Mali (MLI) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Mali-Sri Lanka Trade: In 2022, Mali exported $2.71k to Sri Lanka. The main products that Mali exported to Sri Lanka were Flavored Water ($2.05k), Ball Bearings ($245), and Integrated Circuits ($112). Over the past 6 years the exports of Mali to Sri Lanka have decreased at an annualized rate of 52%, from $221k in 2016 to $2.71k in 2022.

In 2022, Mali did not export any services to Sri Lanka.

Sri Lanka-Mali Trade: In 2022, Sri Lanka exported $457k to Mali. The main products that Sri Lanka exported to Mali were Tea ($287k), Motor vehicles; parts and accessories (8701 to 8705) ($36.1k), and Iron Structures ($27.2k). Over the past 6 years the exports of Sri Lanka to Mali have decreased at an annualized rate of 51.4%, from $16.8M in 2016 to $457k in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mali exported $2.71k to Sri Lanka. The main products exported from Mali to Sri Lanka were Flavored Water ($2.05k), Ball Bearings ($245), and Integrated Circuits ($112). During the last 6 years the exports of Mali to Sri Lanka have decreased at an annualized rate of 52%, from $221k in 2016 to $2.71k in 2022.

In 2017, Sri Lanka exported $457k to Mali. The main products exported from Sri Lanka to Mali were Tea ($287k), Motor vehicles; parts and accessories (8701 to 8705) ($36.1k), and Iron Structures ($27.2k). During the last 5 years the exports of Sri Lanka to Mali have decreased at an annualized rate of 51.4%, from $16.8M in 2022 to $457k in 2017.

Exports from Mali () to Sri Lanka () (2022)

Exports from Sri Lanka () to Mali () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mali
Top DestinationUnited Arab Emirates$5.57B

Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Mali than Sri Lanka included United Arab Emirates ($5.57B), Switzerland ($1.26B), and Australia ($405M).

In 2022, countries that imported more from Sri Lanka than Mali included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka () and Mali () (2022)

Comparative Advantage Mali - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mali had a large net trade with Sri Lanka in the exports of Foodstuffs ($2.05k), Machines ($357), and Plastics and Rubbers ($98).

During 2017, Sri Lanka had a large net trade with Mali in the exports of Vegetable Products ($312k), Metals ($43.3k), and Transportation ($36.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mali Sri Lanka+$4.94kGold

Top Product Potential Sri Lanka Mali+$2.1kTea

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

About

Historical Data

Bilateral Trade by Products

Exports from Mali () to Sri Lanka () (2022)

Exports from Sri Lanka () to Mali () (2022)

Market Competitiveness

Difference in imports from Sri Lanka () and Mali () (2022)

Comparative Advantage Mali - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mali () and Sri Lanka () (2022)

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