Hong Kong (HKG) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

About

Hong Kong-Mongolia Trade: In 2022, Hong Kong exported $26.2M to Mongolia. The main products that Hong Kong exported to Mongolia were Flavored Water ($5.18M), Computers ($3.95M), and Hard Liquor ($3.65M). Over the past 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 10.2%, from $16.1M in 2017 to $26.2M in 2022.

In 2022, Hong Kong did not export any services to Mongolia.

Mongolia-Hong Kong Trade: In 2022, Mongolia exported $12.8M to Hong Kong. The main products that Mongolia exported to Hong Kong were Coal Briquettes ($7.84M), Sheep and Goat Meat ($4.06M), and Animal Organs ($271k). Over the past 5 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 0.46%, from $12.5M in 2017 to $12.8M in 2022.

In 2022, Mongolia did not export any services to Hong Kong.

Comparison: In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $26.2M to Mongolia. The main products exported from Hong Kong to Mongolia were Flavored Water ($5.18M), Computers ($3.95M), and Hard Liquor ($3.65M). During the last 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 10.2%, from $16.1M in 2017 to $26.2M in 2022.

In 2017, Mongolia exported $12.8M to Hong Kong. The main products exported from Mongolia to Hong Kong were Coal Briquettes ($7.84M), Sheep and Goat Meat ($4.06M), and Animal Organs ($271k). During the last 5 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 0.46%, from $12.5M in 2022 to $12.8M in 2017.

Exports from Hong Kong () to Mongolia () (2022)

Exports from Mongolia () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Mongolia ()

Hong Kong Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Hong Kong than Mongolia included India ($14.3B), China ($23.4B), and Netherlands ($6.56B).

In 2022, no countries were registered that imported more from Mongolia than from Hong Kong.

Difference in imports from Mongolia () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Mongolia in the exports of Machines ($13M), Foodstuffs ($9.28M), and Chemical Products ($1.21M).

During 2017, Mongolia had a large net trade with Hong Kong in the exports of Mineral Products ($7.84M), Animal Products ($4.55M), and Textiles ($129k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Mongolia+$1.89MComputers

Top Product Potential Mongolia Hong Kong+$12.4MCoal Briquettes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Mongolia () (2022)

Exports from Mongolia () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Mongolia ()

Hong Kong Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Mongolia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Mongolia () (2022)

Keep Exploring