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2022
Flag → Flag
Exports $22.4MRnk 24 / 0
2022
Flag → Flag
Exports $4.18MRnk 42 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.41Rnk 125 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$20.7BCURRENT US$
Rnk 119 / 195
2013-2023
Flag
GDP GROWTH56%CURRENT US$
Rnk 63 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$869CURRENT US$
Rnk 183 / 196
2013-2023
Flag
GDP PC GROWTH14.6%CURRENT US$
Rnk 120 / 195

About

South Korea-Mali Trade: In 2022, South Korea exported $22.4M to Mali. The main products that South Korea exported to Mali were N/A. Over the past 5 years the exports of South Korea to Mali have decreased at an annualized rate of 8.42%, from $34.8M in 2017 to $22.4M in 2022.

In 2022, South Korea did not export any services to Mali.

Mali-South Korea Trade: In 2022, Mali exported $4.18M to South Korea. The main products that Mali exported to South Korea were N/A. Over the past 5 years the exports of Mali to South Korea have increased at an annualized rate of 30.9%,  from $1.09M in 2017 to $4.18M in 2022.

In 2022, Mali did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Mali ranked 125 in the Economic Complexity Index (ECI -1.41), and 119 in total exports ($6.64B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $375k and imported $5k from Mali, resulting in a positive trade balance of $370k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-593k (-61.3%) from $968k to $375k, while imports increased by $5k (N/A%) from $0 to $5k.

Trade In December 2024, the top exports of South Korea to Mali were Cars, tractors, trucks & parts thereof. ($522k), Machinery, mechanical appliances, & parts ($400k), Perfumery & cosmetics ($2k), Chemical products n.e.s. ($2k), and Cotton ($2k). In December 2024 the top imports of South Korea from Mali were Rubber & articles thereof ($6k), Live trees, plants, bulbs, cut flowers,... ($0), Miscellaneous edible preparations ($0), Perfumery & cosmetics ($0), and Soap, cleaners, candles, dental, modelling pastes ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Mali was explained primarily by an decrease in product exports in . In December 2024, the increase in South Korea's year-by-year imports  from Mali was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-593k(-61.3%)
IMPORT GROWTH (December 2023 - December 2024)$5k(N/A%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Mali and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mali and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $22.4M to Mali. There were not main exports from South Korea to Mali in 2022. During the last 5 years the exports of South Korea to Mali have decreased at an annualized rate of 8.42%, from $34.8M in 2017 to $22.4M in 2022.

In 2017, Mali exported $4.18M to South Korea. There were not main exports from Mali to South Korea in 2017. During the last 5 years the exports of Mali to South Korea have increased at an annualized rate of 30.9%, from $1.09M in 2022 to $4.18M in 2017.

Exports from South Korea (Flag) to Mali (Flag) (2022)

Exports from Mali (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Mali
Top DestinationUnited Arab Emirates$4.83B

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

In 2023, countries that imported more from South Korea than Mali included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Mali than South Korea included United Arab Emirates ($4.83B), Central African Republic ($12.5M), and Mauritania ($11.3M).

Difference in imports from Mali (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Mali

Flow
Scale

This chart compares trade between South Korea and Mali by product, considering products traded by both, South Korea and Mali.

During 2022, South Korea had a large net trade with Mali in the exports of .

During 2017, Mali had a large net trade with South Korea in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Mali+$1.97MCars
Top Product Potential Mali South Korea+$1.38MGold

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 South Korea and Mali. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Mali. Similarly, a dot/product with the flag of Mali indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Mali (Flag) (2022)

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