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2022
Economic Complexity
Trade -2.3Rank 133 of 133
2022
Economic Complexity
Research -0.76Rank 106 of 135
2022
Product
Exports | Imports $7.56B | $6.08B113 of 226 |  138 of 226
2022
Per Capita Product
Exports | Imports $335 | $269147 of 220 |  201 of 220

About

Overview In 2022, Mali was the number 121 economy in the world in terms of GDP (current US$), the number 113 in total exports, the number 138 in total imports, the number 173 economy in terms of GDP per capita (current US$) and the number 133 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Mali are Gold ($7.26B), Raw Cotton ($105M), Other Oily Seeds ($39.7M), Rough Wood ($30.4M), and Iron Ore ($12.3M), exporting mostly to United Arab Emirates ($5.57B), Switzerland ($1.26B), Australia ($405M), China ($77.5M), and Turkey ($55.4M).

Imports The top imports of Mali are Refined Petroleum ($1.96B), Light Pure Woven Cotton ($215M), Broadcasting Equipment ($211M), Packaged Medicaments ($182M), and Gold ($171M), importing mostly from Cote d'Ivoire ($1.46B), Senegal ($1.13B), China ($581M), France ($367M), and Burkina Faso ($304M).

Location Mali borders Algeria, Burkina Faso, Cote d'Ivoire, Guinea, Mauritania, Niger, and Senegal by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Mali.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Gold$7.26B
Top Destination (2022)United Arab Emirates$5.57B

In 2022, Mali exported a total of $7.56B, making it the number 113 exporter in the world. During the last five reported years the exports of Mali have changed by $5B from $2.57B in 2017 to $7.56B in 2022.

The most recent exports are led by Gold ($7.26B), Raw Cotton ($105M), Other Oily Seeds ($39.7M), Rough Wood ($30.4M), and Iron Ore ($12.3M). The most common destination for the exports of Mali are United Arab Emirates ($5.57B), Switzerland ($1.26B), Australia ($405M), China ($77.5M), and Turkey ($55.4M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
Australia$72.1M (+ 21.7%)
France$9.32M (+ 130%)
India$7.63M (+ 44.1%)
Fastest Growing Import Markets (2021 - 2022)
Cote d'Ivoire$589M (+ 67.4%)
Burkina Faso$225M (+ 287%)
Senegal$83.9M (+ 7.99%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Mali Exports Services (2014)$177M
Mali Imports Services (2014)$1.99B

In 2014, Mali exported $177M worth of services. The top services exported by Mali in 2014 were Business travel ($112M), Government services, n.i.e. ($51.6M), Financial services ($6.3M), Transportation ($3.9M), and Other business services ($1.7M).

The top services imported by Mali in 2014 were Government services, n.i.e. ($1B), Transportation ($702M), Other business services ($93.7M), Business travel ($79.8M), and Construction services ($69.2M).

Service Exports (2014)

Service Imports (2014)

Economic Complexity

Overview

Economic Complexity (Trade)-2.3Rank 133 of 133
Economic Complexity (Research)-0.76Rank 106 of 135

Most Specialized Products by RCA Index

Mali has a high level of specialization in Gold (47.6), Insect Resins (29.6), Other Oily Seeds (19.3), Raw Cotton (14.5), and Rough Wood (6.16). Specialization is measured using RCA, an index that takes the ratio between Mali observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Mali according to the product complexity index (PCI) are Oil-cake and other solid residues; whether or not ground or in the... (-1.2), Wood in the rough, whether or not stripped of bark or sapwood,... (-1.39), Buckwheat, millet and canary seeds; other cereals (-1.69), Tanned or crust skins of sheep and lambs, without wool on, whether... (-1.77), and Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens; fresh or dried (-1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Mali according to the relatedness index, were Crude Petroleum (0.034), Ground Nuts (0.032), Niobium, Tantalum, Vanadium and Zirconium Ore (0.031), Cocoa Beans (0.031), and Cocoa Shells (0.03). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Mali is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Mali. These are products that tend to be co-exported with the products that Mali exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Mali's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 133rd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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