Mali has extensive biomass resources including forests which are under pressure to provide fuel wood to satisfy the domestic energy requirements of the growing population. Eighty per cent of national energy supply is provided by biomass and this contributes to the deforestation rate of 4,000 km2 every year (REEEP, 2012).
Does Mali have oil?
The country does not have domestic crude oil production or a refinery. Mali’s consumption of fuel products is entirely met through imports, mainly from Senegal and Niger. Oil product imports have tripled since 2010, reaching 1.9 Mt in 2021. In September 2022, Niger stopped exporting oil products to Mali.
What are the top export opportunities for Mali?
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.
Does Mali have a high level of specialization?
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.