2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

Belarus-Mongolia Trade: In 2022, Belarus exported $14.8M to Mongolia. The main products that Belarus exported to Mongolia were Concentrated Milk ($11.2M), Delivery Trucks ($6.07M), and Refined Petroleum ($3.2M). Over the past 5 years the exports of Belarus to Mongolia have increased at an annualized rate of 76%, from $875k in 2017 to $14.8M in 2022.

In 2014, Belarus exported services to Mongolia worth $151k, with Insurance services ($151k) and Government services, n.i.e. ($300) being the largest in terms of value.

Mongolia-Belarus Trade: In 2022, Mongolia exported $154k to Belarus. The main products that Mongolia exported to Belarus were Cars ($263k), Feldspar ($111k), and Motor vehicles; parts and accessories (8701 to 8705) ($524). Over the past 5 years the exports of Mongolia to Belarus have increased at an annualized rate of 19.5%,  from $63.2k in 2017 to $154k in 2022.

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

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). 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, Belarus exported $14.8M to Mongolia. The main products exported from Belarus to Mongolia were Concentrated Milk ($11.2M), Delivery Trucks ($6.07M), and Refined Petroleum ($3.2M). During the last 5 years the exports of Belarus to Mongolia have increased at an annualized rate of 76%, from $875k in 2017 to $14.8M in 2022.

In 2017, Mongolia exported $154k to Belarus. The main products exported from Mongolia to Belarus were Cars ($263k), Feldspar ($111k), and Motor vehicles; parts and accessories (8701 to 8705) ($524). During the last 19 years the exports of Mongolia to Belarus have increased at an annualized rate of 19.5%, from $63.2k in 1998 to $154k in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Mongolia (Flag)

Belarus Exports

Mongolia Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Mongolia
Top Destination
China$10.6B

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

In 2022, countries that imported more from Belarus than Mongolia included Ukraine ($1.29B), Poland ($933M), and Kazakhstan ($827M).

In 2022, countries that imported more from Mongolia than Belarus included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage Belarus - Mongolia

Flow
Scale

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

During 2022, Belarus had a large net trade with Mongolia in the exports of Animal Products ($13.9M), Transportation ($10.3M), and Foodstuffs ($3.4M).

During 2017, Mongolia had a large net trade with Belarus in the exports of Transportation ($263k), Mineral Products ($111k), and Machines ($564).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Mongolia+$347kRefined Petroleum
Top Product Potential Mongolia Belarus+$201kCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

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

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