2021
Flag  
GDP
$17.8TCURRENT US$
Rnk 2 / 204
2011-2021
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GDP GROWTH
136%CURRENT US$
Rnk 6 / 204
2021
Flag
 GDP
$15.3BCURRENT US$
Rnk 126 / 204
2011-2021
Flag
GDP GROWTH
46.8%CURRENT US$
Rnk 61 / 204
2021
Flag
GDP PC 
$12,618CURRENT US$
Rnk 75 / 204
2011-2021
Flag
GDP PC GROWTH
125%CURRENT US$
Rnk 5 / 204
2021
Flag
GDP PC
$4,566CURRENT US$
Rnk 128 / 204
2011-2021
Flag
GDP PC GROWTH
20.4%CURRENT US$
Rnk 80 / 204

About

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

Bilateral Trade by Products

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.

Exports from China (Flag) to Mongolia (Flag) (2021)

Exports from Mongolia (Flag) to China (Flag) (2021)

Market Competitiveness

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.

Difference in imports from Mongolia (Flag) and China (Flag) (2021)

Comparative Advantage China - Mongolia

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

Competitive Landscape

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.

Product Space of China (Flag) and Mongolia (Flag) (2021)

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