India (IND) and Mongolia (MNG) Trade | OEC - The Observatory of Economic Complexity

About

India-Mongolia In 2021, India exported $52M to Mongolia. The main products that India exported to Mongolia are Packaged Medicaments ($14M), Raw Sugar ($7.26M), and Broadcasting Equipment ($4.17M). During the last 26 years the exports of India to Mongolia have increased at an annualized rate of 13.3%, from $2.03M in 1995 to $52M in 2021.

In 2021, India did not export any services to Mongolia.

Mongolia-India In 2021, Mongolia exported $789k to India. The main products that Mongolia exported to India were Halogenated Hydrocarbons ($341k), Animal Hair ($171k), and Prepared Wool or Animal Hair ($168k). During the last 26 years the exports of Mongolia to India have increased at an annualized rate of 7.2%, from $129k in 1995 to $789k in 2021.

In 2021, Mongolia did not export any services to India.

Comparison In 2021, India ranked 41 in the Economic Complexity Index (ECI 0.61), and 14 in total exports ($403B). 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, India exported $52M to Mongolia. The main products exported from India to Mongolia were Packaged Medicaments ($14M), Raw Sugar ($7.26M), and Broadcasting Equipment ($4.17M). During the last 26 years the exports of India to Mongolia have increased at an annualized rate of 13.3%, from $2.03M in 1995 to $52M in 2021.

In 2021, Mongolia exported $789k to India. The main products exported from Mongolia to India were Halogenated Hydrocarbons ($341k), Animal Hair ($171k), and Prepared Wool or Animal Hair ($168k). During the last 26 years the exports of Mongolia to India have increased at an annualized rate of 7.2%, from $129k in 1995 to $789k in 2021.

Latest Data

India Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

SectionYear

India
Top Destination: United States, $71.2B

Mongolia
Top Destination: China, $7.64B

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 2021, countries that imported more from India than Mongolia were United States ($71.2B), United Arab Emirates ($25.4B), and China ($23.1B).

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

Comparative Advantage India - Mongolia

Flow

Scale

Year

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

During 2021, India had a large net trade with Mongolia in the exports of Chemical Products ($18M), Machines ($11.4M), and Foodstuffs ($9.19M).

During 2021, Mongolia had a large net trade with India in the exports of Chemical Products ($343k), Textiles ($339k), and Animal Hides ($63.4k).

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

About

Historical Data

Bilateral Trade by Products

Latest Data

India Exports

Mongolia Exports

Market Competitiveness

Comparative Advantage India - Mongolia

Economic Complexity

Competitive Landscape

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