Czechia (CZE) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Czechia-Mongolia Trade: In 2022, Czechia exported $19.4M to Mongolia. The main products that Czechia exported to Mongolia were Toilet Paper ($1.8M), Hair Products ($1.24M), and Soap ($1.16M). Over the past 5 years the exports of Czechia to Mongolia have increased at an annualized rate of 4.49%, from $15.6M in 2017 to $19.4M in 2022.

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

Mongolia-Czechia Trade: In 2022, Mongolia exported $1.41M to Czechia. The main products that Mongolia exported to Czechia were Animal Organs ($305k), Gold ($229k), and Vegetable Alkaloids ($213k). Over the past 5 years the exports of Mongolia to Czechia have decreased at an annualized rate of 2.58%, from $1.61M in 2017 to $1.41M in 2022.

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

Comparison: In 2022, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Czechia exported $19.4M to Mongolia. The main products exported from Czechia to Mongolia were Toilet Paper ($1.8M), Hair Products ($1.24M), and Soap ($1.16M). During the last 5 years the exports of Czechia to Mongolia have increased at an annualized rate of 4.49%, from $15.6M in 2017 to $19.4M in 2022.

In 2017, Mongolia exported $1.41M to Czechia. The main products exported from Mongolia to Czechia were Animal Organs ($305k), Gold ($229k), and Vegetable Alkaloids ($213k). During the last 5 years the exports of Mongolia to Czechia have decreased at an annualized rate of 2.58%, from $1.61M in 2022 to $1.41M in 2017.

Exports from Czechia () to Mongolia () (2022)

Exports from Mongolia () to Czechia () (2022)

Latest Data

Trade between Czechia () and Mongolia ()

Czechia Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Czechia
Top DestinationGermany$75.3B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Czechia than Mongolia included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

In 2022, countries that imported more from Mongolia than Czechia included China ($10.6B).

Difference in imports from Mongolia () and Czechia () (2022)

Comparative Advantage Czechia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Czechia had a large net trade with Mongolia in the exports of Chemical Products ($5.1M), Machines ($3.99M), and Foodstuffs ($2.11M).

During 2017, Mongolia had a large net trade with Czechia in the exports of Animal Products ($305k), Textiles ($249k), and Precious Metals ($231k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Czechia Mongolia+$727kCars

Top Product Potential Mongolia Czechia+$750kGold

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Czechia () to Mongolia () (2022)

Exports from Mongolia () to Czechia () (2022)

Latest Data

Trade between Czechia () and Mongolia ()

Czechia Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Czechia () (2022)

Comparative Advantage Czechia - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Czechia () and Mongolia () (2022)

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