2022
Flag  
GDP
$18.8BCURRENT US$
Rnk 121 / 186
2012-2022
Flag
GDP GROWTH
51.3%CURRENT US$
Rnk 58 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$833CURRENT US$
Rnk 173 / 186
2012-2022
Flag
GDP PC GROWTH
10.6%CURRENT US$
Rnk 114 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $3.95M in 2022.

In 2017, 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 2022 to $22.4M in 2017.

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

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

Latest Data

Trade between Mali (Flag) and South Korea (Flag)

Mali Exports

South Korea Exports

Market Competitiveness

Color
Mali
Top Destination
United Arab Emirates$5.57B
South Korea
Top Destination
China$150B

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

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

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

Comparative Advantage Mali - South Korea

Flow
Scale

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 Vegetable Products ($2.26M), Machines ($1.53M), and Precious Metals ($145k).

During 2017, South Korea had a large net trade with Mali in the exports of Transportation ($10.9M), Chemical Products ($9.73M), and Machines ($770k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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