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2022
Flag → Flag
Exports $304MRnk 3 / 131
2022
Flag → Flag
Top Product $171MGold
2022
Flag → Flag
Exports $18.3MRnk 8 / 118
2022
Flag → Flag
Top Product $10.8MMixed Mineral or Chemical Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -1.91Rnk 131 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.3Rnk 133 / 133
2022
Flag  
GDP$18.9BCURRENT US$
Rnk 119 / 186
2012-2022
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 59 / 186
2022
Flag
 GDP$18.8BCURRENT US$
Rnk 121 / 186
2012-2022
Flag
GDP GROWTH51.3%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC $833CURRENT US$
Rnk 174 / 186
2012-2022
Flag
GDP PC GROWTH13.5%CURRENT US$
Rnk 102 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 173 / 186
2012-2022
Flag
GDP PC GROWTH10.6%CURRENT US$
Rnk 114 / 186

About

Burkina Faso-Mali Trade: In 2022, Burkina Faso exported $304M to Mali. The main products that Burkina Faso exported to Mali were Gold ($171M), Cement ($82.1M), and Raw Iron Bars ($8.59M). Over the past 5 years the exports of Burkina Faso to Mali have increased at an annualized rate of 59.3%, from $29.7M in 2017 to $304M in 2022.

In 2022, Burkina Faso did not export any services to Mali.

Mali-Burkina Faso Trade: In 2022, Mali exported $18.3M to Burkina Faso. The main products that Mali exported to Burkina Faso were Mixed Mineral or Chemical Fertilizers ($10.8M), Packaged Medicaments ($4.53M), and Carbonates ($872k). Over the past 5 years the exports of Mali to Burkina Faso have decreased at an annualized rate of 30.7%,  from $114M in 2017 to $18.3M in 2022.

In 2022, Mali did not export any services to Burkina Faso.

Comparison: In 2022,  Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B). That same year, Mali ranked 133 in the Economic Complexity Index (ECI -2.3), and 113 in total exports ($7.56B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Burkina Faso exported $304M to Mali. The main products exported from Burkina Faso to Mali were Gold ($171M), Cement ($82.1M), and Raw Iron Bars ($8.59M). During the last 5 years the exports of Burkina Faso to Mali have increased at an annualized rate of 59.3%, from $29.7M in 2017 to $304M in 2022.

In 2017, Mali exported $18.3M to Burkina Faso. The main products exported from Mali to Burkina Faso were Mixed Mineral or Chemical Fertilizers ($10.8M), Packaged Medicaments ($4.53M), and Carbonates ($872k). During the last 5 years the exports of Mali to Burkina Faso have decreased at an annualized rate of 30.7%, from $114M in 2022 to $18.3M in 2017.

Exports from Burkina Faso (Flag) to Mali (Flag) (2022)

Exports from Mali (Flag) to Burkina Faso (Flag) (2022)

Latest Data

Trade between Burkina Faso (Flag) and Mali (Flag)

Burkina Faso Exports

Mali Exports

Market Competitiveness

Color
Burkina Faso
Top DestinationSwitzerland$6.08B
Mali
Top DestinationUnited Arab Emirates$5.57B

This map shows whether countries import more from Burkina Faso or Mali. Each country is colored based on the difference in imports they receive from Burkina Faso and Mali or the difference in the growth in imports.

In 2022, countries that imported more from Burkina Faso than Mali included Switzerland ($6.08B), Singapore ($173M), and Cote d'Ivoire ($171M).

In 2022, countries that imported more from Mali than Burkina Faso included United Arab Emirates ($5.57B), Australia ($405M), and Mauritania ($27.2M).

Difference in imports from Mali (Flag) and Burkina Faso (Flag) (2022)

Comparative Advantage Burkina Faso - Mali

Flow
Scale

This chart compares trade between Burkina Faso and Mali by product, considering products traded by both, Burkina Faso and Mali.

During 2022, Burkina Faso had a large net trade with Mali in the exports of Precious Metals ($171M), Mineral Products ($82.6M), and Metals ($15M).

During 2017, Mali had a large net trade with Burkina Faso in the exports of Chemical Products ($17.2M), Plastics and Rubbers ($259k), and Metals ($152k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Burkina Faso Mali+$982kRefined Petroleum
Top Product Potential Mali Burkina Faso+$46.4kOther Oily Seeds

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Burkina Faso and Mali. This means that a dot/product with the flag of Burkina Faso indicates it has a comparative advantage over Mali. Similarly, a dot/product with the flag of Mali indicates it has a comparative advantage over Burkina Faso.

Product Space of Burkina Faso (Flag) and Mali (Flag) (2022)

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