About

Overview In 2021, Mali was the number 116 economy in the world in terms of GDP (current US$), the number 99 in total exports, the number 144 in total imports, the number 188 economy in terms of GDP per capita (current US$) and the number 125 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Mali are Gold ($9.03B), Raw Cotton ($93.1M), Other Oily Seeds ($54.7M), Rough Wood ($25.9M), and Refined Petroleum ($23.2M), exporting mostly to United Arab Emirates ($7.33B), Switzerland ($1.36B), Australia ($332M), China ($115M), and Turkey ($49.1M).

Imports The top imports of Mali are Refined Petroleum ($664M), Broadcasting Equipment ($238M), Light Pure Woven Cotton ($235M), Packaged Medicaments ($190M), and Cement ($157M), importing mostly from Senegal ($1.05B), China ($595M), France ($460M), India ($218M), and United Arab Emirates ($217M).

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Mali.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Gold$9.03B
Top Destination (2021)United Arab Emirates$7.33B

In 2021, Mali exported a total of $9.38B, making it the number 99 exporter in the world. During the last five reported years the exports of Mali have changed by $5.3B from $4.07B in 2016 to $9.38B in 2021.

The most recent exports are led by Gold ($9.03B), Raw Cotton ($93.1M), Other Oily Seeds ($54.7M), Rough Wood ($25.9M), and Refined Petroleum ($23.2M). The most common destination for the exports of Mali are United Arab Emirates ($7.33B), Switzerland ($1.36B), Australia ($332M), China ($115M), and Turkey ($49.1M).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
United Arab Emirates$4.38B (+ 148%)
Australia$48.8M (+ 17.2%)
Turkey$45.7M (+ 1.37k%)
Fastest Growing Import Markets (2020 - 2021)
Senegal$225M (+ 27.3%)
China$126M (+ 27%)
Hong Kong$75.6M (+ 256%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

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).

Service Exports (2014)

Service Imports (2014)

Economic Complexity

Overview

Economic Complexity (Trade)-1.53Rank 125 of 131
Economic Complexity (Research)-0.91Rank 116 of 140

Most Specialized Products by RCA Index

Mali has a high level of specialization in Gold (46.7), Insect Resins (27.9), Other Oily Seeds (20.9), Raw Cotton (11.2), and Rough Wood (3.17). 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

The highest complexity exports of Mali according to the product complexity index (PCI) are Fertilizers; mineral or chemical, containing 2 or 3 of the elements nitrogen,... (-0.92), Oil-cake and other solid residues; whether or not ground or in the... (-1.16), Wood in the rough, whether or not stripped of bark or sapwood,... (-1.45), Buckwheat, millet and canary seeds; other cereals (-1.6), and Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens; fresh or dried (-1.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Mali according to the relatedness index, were Tin Ores (0.036), Crude Petroleum (0.035), Ground Nuts (0.033), Cocoa Beans (0.032), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.032). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Mali is not specialized in.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Mali. These are products that tend to be co-exported with the products that Mali exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Mali's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 125th⁩ 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.

Explore Rankings

ECI (Trade) Ranking by Country

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