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2023
Flag → Flag
Exports $84.7MRnk 122 / 219
2023
Flag → Flag
Top Product $9.52MSculptures
2023
Flag → Flag
Exports $87.7MRnk 3 / 101
2023
Flag → Flag
Top Product $67.1MAnimal Hair
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$5,839CURRENT US$
Rnk 116 / 196
2013-2023
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GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Italy-Mongolia Trade: In 2023, Italy exported $84.7M to Mongolia. The main products that Italy exported to Mongolia were Sculptures ($9.52M), Other Furniture ($4.76M), and Leather Footwear ($4.23M). Over the past 5 years the exports of Italy to Mongolia have increased at an annualized rate of 9.06%, from $54.9M in 2018 to $84.7M in 2023.

In 2023, Italy did not export any services to Mongolia.

Mongolia-Italy Trade: In 2023, Mongolia exported $87.7M to Italy. The main products that Mongolia exported to Italy were Animal Hair ($67.1M), Platinum Clad Metals ($9.8M), and Ethylene Polymers ($4.29M). Over the past 5 years the exports of Mongolia to Italy have increased at an annualized rate of 12%,  from $49.7M in 2018 to $87.7M in 2023.

In 2023, Mongolia did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Mongolia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Growth In N/A, the N/A in Italy's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Mongolia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $84.7M to Mongolia. The main products exported from Italy to Mongolia were Sculptures ($9.52M), Other Furniture ($4.76M), and Leather Footwear ($4.23M). During the last 5 years the exports of Italy to Mongolia have increased at an annualized rate of 9.06%, from $54.9M in 2018 to $84.7M in 2023.

In 2018, Mongolia exported $87.7M to Italy. The main products exported from Mongolia to Italy were Animal Hair ($67.1M), Platinum Clad Metals ($9.8M), and Ethylene Polymers ($4.29M). During the last 5 years the exports of Mongolia to Italy have increased at an annualized rate of 12%, from $49.7M in 2023 to $87.7M in 2018.

Exports from Italy (Flag) to Mongolia (Flag) (2023)

Exports from Mongolia (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Italy than Mongolia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Mongolia than from Italy.

Difference in imports from Mongolia (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Mongolia

Flow
Scale

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

During 2023, Italy had a large net trade with Mongolia in the exports of Machines ($18.7M), Textiles ($16.2M), and Arts and Antiques ($9.53M).

During 2018, Mongolia had a large net trade with Italy in the exports of Textiles ($69.9M), Precious Metals ($10M), and Plastics and Rubbers ($4.29M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Mongolia+$1.99MCars
Top Product Potential Mongolia Italy+$1.55MKnit Sweaters

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Mongolia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Mongolia (Flag) (2023)

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