Australia / Mongolia

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 13.9%,  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).