Finland (FIN) and Mali (MLI) Trade | The Observatory of Economic Complexity

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Finland-Mali Trade: In 2023, Finland exported $23.9M to Mali. The main products that Finland exported to Mali were Large Construction Vehicles ($7.94M), Delivery Trucks ($7.03M), and Other Construction Vehicles ($5.11M). Over the past 5 years the exports of Finland to Mali have decreased at an annualized rate of 8.83%, from $38M in 2018 to $23.9M in 2023.

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

Mali-Finland Trade: In 2023, Mali exported $58k to Finland. The main products that Mali exported to Finland were Integrated Circuits ($34.2k), Non-Knit Men's Shirts ($12.2k), and Electrical Resistors ($2.76k). Over the past 5 years the exports of Mali to Finland have decreased at an annualized rate of 39.7%, from $730k in 2018 to $58k in 2023.

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

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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, Finland exported $23.9M to Mali. The main products exported from Finland to Mali were Large Construction Vehicles ($7.94M), Delivery Trucks ($7.03M), and Other Construction Vehicles ($5.11M). During the last 5 years the exports of Finland to Mali have decreased at an annualized rate of 8.83%, from $38M in 2018 to $23.9M in 2023.

In 2018, Mali exported $58k to Finland. The main products exported from Mali to Finland were Integrated Circuits ($34.2k), Non-Knit Men's Shirts ($12.2k), and Electrical Resistors ($2.76k). During the last 5 years the exports of Mali to Finland have decreased at an annualized rate of 39.7%, from $730k in 2023 to $58k in 2018.

Exports from Finland () to Mali () (2023)

Exports from Mali () to Finland () (2023)

Latest Data

Trade between Finland () and Mali ()

Finland Exports

Date

Mali Exports

Date

Apr 2012

Dec 2011

Mar 2011

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Mali
Top DestinationUnited Arab Emirates$4.83B

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

In 2023, countries that imported more from Finland than Mali included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Mali than Finland included United Arab Emirates ($4.83B), Uganda ($73M), and Burkina Faso ($34.2M).

Difference in imports from Mali () and Finland () (2023)

Comparative Advantage Finland - Mali

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Mali in the exports of Machines ($16.3M), Transportation ($7.13M), and Instruments ($296k).

During 2018, Mali had a large net trade with Finland in the exports of Machines ($41.3k), Textiles ($12.2k), and Instruments ($2.47k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Mali+$566kExcavation Machinery

Top Product Potential Mali Finland+$169kTelephones

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 Finland and Mali. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Mali. Similarly, a dot/product with the flag of Mali indicates it has a comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Mali () (2023)

Exports from Mali () to Finland () (2023)

Latest Data

Trade between Finland () and Mali ()

Finland Exports

Mali Exports

Market Competitiveness

Difference in imports from Mali () and Finland () (2023)

Comparative Advantage Finland - Mali

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Mali () (2023)

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