Mali (MLI) and Burkina Faso (BFA) Trade | The Observatory of Economic Complexity

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Mali-Burkina Faso Trade: In 2022, Mali exported $18.3M to Burkina Faso. The main products that Mali exported to Burkina Faso were Mixed Mineral or Chemical Fertilizers ($10.8M), Packaged Medicaments ($4.53M), and Carbonates ($872k). Over the past 5 years the exports of Mali to Burkina Faso have decreased at an annualized rate of 30.7%, from $114M in 2017 to $18.3M in 2022.

In 2022, Mali did not export any services to Burkina Faso.

Burkina Faso-Mali Trade: In 2022, Burkina Faso exported $304M to Mali. The main products that Burkina Faso exported to Mali were Gold ($171M), Cement ($82.1M), and Raw Iron Bars ($8.59M). Over the past 5 years the exports of Burkina Faso to Mali have increased at an annualized rate of 59.3%, from $29.7M in 2017 to $304M in 2022.

In 2022, Burkina Faso 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, Burkina Faso ranked 131 in the Economic Complexity Index (ECI -1.91), and 110 in total exports ($8.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mali exported $18.3M to Burkina Faso. The main products exported from Mali to Burkina Faso were Mixed Mineral or Chemical Fertilizers ($10.8M), Packaged Medicaments ($4.53M), and Carbonates ($872k). During the last 5 years the exports of Mali to Burkina Faso have decreased at an annualized rate of 30.7%, from $114M in 2017 to $18.3M in 2022.

In 2017, Burkina Faso exported $304M to Mali. The main products exported from Burkina Faso to Mali were Gold ($171M), Cement ($82.1M), and Raw Iron Bars ($8.59M). During the last 5 years the exports of Burkina Faso to Mali have increased at an annualized rate of 59.3%, from $29.7M in 2022 to $304M in 2017.

Exports from Mali () to Burkina Faso () (2022)

Exports from Burkina Faso () to Mali () (2022)

Latest Data

Trade between Mali () and Burkina Faso ()

Mali Exports

Date

Burkina Faso Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mali
Top DestinationUnited Arab Emirates$5.57B

Burkina Faso
Top DestinationSwitzerland$6.08B

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

In 2022, countries that imported more from Mali than Burkina Faso included United Arab Emirates ($5.57B), Australia ($405M), and Mauritania ($27.2M).

In 2022, countries that imported more from Burkina Faso than Mali included Switzerland ($6.08B), Singapore ($173M), and Cote d'Ivoire ($171M).

Difference in imports from Burkina Faso () and Mali () (2022)

Comparative Advantage Mali - Burkina Faso

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mali had a large net trade with Burkina Faso in the exports of Chemical Products ($17.2M), Plastics and Rubbers ($259k), and Metals ($152k).

During 2017, Burkina Faso had a large net trade with Mali in the exports of Precious Metals ($171M), Mineral Products ($82.6M), and Metals ($15M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mali Burkina Faso+$46.4kOther Oily Seeds

Top Product Potential Burkina Faso Mali+$982kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Mali () to Burkina Faso () (2022)

Exports from Burkina Faso () to Mali () (2022)

Latest Data

Trade between Mali () and Burkina Faso ()

Mali Exports

Burkina Faso Exports

Market Competitiveness

Difference in imports from Burkina Faso () and Mali () (2022)

Comparative Advantage Mali - Burkina Faso

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mali () and Burkina Faso () (2022)

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