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.
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.
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.
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).
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.
*The tariffs applied to imports for Mali are:136: Most Favoured Nation duty rate treatement323: Preferential tariff for UEMOA (French: Union Economique et Monétaire Ouest-Africaine)
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.
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.
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.
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.
Mali
