Mali2019 Economic Complexity : -1.05, Rank 124 of 146
2019 Product Exports | Imports: $4.87B | $4.11B, 116 of 225 | 142 of 225
2019 Per Capita Product Exports | Imports: $248 | $209, 178 of 219 | 199 of 219
2014 Service Exports | Imports : $177M | $1.99B, 159 of 176 | 105 of 175
Overview: In 2019 Mali was the number 117 economy in the world in terms of GDP (current US$), the number 116 in total exports, the number 142 in total imports, the number 166 economy in terms of GDP per capita (current US$) and the number 124 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Mali are Gold ($4.5B), Raw Cotton ($97.1M), Other Oily Seeds ($60M), Rough Wood ($52.1M), and Other Vegetable Residues ($25.4M), exporting mostly to United Arab Emirates ($3.22B), Switzerland ($1.27B), China ($148M), India ($34M), and Mauritania ($31.3M).
Imports: The top imports of Mali are Refined Petroleum ($813M), Light Pure Woven Cotton ($184M), Packaged Medicaments ($162M), Cement ($130M), and Broadcasting Equipment ($86.1M), importing mostly from Senegal ($960M), Cote d'Ivoire ($616M), China ($435M), France ($354M), and Austria ($146M).
Location: Mali borders Algeria, Burkina Faso, Cote d'Ivoire, Guinea, Mauritania, Niger, and Senegal by land.
Top Export (2019): Gold, $4.5B
Top Destination (2019): United Arab Emirates, $3.22B
In 2019, Mali exported a total of $4.87B, making it the number 116 exporter in the world. During the last five reported years the exports of Mali have changed by $1.62B from $3.25B in 2014 to $4.87B in 2019.
The most recent exports are led by Gold ($4.5B), Raw Cotton ($97.1M), Other Oily Seeds ($60M), Rough Wood ($52.1M), and Other Vegetable Residues ($25.4M). The most common destination for the exports of Mali are United Arab Emirates ($3.22B), Switzerland ($1.27B), China ($148M), India ($34M), and Mauritania ($31.3M).
Top Import (2019): Refined Petroleum, $813M
Top Origin (2019): Senegal, $960M
In 2019 Mali imported $4.11B, making it the number 142 trade destination in the world. During the last five reported years the imports of Mali changed by $829M from $3.28B in 2014 to $4.11B in 2019.
The most recent imports of Mali are led by Refined Petroleum ($813M), Light Pure Woven Cotton ($184M), Packaged Medicaments ($162M), Cement ($130M), and Broadcasting Equipment ($86.1M). The most common import partners for Mali are Senegal ($960M), Cote d'Ivoire ($616M), China ($435M), France ($354M), and Austria ($146M).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
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).
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.
*The tariffs applied to imports for Mali are:
Mali has a high level of specialization in Gold (49.1), Insect Resins (44.6), Other Oily Seeds (39.7), Raw Cotton (23.5), and Tanned Goat Hides (16.6). Specialization is measured using RCA, an index that takes the ratio between Mali observed and expected exports in each product.
The highest complexity exports of Mali according to the product complexity index (PCI) are Jams, jellies, marmalades, fruit, nut pastes, purees (-0.67), Fertilizer mixtures in packs of < 10kg (-0.87), Oil-cake other than soya-bean or groundnut (-0.95), Fruit, nut, edible plant parts nes, prepared/preserved (-1.09), and Buckwheat, millet and canary seed, other cereals (-1.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Mali according to the relatedness index, are Crude Petroleum (0.054), Cocoa Beans (0.046), Ground Nuts (0.046), Niobium, Tantalum, Vanadium and Zirconium Ore (0.045), and Dried Legumes (0.043). 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.
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.
During the last 14 years Mali's economy has become relatively less complex, moving from the 94th to the 124th 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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