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Pricing

2022
Flag → Flag
Exports $22.4MRnk 153 / 220
2022
Flag → Flag
Top Product $8.24MDelivery Trucks
2022
Flag → Flag
Exports $3.95MRnk 18 / 118
2022
Flag → Flag
Top Product $2.26MOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.3Rnk 133 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$833CURRENT US$
Rnk 173 / 186
2012-2022
Flag
GDP PC GROWTH10.6%CURRENT US$
Rnk 114 / 186

About

South Korea-Mali Trade: In 2022, South Korea exported $22.4M to Mali. The main products that South Korea exported to Mali were Delivery Trucks ($8.24M), Cyanides ($7.51M), and Vaccines, blood, antisera, toxins and cultures ($1.95M). Over the past 5 years the exports of South Korea to Mali have decreased at an annualized rate of 8.59%, from $35.1M 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 $3.95M to South Korea. The main products that Mali exported to South Korea were Other Oily Seeds ($2.26M), Semiconductor Devices ($1.23M), and Integrated Circuits ($292k). Over the past 5 years the exports of Mali to South Korea have increased at an annualized rate of 29.4%,  from $1.09M in 2017 to $3.95M in 2022.

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

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Mali ranked 133 in the Economic Complexity Index (ECI -2.3), and 113 in total exports ($7.56B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $2.8M and imported $0 from Mali, resulting in a positive trade balance of $2.8M. Between October 2023 and October 2024 the exports of South Korea have increased by $2.75M (5.49k%) from $50k to $2.8M, while imports decreased by $-1k (-100%) from $1k to $0.

Trade In October 2024, the top exports of South Korea to Mali were Pharmaceutical products ($627k), Inorganic chemicals ($277k), Machinery, mechanical appliances, & parts ($113k), Explosives, matches, & fireworks ($100k), and Electrical machinery and electronics ($28k). In October 2024 the top imports of South Korea from Mali were Inorganic chemicals ($0), Pharmaceutical products ($0), Explosives, matches, & fireworks ($0), Copper articles ($0), and Machinery, mechanical appliances, & parts ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Mali was explained primarily by an increase in product exports in Pharmaceutical products ($354k or 130%), Machinery, mechanical appliances, & parts ($102k or 927%), and Inorganic chemicals ($61k or 28.2%). In October 2024, the decrease in South Korea's year-by-year imports  from Mali was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-1k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$2.75M(5.49k%)
IMPORT GROWTH (October 2023 - October 2024)$-1k(-100%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $22.4M to Mali. The main products exported from South Korea to Mali were Delivery Trucks ($8.24M), Cyanides ($7.51M), and Vaccines, blood, antisera, toxins and cultures ($1.95M). During the last 5 years the exports of South Korea to Mali have decreased at an annualized rate of 8.59%, from $35.1M in 2017 to $22.4M in 2022.

In 2017, Mali exported $3.95M to South Korea. The main products exported from Mali to South Korea were Other Oily Seeds ($2.26M), Semiconductor Devices ($1.23M), and Integrated Circuits ($292k). During the last 5 years the exports of Mali to South Korea have increased at an annualized rate of 29.4%, from $1.09M in 2022 to $3.95M 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$150B
Mali
Top DestinationUnited Arab Emirates$5.57B

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 2022, countries that imported more from South Korea than Mali included China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Difference in imports from Mali (Flag) and South Korea (Flag) (2022)

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 Transportation ($10.9M), Chemical Products ($9.73M), and Machines ($770k).

During 2017, Mali had a large net trade with South Korea in the exports of Vegetable Products ($2.26M), Machines ($1.53M), and Precious Metals ($145k).

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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