Flag China / Mongolia Flag

2021
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Exports
: $2.5B, Rnk 92 / 209

2021
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Top Product
: $202M, Delivery Trucks

2021
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Exports
: $7.64B, Rnk 1 / 105

2021
FlagFlag
Top Product
: $2.9B, Copper Ore

2021
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Economic Complexity (ECI)
: ECI 1.07, Rnk 25 / 131

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

2021
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GDP
: $17.7T, CURRENT US$
Rnk 2 / 182

2011-2021
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GDP GROWTH
: 135%, CURRENT US$
Rnk 6 / 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 
: $12,556, CURRENT US$
Rnk 58 / 182

2011-2021
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GDP PC GROWTH
: 124%, CURRENT US$
Rnk 4 / 182

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

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

China-Mongolia In 2021, China exported $2.5B to Mongolia. The main products that China exported to Mongolia are Delivery Trucks ($202M), Trailers and semi-trailers, not mechanically propelled vehicles ($196M), and Electricity ($126M). During the last 26 years the exports of China to Mongolia have increased at an annualized rate of 15.2%, from $62.8M in 1995 to $2.5B in 2021.

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

Mongolia-China In 2021, Mongolia exported $7.64B to China. The main products that Mongolia exported to China were Copper Ore ($2.9B), Coal Briquettes ($2.45B), and Iron Ore ($945M). During the last 26 years the exports of Mongolia to China have increased at an annualized rate of 18.5%, from $93.4M in 1995 to $7.64B in 2021.

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

Comparison In 2021,  China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T). 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, China exported $2.5B to Mongolia. The main products exported from China to Mongolia were Delivery Trucks ($202M), Trailers and semi-trailers, not mechanically propelled vehicles ($196M), and Electricity ($126M). During the last 26 years the exports of China to Mongolia have increased at an annualized rate of 15.2%, from $62.8M in 1995 to $2.5B in 2021.

In 2021, Mongolia exported $7.64B to China. The main products exported from Mongolia to China were Copper Ore ($2.9B), Coal Briquettes ($2.45B), and Iron Ore ($945M). During the last 26 years the exports of Mongolia to China have increased at an annualized rate of 18.5%, from $93.4M in 1995 to $7.64B in 2021.

Market Competitiveness

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Color

China
Top Destination
: United States, $530B

Mongolia
Top Destination
: China, $7.64B

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

In 2021, countries that imported more from China than Mongolia were United States ($530B), Hong Kong ($323B), and Japan ($168B).

In 2019, no countries were registered that imported more from Mongolia than from China.

Comparative Advantage China - Mongolia

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Flow
Scale

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

During 2021, China had a large net trade with Mongolia in the exports of Machines ($588M), Transportation ($554M), and Metals ($349M).

During 2021, Mongolia had a large net trade with China in the exports of Mineral Products ($7.08B), Textiles ($294M), and Metals ($110M).

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