Mali (MLI) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mali exported $4.18M to South Korea. There were not main exports from Mali to South Korea in 2022. 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 2017 to $4.18M in 2022.

In 2017, South Korea exported $22.4M to Mali. There were not main exports from South Korea to Mali in 2017. 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 2022 to $22.4M in 2017.

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

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

Latest Data

Trade between Mali () and South Korea ()

Mali Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mali
Top DestinationUnited Arab Emirates$4.83B

South Korea
Top DestinationChina$162B

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

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).

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

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

Comparative Advantage Mali - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mali South Korea+$1.38MGold

Top Product Potential South Korea Mali+$1.97MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Mali () and South Korea ()

Mali Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Mali - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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