Indonesia (IDN) and Mongolia (MNG) Trade

About

Indonesia-Mongolia: In 2018, Indonesia exported $16.5M to Mongolia. The main products that Indonesia exported to Mongolia are Packaged Medicaments ($3.23M), Soap ($2.77M), and Video Displays ($1.06M). During the last 22 years the exports of Indonesia to Mongolia have increased at an annualized rate of 39.1%, from $11.6k in 1996 to $16.5M in 2018.

In 2018, Indonesia did not exported services to Mongolia.

Mongolia-Indonesia: In 2018, Mongolia exported $6.75M to Indonesia . The main products that Mongolia exported to Indonesia were Tug Boats ($4.4M), Feldspar ($1.65M), and Starch Residue ($496k). During the last 22 years the exports of Mongolia to Indonesia have increased at an annualized rate of 21.8%, from $88.4k in 1996 to $6.75M in 2018.

In 2018, Mongolia did not exported services to Indonesia.

Comparison: In 2018, Indonesia ranked 75 in the Economic Complexity Index (ECI -0.15), and 28 in total exports ($197B). That same year, Mongolia ranked 106 in the Economic Complexity Index (ECI -0.86), and 99 in total exports ($7.71B).

Product Trade

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Bilateral Trade by Products

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Depth

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Year

In 2018, Indonesia exported $16.5M to Mongolia. The main products exported from Indonesia to Mongolia were Packaged Medicaments ($3.23M), Soap ($2.77M), and Video Displays ($1.06M). During the last 22 years the exports of Indonesia to Mongolia have increased at an annualized rate of 39.1%, from $11.6k in 1996 to $16.5M in 2018.

In 2018, Mongolia exported $6.75M to Indonesia. The main products exported from Mongolia to Indonesia were Tug Boats ($4.4M), Feldspar ($1.65M), and Starch Residue ($496k). During the last 21 years the exports of Mongolia to Indonesia have increased at an annualized rate of 21.8%, from $88.4k in 1997 to $6.75M in 2018.

Latest Data

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Market Competitiveness

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Measure

SectionYear

Indonesia
Top Destination: China, $28.1B

Mongolia
Top Destination: China, $6.36B

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

In 2018, countries that imported more from Indonesia than Mongolia were China ($28.1B), Japan ($20.4B), and United States ($19.7B).

In 2018, countries that imported more from Mongolia than Indonesia were North Korea ($1.05M).

Comparative Advantage Indonesia - Mongolia

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Depth

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

During 2018, Indonesia had a large net trade with Mongolia in the exports of Chemical Products ($6.65M), Machines ($3.89M), and Foodstuffs ($1.54M).

During 2018, Mongolia had a large net trade with Indonesia in the exports of Transportation ($4.41M), Mineral Products ($1.65M), and Foodstuffs ($496k).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Indonesia and Mongolia (using the HS6 product classification and the last year reported).

In 2018, the products from Indonesia that paid the highest import tariffs to enter Mongolia were Spirits obtained by distilling grape wine, grape marc (150%) and Whiskies (150%).

In 2018, the products from Mongolia that paid the highest import tariffs to enter Indonesia were Vodka (40%) and Liqueurs and cordials (40%).

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*The tariffs present between Indonesia and Mongolia are:
136: Most Favoured Nation duty rate treatement

Forecasts

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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.

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Economic Complexity

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Competitive Landscape

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Year

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 Indonesia has comparative advantage over Mongolia. Similarly, the more red a dot/product is, the more Mongolia has comparative advantage over Indonesia.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Indonesia - Mongolia

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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