2023
Flag  
GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 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 
$8,284CURRENT US$
Rnk 94 / 195
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 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

Georgia-Mongolia Trade: In 2023, Georgia exported $1.87M to Mongolia. The main products that Georgia exported to Mongolia were Wine ($753k), Tea ($457k), and Packaged Medicaments ($239k). Over the past 5 years the exports of Georgia to Mongolia have decreased at an annualized rate of 2.65%, from $2.14M in 2018 to $1.87M in 2023.

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

Mongolia-Georgia Trade: In 2023, Mongolia exported $33 to Georgia. The main products that Mongolia exported to Georgia were Plastic Housewares ($18) and Iron Housewares ($15). Over the past 5 years the exports of Mongolia to Georgia have decreased at an annualized rate of 66.8%,  from $8.17k in 2018 to $33 in 2023.

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

Comparison: In 2023,  Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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, Georgia exported $1.87M to Mongolia. The main products exported from Georgia to Mongolia were Wine ($753k), Tea ($457k), and Packaged Medicaments ($239k). During the last 5 years the exports of Georgia to Mongolia have decreased at an annualized rate of 2.65%, from $2.14M in 2018 to $1.87M in 2023.

In 2018, Mongolia exported $33 to Georgia. The main products exported from Mongolia to Georgia were Plastic Housewares ($18) and Iron Housewares ($15). During the last 5 years the exports of Mongolia to Georgia have decreased at an annualized rate of 66.8%, from $8.17k in 2023 to $33 in 2018.

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

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

Latest Data

Trade between Georgia (Flag) and Mongolia (Flag)

Georgia Exports

Mongolia Exports

Date

Market Competitiveness

Color
Georgia
Top Destination
Azerbaijan$828M
Mongolia
Top Destination
China$13.1B

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

In 2023, countries that imported more from Georgia than Mongolia included Azerbaijan ($828M), Turkey ($733M), and Armenia ($712M).

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

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

Comparative Advantage Georgia - Mongolia

Flow
Scale

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

During 2023, Georgia had a large net trade with Mongolia in the exports of Foodstuffs ($1.05M), Vegetable Products ($466k), and Chemical Products ($239k).

During 2018, Mongolia had a large net trade with Georgia in the exports of Plastics and Rubbers ($18) and Metals ($15).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Mongolia+$54kPackaged Medicaments
Top Product Potential Mongolia Georgia+$3.2kCopper Ore

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

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

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