Mali (MLI) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

About

Mali-Mongolia Trade: In 2022, Mali exported $4.47k to Mongolia. The main products that Mali exported to Mongolia were Other Rubber Products ($4.47k). Over the past 8 years the exports of Mali to Mongolia have decreased at an annualized rate of 12.9%, from $13.5k in 2014 to $4.47k in 2022.

In 2022, Mali did not export any services to Mongolia.

Mongolia-Mali In N/A, Mongolia did not export any products to Mali.

In 2022, Mongolia did not export any services to Mali.

Comparison: In 2022, Mali ranked 133 in the Economic Complexity Index (ECI -2.3), and 113 in total exports ($7.56B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mali exported $4.47k to Mongolia. The main products exported from Mali to Mongolia were Other Rubber Products ($4.47k). During the last 8 years the exports of Mali to Mongolia have decreased at an annualized rate of 12.9%, from $13.5k in 2014 to $4.47k in 2022.

Mongolia does not register exports to Mali.

Exports from Mali () to Mongolia () (2022)

Exports from Mongolia () to Mali () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mali
Top DestinationUnited Arab Emirates$5.57B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Mali than Mongolia included United Arab Emirates ($5.57B), Australia ($405M), and Turkey ($55.4M).

In 2022, countries that imported more from Mongolia than Mali included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia () and Mali () (2022)

Comparative Advantage Mali - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mali had a large net trade with Mongolia in the exports of Plastics and Rubbers ($4.47k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mali Mongolia+$1.34kPackaged Medicaments

Top Product Potential Mongolia Mali+$2.83kGold

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mali () to Mongolia () (2022)

Exports from Mongolia () to Mali () (2022)

Market Competitiveness

Difference in imports from Mongolia () and Mali () (2022)

Comparative Advantage Mali - Mongolia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Mali () and Mongolia () (2022)

Keep Exploring