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Pricing

2022
Flag → Flag
Exports $24.2MRnk 9 / 113
2022
Flag → Flag
Top Product $10.7MOther Nuts
2022
Flag → Flag
Exports $241MRnk 128 / 219
2022
Flag → Flag
Top Product $56.7MPlanes, Helicopters, and/or Spacecraft
2022
Flag
Economic Complexity (ECI) ECI -1.14Rnk 110 / 124
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Mongolia-United States In 2022, Mongolia exported $24.2M to United States. The main products that Mongolia exported to United States are Other Nuts ($10.7M), Knit Sweaters ($4.43M), and Molybdenum Ore ($1.72M). During the last 27 years the exports of Mongolia to United States have decreased at an annualized rate of 0.12%, from $25M in 1995 to $24.2M in 2022.

In 2022, Mongolia did not export any services to United States.

United States-Mongolia In 2022, United States exported $241M to Mongolia. The main products that United States exported to Mongolia were Planes, Helicopters, and/or Spacecraft ($56.7M), Cars ($43M), and Delivery Trucks ($23.2M). During the last 27 years the exports of United States to Mongolia have increased at an annualized rate of 11.7%, from $12.2M in 1995 to $241M in 2022.

In 2022, United States did not export any services to Mongolia.

Comparison In 2022,  Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $24.2M to United States. The main products exported from Mongolia to United States were Other Nuts ($10.7M), Knit Sweaters ($4.43M), and Molybdenum Ore ($1.72M). During the last 27 years the exports of Mongolia to United States have decreased at an annualized rate of 0.12%, from $25M in 1995 to $24.2M in 2022.

In 2022, United States exported $241M to Mongolia. The main products exported from United States to Mongolia were Planes, Helicopters, and/or Spacecraft ($56.7M), Cars ($43M), and Delivery Trucks ($23.2M). During the last 27 years the exports of United States to Mongolia have increased at an annualized rate of 11.7%, from $12.2M in 1995 to $241M in 2022.

Exports from Mongolia (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Mongolia (Flag) (2022)

Latest Data

Trade between Mongolia (Flag) and United States (Flag)

Mongolia Exports

United States Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
United States
Top DestinationCanada$308B

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

In 2019, no countries were registered that imported more from Mongolia than from United States.

In 2021, countries that imported more from United States than Mongolia were Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - United States

Flow
Scale

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

During 2022, Mongolia had a large net trade with United States in the exports of Vegetable Products ($10.7M), Textiles ($6.58M), and Mineral Products ($2.48M).

During 2022, United States had a large net trade with Mongolia in the exports of Transportation ($133M), Machines ($46.2M), and Foodstuffs ($12.6M).

Economic Complexity

Competitive Landscape

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 United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Mongolia.

Product Space of Mongolia (Flag) and United States (Flag) (2022)

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