2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$16.8BCURRENT US$
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2012-2022
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GDP GROWTH
36.8%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$4,947CURRENT US$
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2012-2022
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GDP PC GROWTH
12.4%CURRENT US$
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About

Finland-Mongolia In 2022, Finland exported $27.4M to Mongolia. The main products that Finland exported to Mongolia are Large Construction Vehicles ($7.6M), Stone Processing Machines ($3.69M), and Prefabricated Buildings ($3.29M). During the last 27 years the exports of Finland to Mongolia have increased at an annualized rate of 8.64%, from $2.92M in 1995 to $27.4M in 2022.

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

Mongolia-Finland In 2022, Mongolia exported $9.15M to Finland. The main products that Mongolia exported to Finland were Precious Metal Ore ($8.48M), Feldspar ($623k), and Other Plastic Products ($14.5k). During the last 27 years the exports of Mongolia to Finland have increased at an annualized rate of 43.2%, from $568 in 1995 to $9.15M in 2022.

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

Comparison In 2022,  Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $27.4M to Mongolia. The main products exported from Finland to Mongolia were Large Construction Vehicles ($7.6M), Stone Processing Machines ($3.69M), and Prefabricated Buildings ($3.29M). During the last 27 years the exports of Finland to Mongolia have increased at an annualized rate of 8.64%, from $2.92M in 1995 to $27.4M in 2022.

In 2022, Mongolia exported $9.15M to Finland. The main products exported from Mongolia to Finland were Precious Metal Ore ($8.48M), Feldspar ($623k), and Other Plastic Products ($14.5k). During the last 26 years the exports of Mongolia to Finland have increased at an annualized rate of 43.2%, from $568 in 1996 to $9.15M in 2022.

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

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

Latest Data

Trade between Finland (Flag) and Mongolia (Flag)

Finland Exports

Mongolia Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Mongolia
Top Destination
China$10.6B

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

In 2021, countries that imported more from Finland than Mongolia were Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

In 2021, countries that imported more from Mongolia than Finland were China ($10.6B), Switzerland ($1.98B), and Iran ($7.39M).

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

Comparative Advantage Finland - Mongolia

Flow
Scale

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

During 2022, Finland had a large net trade with Mongolia in the exports of Machines ($17.5M), Miscellaneous ($3.6M), and Transportation ($1.84M).

During 2022, Mongolia had a large net trade with Finland in the exports of Mineral Products ($9.1M), Textiles ($16.8k), and Plastics and Rubbers ($14.5k).

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 Finland has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Finland.

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

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