Flag Hong Kong / Mongolia Flag

Exports Flag β†’ Flag  (2018): $23.2M, Rnk 112 / 192

Top Product Flag β†’ Flag (2018): $10.1M, Flavored Water

Exports Flag β†’ Flag (2018): $12.1M, Rnk 12 / 89

Top Product Flag β†’ Flag (2018): $8.84M, Coal Briquettes

Economic Complexity of Flag (2018): ECI 0.89, Rnk 32 / 137

Economic Complexity of Flag (2018): ECI -0.86, Rnk 106 / 137

GDP Flag (2018): $363B, CURRENT US$
Rnk 34 / 196

GDP GROWTH Flag (2008-2018): 65.4%, CURRENT US$
Rnk 62 / 196

GDP Flag (2018): $13.1B, CURRENT US$
Rnk 133 / 196

GDP GROWTH Flag (2008-2018): 132%, CURRENT US$
Rnk 16 / 196

GDP PC Flag (2018): $48,676, CURRENT US$
Rnk 17 / 196

GDP PC GROWTH Flag (2008-2018): 54.4%, CURRENT US$
Rnk 40 / 196

GDP PC Flag (2018): $4,122, CURRENT US$
Rnk 120 / 196

GDP PC GROWTH Flag (2008-2018): 92.9%, CURRENT US$
Rnk 18 / 196

Hong Kong-Mongolia: In 2018, Hong Kong exported $23.2M to Mongolia. The main products that Hong Kong exported to Mongolia are Flavored Water ($10.1M), Electrical Control Boards ($3.38M), and Hard Liquor ($1.69M). During the last 23 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 3.79%, from $9.84M in 1995 to $23.2M in 2018.

In 2018, Hong Kong did not exported services to Mongolia.

Mongolia-Hong Kong: In 2018, Mongolia exported $12.1M to Hong Kong . The main products that Mongolia exported to Hong Kong were Coal Briquettes ($8.84M), Sheep and Goat Meat ($1.14M), and Gas Turbines ($442k). During the last 23 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 3.79%, from $9.84M in 1995 to $23.2M in 2018.

In 2018, Mongolia did not exported services to Hong Kong.

Comparison: In 2018,  Hong Kong ranked 32 in the Economic Complexity Index (ECI 0.89), and 34 in total exports ($127B). That same year, Mongolia ranked 106 in the Economic Complexity Index (ECI -0.86), and 99 in total exports ($7.71B).

Bilateral Trade by Products

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Depth
Value

In 2018, Hong Kong exported $23.2M to Mongolia. The main products exported from Hong Kong to Mongolia were Flavored Water ($10.1M), Electrical Control Boards ($3.38M), and Hard Liquor ($1.69M). During the last 23 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 3.79%, from $9.84M in 1995 to $23.2M in 2018.

In 2018, Mongolia exported $12.1M to Hong Kong. The main products exported from Mongolia to Hong Kong were Coal Briquettes ($8.84M), Sheep and Goat Meat ($1.14M), and Gas Turbines ($442k). During the last 23 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 14.1%, from $585k in 1995 to $12.1M in 2018.

Market Competitiveness

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Measure

Hong Kong
Top Destination
: China, $25.3B

Mongolia
Top Destination
: China, $6.36B

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 2018, countries that imported more from Hong Kong than Mongolia were China ($25.3B), India ($16B), and Vietnam ($10.5B).

In 2018, no countries were registered that imported more from Mongolia than from Hong Kong.

Comparative Advantage Hong Kong - Mongolia

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Depth

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

During 2018, Hong Kong had a large net trade with Mongolia in the exports of Foodstuffs ($12.3M), Machines ($7.05M), and Chemical Products ($811k).

During 2018, Mongolia had a large net trade with Hong Kong in the exports of Mineral Products ($8.84M), Animal Products ($1.44M), and Textiles ($744k).

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more Hong Kong has comparative advantage over Mongolia. Similarly, the more red a dot/product is, the more Mongolia has comparative advantage over Hong Kong.