Flag India / Mongolia Flag

Exports Flag β†’ Flag  (2018): $47.2M, Rnk 145 / 211

Top Product Flag β†’ Flag (2018): $13.6M, Delivery Trucks

Exports Flag β†’ Flag (2018): $1.56M, Rnk 25 / 89

Top Product Flag β†’ Flag (2018): $683k, Prepared Wool or Animal Hair

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

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

GDP Flag (2018): $2.72T, CURRENT US$
Rnk 7 / 196

GDP GROWTH Flag (2008-2018): 127%, CURRENT US$
Rnk 20 / 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): $2,010, CURRENT US$
Rnk 152 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 16 / 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

India-Mongolia: In 2018, India exported $47.2M to Mongolia. The main products that India exported to Mongolia are Delivery Trucks ($13.6M), Packaged Medicaments ($9.09M), and Raw Sugar ($2.02M). During the last 23 years the exports of India to Mongolia have increased at an annualized rate of 14.7%, from $2.03M in 1995 to $47.2M in 2018.

In 2018, India did not exported services to Mongolia.

Mongolia-India: In 2018, Mongolia exported $1.56M to India . The main products that Mongolia exported to India were Prepared Wool or Animal Hair ($683k), Animal Hair ($541k), and Animal or Vegetable Fertilizers ($162k). During the last 23 years the exports of India to Mongolia have increased at an annualized rate of 14.7%, from $2.03M in 1995 to $47.2M in 2018.

In 2018, Mongolia did not exported services to India.

Comparison: In 2018,  India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). 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, India exported $47.2M to Mongolia. The main products exported from India to Mongolia were Delivery Trucks ($13.6M), Packaged Medicaments ($9.09M), and Raw Sugar ($2.02M). During the last 23 years the exports of India to Mongolia have increased at an annualized rate of 14.7%, from $2.03M in 1995 to $47.2M in 2018.

In 2018, Mongolia exported $1.56M to India. The main products exported from Mongolia to India were Prepared Wool or Animal Hair ($683k), Animal Hair ($541k), and Animal or Vegetable Fertilizers ($162k). During the last 23 years the exports of Mongolia to India have increased at an annualized rate of 11.3%, from $133k in 1995 to $1.56M in 2018.

Market Competitiveness

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Measure

India
Top Destination
: United States, $52B

Mongolia
Top Destination
: China, $6.36B

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

In 2018, countries that imported more from India than Mongolia were United States ($52B), United Arab Emirates ($27.1B), and Hong Kong ($12.8B).

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

Comparative Advantage India - Mongolia

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Depth

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

During 2018, India had a large net trade with Mongolia in the exports of Transportation ($15.2M), Chemical Products ($13.1M), and Machines ($9.59M).

During 2018, Mongolia had a large net trade with India in the exports of Textiles ($1.24M), Chemical Products ($162k), and Animal Hides ($62.2k).

Tariff Section

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

In 2018, the products from India that paid the highest import tariffs to enter Mongolia were Food preparations nes (150%) and Grape wines, sparkling (150%).

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

Explore Tariff Data

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

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