2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC 
$30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC
$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

Estonia-Mongolia Trade: In 2023, Estonia exported $1.67M to Mongolia. The main products that Estonia exported to Mongolia were Delivery Trucks ($849k), Nonaqueous Paints ($171k), and Malt Extract ($78.7k). Over the past 5 years the exports of Estonia to Mongolia have decreased at an annualized rate of 20.1%, from $5.13M in 2018 to $1.67M in 2023.

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

Mongolia-Estonia Trade: In 2023, Mongolia exported $7.47k to Estonia. The main products that Mongolia exported to Estonia were Knit Sweaters ($5.84k), Scarves ($506), and Knitted Hats ($462). Over the past 5 years the exports of Mongolia to Estonia have increased at an annualized rate of 2.2%,  from $6.7k in 2018 to $7.47k in 2023.

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

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $1.67M to Mongolia. The main products exported from Estonia to Mongolia were Delivery Trucks ($849k), Nonaqueous Paints ($171k), and Malt Extract ($78.7k). During the last 5 years the exports of Estonia to Mongolia have decreased at an annualized rate of 20.1%, from $5.13M in 2018 to $1.67M in 2023.

In 2018, Mongolia exported $7.47k to Estonia. The main products exported from Mongolia to Estonia were Knit Sweaters ($5.84k), Scarves ($506), and Knitted Hats ($462). During the last 5 years the exports of Mongolia to Estonia have increased at an annualized rate of 2.2%, from $6.7k in 2023 to $7.47k in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Mongolia (Flag)

Estonia Exports

Mongolia Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Mongolia
Top Destination
China$13.1B

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

In 2023, countries that imported more from Estonia than Mongolia included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

In 2023, countries that imported more from Mongolia than Estonia included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

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

Comparative Advantage Estonia - Mongolia

Flow
Scale

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

During 2023, Estonia had a large net trade with Mongolia in the exports of Transportation ($888k), Chemical Products ($207k), and Machines ($192k).

During 2018, Mongolia had a large net trade with Estonia in the exports of Textiles ($6.75k) and Footwear and Headwear ($728).

Economic Complexity

Competitive Landscape

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

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

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