Flag Mali

Econ Complexity (2018): -0.63, Rank 95 of 137

Product Exports (2018): $2.86B, Rank 125 of 222

Exports Per Capita (2018): $150, Rank 29 of 219

Product Imports (2018): $3.6B, Rank 144 of 221

Imports Per Capita (2018): $189, Rank 37 of 219

Service Exports (2014): $177M, Rank 159 of 176

Service Imports (2014): $1.99B, Rank 105 of 175

GDP (2018): $17.2B, CURRENT US$
Rank 119 of 196

GDP growth (2008 - 2018): 76%, CURRENT US$
Rank 48 of 196

GDP PC (2018): $900, CURRENT US$
Rank 174 of 196

GDP PC GROWTH (2008 - 2018): 30.2%, CURRENT US$
Rank 79 of 196

Overview: This page contains the latest international trade data for Mali, including service trade data, and tariffs. In 2018 Mali was the number 119 economy in the world in terms of GDP (current US$), the number 125 in total exports, the number 144 in total imports, and the number 95 most complex economy according to the Economic Complexity Index (ECI). In 2018, Mali exported $2.86B and imported $3.6B, resulting in a negative trade balance of -$741M. In 2018, Mali's exports per capita were $150 and its imports per capita were $189.

Trade: The top exports of Mali are Gold ($2.59B), Raw Cotton ($93M), Rough Wood ($37M), Mixed Mineral or Chemical Fertilizers ($32.1M), and Other Oily Seeds ($22.5M). The top imports of Mali are Refined Petroleum ($549M), Light Pure Woven Cotton ($171M), Cement ($148M), Packaged Medicaments ($147M), and Broadcasting Equipment ($80.7M).

Destinations: Mali exports mostly to United Arab Emirates ($1.33B), Switzerland ($1.19B), China ($85.2M), Uganda ($55M), and Burkina Faso ($36.6M), and imports mostly from Senegal ($699M), Cote d'Ivoire ($528M), France ($371M), China ($345M), and Netherlands ($153M).

Location: Mali borders Algeria, Burkina Faso, Cote d'Ivoire, Guinea, Mauritania, Niger, and Senegal by land.

Yearly Exports

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Top Export (2018): Gold, $2.59B

Top Destination (2018): United Arab Emirates, $1.33B

In 2018 Mali exported a total of $2.86B, making it the number 125 exporter in the world. During the last five reported years the exports of Mali have changed by $2.06B from $798M in 2013 to $2.86B in 2018.

The most recent exports are led by Gold ($2.59B), Raw Cotton ($93M), Rough Wood ($37M), Mixed Mineral or Chemical Fertilizers ($32.1M), and Other Oily Seeds ($22.5M). The most common destination for the exports of Mali are United Arab Emirates ($1.33B), Switzerland ($1.19B), China ($85.2M), Uganda ($55M), and Burkina Faso ($36.6M).

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Yearly Imports

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Depth

Top Import (2018): Refined Petroleum, $549M

Top Origin (2018): Senegal, $699M

In 2018 Mali imported $3.6B, making it the number 144 trade destination in the world. During the last five reported years the imports of Mali changed by $651M from $2.95B in 2013 to $3.6B in 2018.

The most recent imports of Mali are led by Refined Petroleum ($549M), Light Pure Woven Cotton ($171M), Cement ($148M), Packaged Medicaments ($147M), and Broadcasting Equipment ($80.7M). The most common import partners for Mali are Senegal ($699M), Cote d'Ivoire ($528M), France ($371M), China ($345M), and Netherlands ($153M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Mali Exports Services (2014): $177M

Mali Imports Services (2014): $1.99B

In 2014, Mali exported $177M worth of services. The top services exported by Mali in 2014 were Business travel ($112M), Government services, n.i.e. ($51.6M), Financial services ($6.3M), Transportation ($3.9M), and Other business services ($1.7M).

The top services imported by Mali in 2014 were Government services, n.i.e. ($1B), Transportation ($702M), Other business services ($93.7M), Business travel ($79.8M), and Construction services ($69.2M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Mali. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Mali are Birds' eggs, in shell: fresh, not for incubation, of fowls of the species Gallus domesticus (domestic hens) (35%) and Birds' eggs, in shell: fresh, not for incubation, other than fowls of the species Gallus domesticus (domestic hens) (35%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Mali are:
136: Most Favoured Nation duty rate treatement
323: Preferential tariff for UEMOA (French: Union Economique et Monétaire Ouest-Africaine)

Economic Complexity

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Economic Complexity Ranking

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During the last 13 years Mali's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨77th to the 95th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Mali has a high level of specialization in Insect Resins (66.8), Gold (54.5), Raw Cotton (39.6), Tanned Goat Hides (38.5), and Tanned Sheep Hides (30.3). Specialization is measured using RCA, an index that takes the ratio between Mali observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Mali according to the product complexity index (PCI) are Jams, jellies, marmalades, fruit, nut pastes, purees (-0.52), Animal or vegetable fertilizers, in packs >10 kg (-0.67), Antiques older than one hundred years (-0.98), Cereal flours other than of wheat or meslin (-0.99), and Fertilizer mixtures in packs of < 10kg (-1.05). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Mali according to the relatedness index, are Crude Petroleum (0.059), Cocoa Beans (0.05), Ground Nuts (0.048), Crustaceans (0.046), and Legume Flours (0.045). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Mali is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.