Mongolia (MNG) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Mongolia-Russia In 2022, Mongolia exported $112M to Russia. The main products that Mongolia exported to Russia are Feldspar ($46.5M), Planes, Helicopters, and/or Spacecraft ($28.5M), and Rubber Tires ($7.59M). During the last 26 years the exports of Mongolia to Russia have decreased at an annualized rate of 3.24%, from $264M in 1996 to $112M in 2022.

In 2022, Mongolia did not export any services to Russia.

Russia-Mongolia In 2022, Russia exported $2.44B to Mongolia. The main products that Russia exported to Mongolia were Refined Petroleum ($1.43B), Raw Iron Bars ($117M), and Nitrogenous Fertilizers ($108M). During the last 26 years the exports of Russia to Mongolia have increased at an annualized rate of 9.73%, from $218M in 1996 to $2.44B in 2022.

In 2020, Russia exported services to Mongolia worth $97.4M, with Communications services ($44.9M), Transportation ($27.1M), and Travel ($12.9M) being the largest in terms of value.

Comparison In 2022, Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $112M to Russia. The main products exported from Mongolia to Russia were Feldspar ($46.5M), Planes, Helicopters, and/or Spacecraft ($28.5M), and Rubber Tires ($7.59M). During the last 26 years the exports of Mongolia to Russia have decreased at an annualized rate of 3.24%, from $264M in 1996 to $112M in 2022.

In 2022, Russia exported $2.44B to Mongolia. The main products exported from Russia to Mongolia were Refined Petroleum ($1.43B), Raw Iron Bars ($117M), and Nitrogenous Fertilizers ($108M). During the last 26 years the exports of Russia to Mongolia have increased at an annualized rate of 9.73%, from $218M in 1996 to $2.44B in 2022.

Exports from Mongolia () to Russia () (2022)

Exports from Russia () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Russia ()

Mongolia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Mongolia than Russia were Iran ($7.39M), Saudi Arabia ($672k), and Sudan ($419k).

In 2021, countries that imported more from Russia than Mongolia were China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Mongolia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Russia in the exports of Mineral Products ($53.5M), Transportation ($31.5M), and Plastics and Rubbers ($8.05M).

During 2022, Russia had a large net trade with Mongolia in the exports of Mineral Products ($1.52B), Chemical Products ($179M), and Metals ($163M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Mongolia worth $97.4M, with Communications services ($44.9M), Transportation ($27.1M), and Travel ($12.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Mongolia () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Mongolia has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Russia () (2022)

Exports from Russia () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Russia ()

Mongolia Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Russia

Service Trade

Bilateral Service Trade

Services Exports from Russia () to Mongolia () (2020)

Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Russia () (2022)

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