Mali2020 Economic Complexity : -1.05, Rank 103 of 127
2020 Product Exports | Imports: $5.05B | $3.86B, 113 of 226 | 141 of 226
2020 Per Capita Product Exports | Imports: $250 | $191, 172 of 219 | 202 of 219
2014 Service Exports | Imports : $177M | $1.99B, 162 of 179 | 110 of 178
Overview In 2020, Mali was the number 118 economy in the world in terms of GDP (current US$), the number 113 in total exports, the number 141 in total imports, the number 184 economy in terms of GDP per capita (current US$) and the number 103 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Mali are Gold ($4.74B), Other Oily Seeds ($67.8M), Rough Wood ($53.5M), Raw Cotton ($45.9M), and Mixed Mineral or Chemical Fertilizers ($36.4M), exporting mostly to United Arab Emirates ($2.95B), Switzerland ($1.5B), Australia ($284M), China ($153M), and Burkina Faso ($41.7M).
Imports The top imports of Mali are Refined Petroleum ($530M), Light Pure Woven Cotton ($218M), Packaged Medicaments ($184M), Cement ($138M), and Cars ($138M), importing mostly from Senegal ($825M), China ($468M), France ($401M), United Arab Emirates ($234M), and Austria ($171M).
Location Mali borders Algeria, Burkina Faso, Cote d'Ivoire, Guinea, Mauritania, Niger, and Senegal by land.
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.
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.
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.
Top Export (2020): Gold, $4.74B
Top Destination (2020): United Arab Emirates, $825M
In 2020, Mali exported a total of $5.05B, making it the number 113 exporter in the world. During the last five reported years the exports of Mali have changed by $1.48B from $3.58B in 2015 to $5.05B in 2020.
The most recent exports are led by Gold ($4.74B), Other Oily Seeds ($67.8M), Rough Wood ($53.5M), Raw Cotton ($45.9M), and Mixed Mineral or Chemical Fertilizers ($36.4M). The most common destination for the exports of Mali are United Arab Emirates ($2.95B), Switzerland ($1.5B), Australia ($284M), China ($153M), and Burkina Faso ($41.7M).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
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).
Mali has a high level of specialization in Insect Resins (43), Other Oily Seeds (39.5), Gold (37.2), Rough Wood (13.4), and Raw Cotton (10.7). 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 (-0.67), Mixed Mineral or Chemical Fertilizers (-0.89), Other Vegetable Residues (-0.9), Rough Wood (-1.32), and Tropical Fruits (-1.67). 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 Cocoa Beans (0.042), Palm Oil (0.036), Niobium, Tantalum, Vanadium and Zirconium Ore (0.035), Ground Nuts (0.032), and Raw Sugar (0.031). 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 a country currently specializes in.
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.
During the last 20 years Mali's economy has become relatively less complex, moving from the nullth to the 103rd 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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