Mali (MLI) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Mali-Azerbaijan Trade: In 2023, Mali exported $7.51k to Azerbaijan. The main products that Mali exported to Azerbaijan were Electric Heaters ($4.23k), Other Domestic Electric Housewares ($3.01k), and Thermostats ($217). Over the past 8 years the exports of Mali to Azerbaijan have increased at an annualized rate of 25.6%, from $1.21k in 2015 to $7.51k in 2023.

In 2023, Mali did not export any services to Azerbaijan.

Azerbaijan-Mali Trade: In 2023, Azerbaijan exported $29.3k to Mali. The main products that Azerbaijan exported to Mali were Refined Petroleum ($29.3k). Over the past 8 years the exports of Azerbaijan to Mali have decreased at an annualized rate of 6.31%, from $40.5k in 2015 to $29.3k in 2023.

In 2023, Azerbaijan did not export any services to Mali.

Comparison: In 2023, Mali ranked 125 in the Economic Complexity Index (ECI -1.41), and 119 in total exports ($6.64B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mali exported $7.51k to Azerbaijan. The main products exported from Mali to Azerbaijan were Electric Heaters ($4.23k), Other Domestic Electric Housewares ($3.01k), and Thermostats ($217). During the last 8 years the exports of Mali to Azerbaijan have increased at an annualized rate of 25.6%, from $1.21k in 2015 to $7.51k in 2023.

In 2018, Azerbaijan exported $29.3k to Mali. The main products exported from Azerbaijan to Mali were Refined Petroleum ($29.3k). During the last 5 years the exports of Azerbaijan to Mali have decreased at an annualized rate of 6.31%, from $40.5k in 2023 to $29.3k in 2018.

Exports from Mali () to Azerbaijan () (2023)

Exports from Azerbaijan () to Mali () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mali
Top DestinationUnited Arab Emirates$4.83B

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Mali than Azerbaijan included United Arab Emirates ($4.83B), Switzerland ($1.02B), and Australia ($335M).

In 2023, countries that imported more from Azerbaijan than Mali included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

Difference in imports from Azerbaijan () and Mali () (2023)

Comparative Advantage Mali - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mali had a large net trade with Azerbaijan in the exports of Machines ($7.27k), Instruments ($217), and Textiles ($19).

During 2018, Azerbaijan had a large net trade with Mali in the exports of Mineral Products ($29.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mali Azerbaijan+$5.4kTelephones

Top Product Potential Azerbaijan Mali+$3.09kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mali () to Azerbaijan () (2023)

Exports from Azerbaijan () to Mali () (2023)

Market Competitiveness

Difference in imports from Azerbaijan () and Mali () (2023)

Comparative Advantage Mali - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mali () and Azerbaijan () (2023)

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