Flag United Kingdom / Mongolia Flag

2021
FlagFlag
Exports
: $44.4M, Rnk 127 / 222

2021
FlagFlag
Top Product
: $7.55M, Planes, Helicopters, and/or Spacecraft

2021
FlagFlag
Exports
: $13.2M, Rnk 11 / 105

2021
FlagFlag
Top Product
: $5.36M, Prepared Wool or Animal Hair

2021
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Economic Complexity (ECI)
: ECI 1.43, Rnk 11 / 131

2021
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Economic Complexity (ECI)
: ECI -1.23, Rnk 117 / 131

2021
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GDP
: $3.19T, CURRENT US$
Rnk 5 / 182

2011-2021
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GDP GROWTH
: 19.1%, CURRENT US$
Rnk 110 / 182

2021
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 GDP
: $15.1B, CURRENT US$
Rnk 123 / 182

2011-2021
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GDP GROWTH
: 45%, CURRENT US$
Rnk 61 / 182

2021
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GDP PC 
: $47,334, CURRENT US$
Rnk 22 / 182

2011-2021
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GDP PC GROWTH
: 11.9%, CURRENT US$
Rnk 98 / 182

2021
Flag
GDP PC
: $4,535, CURRENT US$
Rnk 107 / 182

2011-2021
Flag
GDP PC GROWTH
: 20.7%, CURRENT US$
Rnk 71 / 182

United Kingdom-Mongolia In 2021, United Kingdom exported $44.4M to Mongolia. The main products that United Kingdom exported to Mongolia are Planes, Helicopters, and/or Spacecraft ($7.55M), Iron Pipe Fittings ($5.22M), and Cars ($3.35M). During the last 26 years the exports of United Kingdom to Mongolia have increased at an annualized rate of 9.11%, from $4.6M in 1995 to $44.4M in 2021.

In 2021, United Kingdom did not export any services to Mongolia.

Mongolia-United Kingdom In 2021, Mongolia exported $13.2M to United Kingdom. The main products that Mongolia exported to United Kingdom were Prepared Wool or Animal Hair ($5.36M), Animal Hair ($3.04M), and Knit Sweaters ($2.58M). During the last 26 years the exports of Mongolia to United Kingdom have increased at an annualized rate of 5.8%, from $3.05M in 1995 to $13.2M in 2021.

In 2021, Mongolia did not export any services to United Kingdom.

Comparison In 2021,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43), and 13 in total exports ($420B). That same year, Mongolia ranked 117 in the Economic Complexity Index (ECI -1.23), and 95 in total exports ($10.5B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, United Kingdom exported $44.4M to Mongolia. The main products exported from United Kingdom to Mongolia were Planes, Helicopters, and/or Spacecraft ($7.55M), Iron Pipe Fittings ($5.22M), and Cars ($3.35M). During the last 26 years the exports of United Kingdom to Mongolia have increased at an annualized rate of 9.11%, from $4.6M in 1995 to $44.4M in 2021.

In 2021, Mongolia exported $13.2M to United Kingdom. The main products exported from Mongolia to United Kingdom were Prepared Wool or Animal Hair ($5.36M), Animal Hair ($3.04M), and Knit Sweaters ($2.58M). During the last 26 years the exports of Mongolia to United Kingdom have increased at an annualized rate of 5.8%, from $3.05M in 1995 to $13.2M in 2021.

Market Competitiveness

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Color

United Kingdom
Top Destination
: United States, $56.1B

Mongolia
Top Destination
: China, $7.64B

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

In 2021, countries that imported more from United Kingdom than Mongolia were United States ($56.1B), Germany ($39.5B), and Netherlands ($34.6B).

In 2019, no countries were registered that imported more from Mongolia than from United Kingdom.

Comparative Advantage United Kingdom - Mongolia

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Flow
Scale

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

During 2021, United Kingdom had a large net trade with Mongolia in the exports of Transportation ($12.1M), Machines ($7.98M), and Metals ($7.12M).

During 2021, Mongolia had a large net trade with United Kingdom in the exports of Textiles ($12.5M), Miscellaneous ($261k), and Machines ($243k).

Economic Complexity

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Competitive Landscape

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