Austria (AUT) and Mongolia (MNG) Trade | OEC - The Observatory of Economic Complexity

About

Austria-Mongolia In 2021, Austria exported $30.5M to Mongolia. The main products that Austria exported to Mongolia are Cars ($11.1M), Iron Structures ($2.89M), and Light Fixtures ($2.03M). During the last 26 years the exports of Austria to Mongolia have increased at an annualized rate of 5.22%, from $8.13M in 1995 to $30.5M in 2021.

In 2021, Austria did not export any services to Mongolia.

Mongolia-Austria In 2021, Mongolia exported $4.17M to Austria. The main products that Mongolia exported to Austria were Tungsten Ore ($2.07M), Animal Organs ($1.44M), and Knit Sweaters ($205k). During the last 26 years the exports of Mongolia to Austria have increased at an annualized rate of 23.1%, from $18.6k in 1995 to $4.17M in 2021.

In 2021, Mongolia did not export any services to Austria.

Comparison In 2021, Austria ranked 9 in the Economic Complexity Index (ECI 1.5), and 31 in total exports ($198B). That same year, Mongolia ranked 117 in the Economic Complexity Index (ECI -1.23), and 95 in total exports ($10.5B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Austria exported $30.5M to Mongolia. The main products exported from Austria to Mongolia were Cars ($11.1M), Iron Structures ($2.89M), and Light Fixtures ($2.03M). During the last 26 years the exports of Austria to Mongolia have increased at an annualized rate of 5.22%, from $8.13M in 1995 to $30.5M in 2021.

In 2021, Mongolia exported $4.17M to Austria. The main products exported from Mongolia to Austria were Tungsten Ore ($2.07M), Animal Organs ($1.44M), and Knit Sweaters ($205k). During the last 26 years the exports of Mongolia to Austria have increased at an annualized rate of 23.1%, from $18.6k in 1995 to $4.17M in 2021.

Latest Data

Austria Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

SectionYear

Austria
Top Destination: Germany, $56.4B

Mongolia
Top Destination: China, $7.64B

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

In 2021, countries that imported more from Austria than Mongolia were Germany ($56.4B), Italy ($13.1B), and United States ($12.7B).

In 2021, countries that imported more from Mongolia than Austria were China ($7.64B).

Comparative Advantage Austria - Mongolia

Flow

Scale

Year

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

During 2021, Austria had a large net trade with Mongolia in the exports of Transportation ($11.9M), Metals ($3.58M), and Machines ($2.95M).

During 2021, Mongolia had a large net trade with Austria in the exports of Mineral Products ($2.07M), Animal Products ($1.44M), and Textiles ($526k).

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Austria Exports

Mongolia Exports

Market Competitiveness

Comparative Advantage Austria - Mongolia

Economic Complexity

Competitive Landscape

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