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Pricing

2022
Flag → Flag
Exports $1.43BRnk 90 / 211
2022
Flag → Flag
Top Product $227MDelivery Trucks
2022
Flag → Flag
Exports $5.27BRnk 1 / 113
2022
Flag → Flag
Top Product $5.99BCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
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GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

China-Mongolia Trade: In 2022, China exported $1.43B to Mongolia. The main products that China exported to Mongolia were Delivery Trucks ($227M), Trailers and semi-trailers, not mechanically propelled vehicles ($227M), and Electricity ($126M). Over the past 5 years the exports of China to Mongolia have increased at an annualized rate of 86.9%, from $62.8M in 2017 to $1.43B in 2022.

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

Mongolia-China Trade: In 2022, Mongolia exported $5.27B to China. The main products that Mongolia exported to China were Coal Briquettes ($5.99B), Copper Ore ($2.73B), and Iron Ore ($389M). Over the past 5 years the exports of Mongolia to China have increased at an annualized rate of 124%,  from $93.3M in 2017 to $5.27B in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $367M and imported $1.19B from Mongolia, resulting in a negative trade balance of $825M. Between May 2023 and May 2024 the exports of China have increased by $68.9M (23.1%) from $298M to $367M, while imports increased by $238M (24.9%) from $954M to $1.19B.

Trade In May 2024, the top exports of China to Mongolia were Trailers and semi-trailers, not mechanically propelled... ($12.5M), Tractors ($12.4M), Delivery Trucks ($12.2M), Buses ($11.7M), and Electricity ($11.4M). In May 2024 the top imports of China from Mongolia were Coal Briquettes ($521M), Copper Ore ($217M), Other Nuts ($30.4M), Crude Petroleum ($28.9M), and Iron Ore ($18.7M).

Origins In May 2024 the exports of China were mainly from Inner Mongolia Autonomous Region ($94M), Guangdong Province ($77.8M), Beijing ($43.6M), Tianjin ($28.3M), and Shandong Province ($23.5M), while imports destinations were mainly Inner Mongolia Autonomous Region ($782M), Fujian Province ($80M), Beijing ($65.3M), Hainan Province ($38.8M), and Xingjiang Uygur Autonomous Region ($37.5M).

Growth In May 2024, the increase in China's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Delivery Trucks ($12.2M or 194k%), Trailers and semi-trailers, not mechanically propelled... ($9.04M or 260%), and Tractors ($8.69M or 234%). In May 2024, the increase in China's year-by-year imports  from Mongolia was explained primarily by an increase in product imports  in Coal Briquettes ($401M or 333%), Copper Ore ($72.4M or 50%), and Iron Ore ($17.1M or 1.04k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$68.9M(23.1%)
IMPORT GROWTH (May 2023 - May 2024)$238M(24.9%)
MAIN EXPORTER (May 2024)Inner Mongolia Autonomous Region$94M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Mongolia and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $1.43B to Mongolia. The main products exported from China to Mongolia were Delivery Trucks ($227M), Trailers and semi-trailers, not mechanically propelled vehicles ($227M), and Electricity ($126M). During the last 5 years the exports of China to Mongolia have increased at an annualized rate of 86.9%, from $62.8M in 2017 to $1.43B in 2022.

In 2017, Mongolia exported $5.27B to China. The main products exported from Mongolia to China were Coal Briquettes ($5.99B), Copper Ore ($2.73B), and Iron Ore ($389M). During the last 22 years the exports of Mongolia to China have increased at an annualized rate of 124%, from $93.3M in 1995 to $5.27B in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationN/AN/A
Mongolia
Top DestinationN/AN/A

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.

N/A

N/A

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

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 2022, China had a large net trade with Mongolia in the exports of Transportation ($664M), Machines ($623M), and Metals ($548M).

During 2017, Mongolia had a large net trade with China in the exports of Mineral Products ($9.95B), Textiles ($370M), and Metals ($115M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Mongolia+$87.3MTelephones
Top Product Potential Mongolia China+$692MCopper Ore

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 China and Mongolia. This means that a dot/product with the flag of China indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over China.

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

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