6M to Burkina Faso. The main products exported from Mali to Burkina Faso were Mixed Mineral or Chemical Fertilizers ($32M), Carbonates ($662k), and Animal or Vegetable Fertilizers ($481k). During the last 23 years the exports of Mali to Burkina Faso have increased at an annualized rate of 16.4%, from $1.11M in 1995 to $36.6M in 2018.

Comparison: In 2018, Burkina Faso ranked 129 in the Economic Complexity Index (ECI -1.46), and 110 in total exports ($5.68B). That same year, Mali ranked 95 in the Economic Complexity Index (ECI -0.63), and 125 in total exports ($2.86B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Burkina Faso exported $17.8M to Mali. The main products exported from Burkina Faso to Mali were Other Vegetable Residues ($3.82M), Seed Oils ($2.07M), and Prepared Explosives ($1.33M). During the last 23 years the exports of Burkina Faso to Mali have increased at an annualized rate of 7.44%, from $3.42M in 1995 to $17.8M in 2018.

In 2018, Mali exported $36.6M to Burkina Faso. The main products exported from Mali to Burkina Faso were Mixed Mineral or Chemical Fertilizers ($32M), Carbonates ($662k), and Animal or Vegetable Fertilizers ($481k). During the last 23 years the exports of Mali to Burkina Faso have increased at an annualized rate of 16.4%, from $1.11M in 1995 to $36.6M in 2018.

Market Competitiveness

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Measure

Burkina Faso
Top Destination
: Switzerland, $3.21B

Mali
Top Destination
: United Arab Emirates, $1.33B

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 2018, countries that imported more from Burkina Faso than Mali were Switzerland ($3.21B), India ($1.16B), and Singapore ($253M).

In 2018, countries that imported more from Mali than Burkina Faso were United Arab Emirates ($1.33B), Uganda ($55M), and Thailand ($16.6M).

Comparative Advantage Burkina Faso - Mali

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Depth

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

During 2018, Burkina Faso had a large net trade with Mali in the exports of Foodstuffs ($5.67M), Chemical Products ($3.28M), and Metals ($2.64M).

During 2018, Mali had a large net trade with Burkina Faso in the exports of Chemical Products ($33.8M), Machines ($605k), and Foodstuffs ($587k).

Trade Forecasts

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This section shows a forecast for total trade between Burkina Faso and Mali. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Burkina Faso has comparative advantage over Mali. Similarly, the more red a dot/product is, the more Mali has comparative advantage over Burkina Faso.