Flag Belarus / Mongolia Flag

2021
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Exports
: $43.6M, Rnk 47 / 165

2021
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Top Product
: $10M, Concentrated Milk

2021
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Exports
: $8.89k, Rnk 73 / 105

2021
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Top Product
: $3.8k, Knit Sweaters

2021
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Economic Complexity (ECI)
: ECI 0.84, Rnk 33 / 131

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

2021
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GDP
: $68.2B, CURRENT US$
Rnk 72 / 182

2011-2021
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GDP GROWTH
: 10.5%, CURRENT US$
Rnk 130 / 182

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

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

2021
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GDP PC 
: $7,304, CURRENT US$
Rnk 83 / 182

2011-2021
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GDP PC GROWTH
: 11.9%, CURRENT US$
Rnk 99 / 182

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

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

Belarus-Mongolia In 2021, Belarus exported $43.6M to Mongolia. The main products that Belarus exported to Mongolia are Concentrated Milk ($10M), Special purpose motor vehicles ($8.71M), and Tractors ($3.05M). During the last 24 years the exports of Belarus to Mongolia have increased at an annualized rate of 17.8%, from $852k in 1997 to $43.6M in 2021.

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 In 2021, Mongolia exported $8.89k to Belarus. The main products that Mongolia exported to Belarus were Knit Sweaters ($3.8k), Laboratory Reagents ($3.09k), and Knit Women's Suits ($500). During the last 24 years the exports of Mongolia to Belarus have decreased at an annualized rate of 7.82%, from $62.8k in 1997 to $8.89k in 2021.

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

Comparison In 2021,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.84), and 65 in total exports ($34.6B). That same year, Mongolia ranked 117 in the Economic Complexity Index (ECI -1.23), and 95 in total exports ($10.5B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Belarus exported $43.6M to Mongolia. The main products exported from Belarus to Mongolia were Concentrated Milk ($10M), Special purpose motor vehicles ($8.71M), and Tractors ($3.05M). During the last 24 years the exports of Belarus to Mongolia have increased at an annualized rate of 17.8%, from $852k in 1997 to $43.6M in 2021.

In 2021, Mongolia exported $8.89k to Belarus. The main products exported from Mongolia to Belarus were Knit Sweaters ($3.8k), Laboratory Reagents ($3.09k), and Knit Women's Suits ($500). During the last 23 years the exports of Mongolia to Belarus have decreased at an annualized rate of 7.82%, from $62.8k in 1998 to $8.89k in 2021.

Belarus Exports

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Mongolia Exports

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Market Competitiveness

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Color

Belarus
Top Destination
: Russia, $15.8B

Mongolia
Top Destination
: China, $7.64B

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 2021, countries that imported more from Belarus than Mongolia were Russia ($15.8B), Ukraine ($4.74B), and Poland ($2B).

In 2021, countries that imported more from Mongolia than Belarus were China ($7.64B), Switzerland ($1.97B), and Singapore ($255M).

Comparative Advantage Belarus - Mongolia

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Flow
Scale

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

During 2021, Belarus had a large net trade with Mongolia in the exports of Transportation ($16.5M), Animal Products ($12.1M), and Machines ($6.97M).

During 2021, Mongolia had a large net trade with Belarus in the exports of Textiles ($5.3k), Chemical Products ($3.09k), and Machines ($300).

Bilateral Service Trade

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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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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