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

About

Hong Kong-Mongolia In 2021, Hong Kong exported $16.1M to Mongolia. The main products that Hong Kong exported to Mongolia are Flavored Water ($3.1M), Electrical Control Boards ($1.48M), and Broadcasting Equipment ($995k). During the last 26 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 1.91%, from $9.85M in 1995 to $16.1M in 2021.

In 2021, Hong Kong did not export any services to Mongolia.

Mongolia-Hong Kong In 2021, Mongolia exported $5.21M to Hong Kong. The main products that Mongolia exported to Hong Kong were Sheep and Goat Meat ($2.11M), Precious Metal Ore ($1.12M), and Edible Offal ($871k). During the last 26 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 8.77%, from $585k in 1995 to $5.21M in 2021.

In 2021, Mongolia did not export any services to Hong Kong.

Comparison In 2021, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.16), and 36 in total exports ($124B). That same year, Mongolia ranked 117 in the Economic Complexity Index (ECI -1.23), and 95 in total exports ($10.5B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Hong Kong exported $16.1M to Mongolia. The main products exported from Hong Kong to Mongolia were Flavored Water ($3.1M), Electrical Control Boards ($1.48M), and Broadcasting Equipment ($995k). During the last 26 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 1.91%, from $9.85M in 1995 to $16.1M in 2021.

In 2021, Mongolia exported $5.21M to Hong Kong. The main products exported from Mongolia to Hong Kong were Sheep and Goat Meat ($2.11M), Precious Metal Ore ($1.12M), and Edible Offal ($871k). During the last 26 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 8.77%, from $585k in 1995 to $5.21M in 2021.

Latest Data

Hong Kong Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

SectionYear

Hong Kong
Top Destination: China, $30.3B

Mongolia
Top Destination: China, $7.64B

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 2021, countries that imported more from Hong Kong than Mongolia were China ($30.3B), India ($17B), and United Kingdom ($7.18B).

In 2019, no countries were registered that imported more from Mongolia than from Hong Kong.

Comparative Advantage Hong Kong - Mongolia

Flow

Scale

Year

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

During 2021, Hong Kong had a large net trade with Mongolia in the exports of Machines ($7.24M), Foodstuffs ($4.29M), and Instruments ($1.12M).

During 2021, Mongolia had a large net trade with Hong Kong in the exports of Animal Products ($3.57M), Mineral Products ($1.12M), and Textiles ($240k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Hong Kong Exports

Mongolia Exports

Market Competitiveness

Comparative Advantage Hong Kong - Mongolia

Economic Complexity

Competitive Landscape

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