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2023
Flag → Flag
Exports $193MRnk 116 / 220
2023
Flag → Flag
Top Product $21.4MCars
2023
Flag → Flag
Exports $18.6MRnk 9 / 101
2023
Flag → Flag
Top Product $6.84MKnit Sweaters
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
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GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$5,839CURRENT US$
Rnk 116 / 196
2013-2023
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GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Germany-Mongolia Trade: In 2023, Germany exported $193M to Mongolia. The main products that Germany exported to Mongolia were Cars ($21.4M), Packaged Medicaments ($18.7M), and Chocolate ($12.7M). Over the past 5 years the exports of Germany to Mongolia have increased at an annualized rate of 2.56%, from $170M in 2018 to $193M in 2023.

In 2023, Germany did not export any services to Mongolia.

Mongolia-Germany Trade: In 2023, Mongolia exported $18.6M to Germany. The main products that Mongolia exported to Germany were Knit Sweaters ($6.84M), Other Nuts ($3.59M), and Animal Organs ($2.54M). Over the past 5 years the exports of Mongolia to Germany have increased at an annualized rate of 2.26%,  from $16.6M in 2018 to $18.6M in 2023.

In 2023, Mongolia did not export any services to Germany.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €21.9M and imported €1.86M from Mongolia, resulting in a positive trade balance of €20M. Between November 2023 and November 2024 the exports of Germany have increased by €5.4M (32.7%) from €16.5M to €21.9M, while imports decreased by €-131k (-6.58%) from €1.99M to €1.86M.

Trade In November 2024, the top exports of Germany to Mongolia were Motor cars and motor caravans (€2.9M), Pharmaceutical products (€1.08M), Cocoa and cocoa products (€819k), Medical, surgical equipment, orthopaedic apparatus (€781k), and Machinery for food, beverage, tobacco production (€636k). In November 2024 the top imports of Germany from Mongolia were Apparel of knitted, crocheted wool, animal... (€1.04M), Other food of animal origin (€811k), Nuts and dried fruits (€681k), Apparel of knitted, crocheted silk, man-made... (€127k), and Apparel of wool, other animal hair,... (€72k).

Origins In November 2024 the exports of Germany were mainly from North Rhine-Westphalia (€5.34M), Bavaria (€2.52M), Lower Saxony (€1.91M), Baden-Württemberg (€1.59M), and Rhineland-Pfalz (€994k), while imports destinations were mainly Hamburg (€669k), Berlin (€385k), Lower Saxony (€374k), North Rhine-Westphalia (€152k), and Bavaria (€128k).

Growth In November 2024, the increase in Germany's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Motor cars and motor caravans (€2.64M or 1.01k%), Machinery for food, beverage, tobacco production (€635k or 63.5k%), and Other food of vegetable origin (€380k or 252%). In November 2024, the decrease in Germany's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in Wool, other animal hair, raw or... (€-327k or -90.8%), Nuts and dried fruits (€-167k or -19.7%), and Other textile products (€-13k or -28.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€5.4M(32.7%)
IMPORT GROWTH (November 2023 - November 2024)€-131k(-6.58%)
MAIN EXPORTER (November 2024)North Rhine-Westphalia€5.34M

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

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

For full datasets download visit Bulk Download page.

Explore Mongolia and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $193M to Mongolia. The main products exported from Germany to Mongolia were Cars ($21.4M), Packaged Medicaments ($18.7M), and Chocolate ($12.7M). During the last 5 years the exports of Germany to Mongolia have increased at an annualized rate of 2.56%, from $170M in 2018 to $193M in 2023.

In 2018, Mongolia exported $18.6M to Germany. The main products exported from Mongolia to Germany were Knit Sweaters ($6.84M), Other Nuts ($3.59M), and Animal Organs ($2.54M). During the last 5 years the exports of Mongolia to Germany have increased at an annualized rate of 2.26%, from $16.6M in 2023 to $18.6M in 2018.

Exports from Germany (Flag) to Mongolia (Flag) (2023)

Exports from Mongolia (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Germany than Mongolia included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, no countries were registered that imported more from Mongolia than from Germany.

Difference in imports from Mongolia (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Mongolia

Flow
Scale

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

During 2023, Germany had a large net trade with Mongolia in the exports of Foodstuffs ($37.8M), Transportation ($37.1M), and Chemical Products ($32.4M).

During 2018, Mongolia had a large net trade with Germany in the exports of Textiles ($10.9M), Vegetable Products ($3.63M), and Animal Products ($3.05M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Mongolia+$20.4MCars
Top Product Potential Mongolia Germany+$2.85MKnit Sweaters

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

Product Space of Germany (Flag) and Mongolia (Flag) (2023)

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