Flag Austria / Mongolia Flag

2021
FlagFlag
Exports
: $30.5M, Rnk 95 / 217

2021
FlagFlag
Top Product
: $11.1M, Cars

2021
FlagFlag
Exports
: $4.17M, Rnk 16 / 105

2021
FlagFlag
Top Product
: $2.07M, Tungsten Ore

2021
Flag
Economic Complexity (ECI)
: ECI 1.5, Rnk 9 / 131

2021
Flag
Economic Complexity (ECI)
: ECI -1.23, Rnk 117 / 131

2021
Flag  
GDP
: $477B, CURRENT US$
Rnk 29 / 182

2011-2021
Flag
GDP GROWTH
: 10.5%, CURRENT US$
Rnk 129 / 182

2021
Flag
 GDP
: $15.1B, CURRENT US$
Rnk 123 / 182

2011-2021
Flag
GDP GROWTH
: 45%, CURRENT US$
Rnk 61 / 182

2021
Flag
GDP PC 
: $53,268, CURRENT US$
Rnk 15 / 182

2011-2021
Flag
GDP PC GROWTH
: 3.55%, CURRENT US$
Rnk 116 / 182

2021
Flag
GDP PC
: $4,535, CURRENT US$
Rnk 107 / 182

2011-2021
Flag
GDP PC GROWTH
: 20.7%, CURRENT US$
Rnk 71 / 182

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

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

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.

Austria Exports

#permalink to section

Mongolia Exports

#permalink to section

Market Competitiveness

#permalink to section
Color

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

#permalink to section
Flow
Scale

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

#permalink to section

Competitive Landscape

#permalink to section

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.