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

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $34.2M in 2023.

In 2018, 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 2023 to $268M in 2018.

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

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

Latest Data

Trade between Mali () and Burkina Faso ()

Mali Exports

Date

Burkina Faso Exports

Date

Comparative Advantage Mali - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mali had a large net trade with Burkina Faso in the exports of Chemical Products ($33M), Machines ($209k), and Vegetable Products ($184k).

During 2018, Burkina Faso had a large net trade with Mali in the exports of Precious Metals ($116M), Mineral Products ($106M), and Foodstuffs ($11.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Top Product Potential Burkina Faso Mali+N/AN/A

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Mali () and Burkina Faso ()

Mali Exports

Burkina Faso Exports

Comparative Advantage Mali - Burkina Faso

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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