Russia (RUS) and Mali (MLI) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Mali (MLI) Trade

2021

→

Exports $30.8MRnk 16 / 0

2021

→

Exports $618kRnk 40 / 0

2022

Economic Complexity (ECI) ECI 0.43Rnk 47 / 133

2022

Economic Complexity (ECI) ECI -2.3Rnk 133 / 133

2022

GDP$2.24TCURRENT US$
Rnk 8 / 186

2012-2022

GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186

2022

GDP$18.8BCURRENT US$
Rnk 121 / 186

2012-2022

GDP GROWTH51.3%CURRENT US$
Rnk 58 / 186

2022

GDP PC $15,345CURRENT US$
Rnk 63 / 186

2012-2022

GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

2022

GDP PC$833CURRENT US$
Rnk 173 / 186

2012-2022

GDP PC GROWTH10.6%CURRENT US$
Rnk 114 / 186

Image 1

Image by Sam Greenhalgh
Link: https://flic.kr/p/9qSwNm

Image 2

Image by David Sessoms
Link: https://flic.kr/p/ovTLB

Latest Trends
Historical Data
Potential Exports
Economic Complexity

About

Russia-Mali Trade: In 2021, Russia exported $30.8M to Mali. The main products that Russia exported to Mali were N/A. Over the past 5 years the exports of Russia to Mali have decreased at an annualized rate of 11.1%, from $55.3M in 2016 to $30.8M in 2021.

In 2020, Russia exported services to Mali worth $36.8M, with Transportation ($36.8M), Computer and information services ($34k), and Financial services ($19k) being the largest in terms of value.

Mali-Russia Trade: In 2021, Mali exported $618k to Russia. The main products that Mali exported to Russia were N/A. Over the past 5 years the exports of Mali to Russia have decreased at an annualized rate of 35.5%, from $5.54M in 2016 to $618k in 2021.

In 2021, Mali did not export any services to Russia.

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Mali ranked 133 in the Economic Complexity Index (ECI -2.3), and 113 in total exports ($7.56B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $384k and imported $4.89k from Mali, resulting in a positive trade balance of $379k. Between January 2021 and January 2022 the exports of Russia have decreased by $-2.04M (-84.1%) from $2.42M to $384k, while imports increased by $3.77k (335%) from $1.12k to $4.89k.

Trade In January 2022, the top exports of Russia to Mali were Wheat ($2.29M), Nitrogen Heterocyclic Compounds ($51.1k), Vehicle Bodies (including cabs) for the... ($49.9k), Flavored Water ($11.6k), and Uncoated Paper ($8.54k). In January 2022 the top imports of Russia from Mali were Integrated Circuits ($1.12k).

Origins In January 2022 the exports of Russia were mainly from TYUMEN REGION ($185k), TULA REGION ($150k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($48.5k), and NOVGOROD REGION ($32.3), while imports destinations were mainly TYUMEN REGION ($4.22k) and KALININGRAD REGION ($669).

Growth In January 2022, the decrease in Russia's year-by-year exports to Mali was explained primarily by an decrease in product exports in . In January 2022, the increase in Russia's year-by-year imports from Mali was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$-2.04M(-84.1%)

IMPORT GROWTH (January 2021 - January 2022)$3.77k(335%)

MAIN EXPORTER (January 2022)TYUMEN REGION$185k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Mali and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mali and Russia Data

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Russia exported $30.8M to Mali. There were not main exports from Russia to Mali in 2021. During the last 5 years the exports of Russia to Mali have decreased at an annualized rate of 11.1%, from $55.3M in 2016 to $30.8M in 2021.

In 2016, Mali exported $618k to Russia. There were not main exports from Mali to Russia in 2016. During the last 5 years the exports of Mali to Russia have decreased at an annualized rate of 35.5%, from $5.54M in 2021 to $618k in 2016.

Exports from Russia () to Mali () (2021)

Exports from Mali () to Russia () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Mali
Top DestinationUnited Arab Emirates$5.57B

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

In 2022, countries that imported more from Russia than Mali included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Mali than Russia included Mauritania ($27.2M), Mauritius ($3.84M), and Antigua and Barbuda ($16k).

Difference in imports from Mali () and Russia () (2022)

Comparative Advantage Russia - Mali

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Russia had a large net trade with Mali in the exports of .

During 2016, Mali had a large net trade with Russia 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 Russia Mali+$7.38kRefined Petroleum

Top Product Potential Mali Russia+$5.63kGold

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

Product Space of Russia () and Mali () (2021)

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