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Pricing

2022
Flag → Flag
Exports $49.6MRnk 85 / 213
2022
Flag → Flag
Top Product $3.8MRefined Copper
2022
Flag → Flag
Exports $1.52MRnk 31 / 113
2022
Flag → Flag
Top Product $302kTungsten Ore
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Australia-Mongolia Trade: In 2022, Australia exported $49.6M to Mongolia. The main products that Australia exported to Mongolia were Refined Copper ($3.8M), Transmissions ($2.97M), and Liquid Pumps ($2.21M). Over the past 5 years the exports of Australia to Mongolia have increased at an annualized rate of 10.2%, from $30.5M in 2017 to $49.6M in 2022.

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

Mongolia-Australia Trade: In 2022, Mongolia exported $1.52M to Australia. The main products that Mongolia exported to Australia were Tungsten Ore ($302k), Excavation Machinery ($137k), and Prefabricated Buildings ($124k). Over the past 5 years the exports of Mongolia to Australia have decreased at an annualized rate of 6.69%,  from $3.73M in 2017 to $1.52M in 2022.

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

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $49.6M to Mongolia. The main products exported from Australia to Mongolia were Refined Copper ($3.8M), Transmissions ($2.97M), and Liquid Pumps ($2.21M). During the last 5 years the exports of Australia to Mongolia have increased at an annualized rate of 10.2%, from $30.5M in 2017 to $49.6M in 2022.

In 2017, Mongolia exported $1.52M to Australia. The main products exported from Mongolia to Australia were Tungsten Ore ($302k), Excavation Machinery ($137k), and Prefabricated Buildings ($124k). During the last 5 years the exports of Mongolia to Australia have decreased at an annualized rate of 6.69%, from $3.73M in 2022 to $1.52M in 2017.

Exports from Australia (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Mongolia (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top DestinationChina$123B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Australia than Mongolia included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Mongolia than Australia included Belarus ($375k) and Uzbekistan ($4.3M).

Difference in imports from Mongolia (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Mongolia

Flow
Scale

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

During 2022, Australia had a large net trade with Mongolia in the exports of Machines ($20.7M), Metals ($7.83M), and Instruments ($4.84M).

During 2017, Mongolia had a large net trade with Australia in the exports of Machines ($527k), Mineral Products ($306k), and Animal Products ($167k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Australia and Mongolia. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Australia.

Product Space of Australia (Flag) and Mongolia (Flag) (2022)

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