Flag Italy / Mongolia Flag

2019
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Exports
: $68.2M, Rnk 129 / 224

2019
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Top Product
: $10.7M, Rubberworking Machinery

2019
FlagFlag
Exports
: $74.2M, Rnk 5 / 102

2019
FlagFlag
Top Product
: $44.8M, Animal Hair

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI -1.09, Rnk 125 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $14B, CURRENT US$
Rnk 128 / 187

2009-2019
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GDP GROWTH
: 205%, CURRENT US$
Rnk 3 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
Flag
GDP PC
: $4,340, CURRENT US$
Rnk 114 / 187

2009-2019
Flag
GDP PC GROWTH
: 153%, CURRENT US$
Rnk 5 / 187

Italy-Mongolia In 2019, Italy exported $68.2M to Mongolia. The main products that Italy exported to Mongolia are Rubberworking Machinery ($10.7M), Textile Fiber Machinery ($5.94M), and Leather Footwear ($3.29M). During the last 24 years the exports of Italy to Mongolia have increased at an annualized rate of 8.85%, from $8.91M in 1995 to $68.2M in 2019.

In 2019, Italy did not export any services to Mongolia.

Mongolia-Italy In 2019, Mongolia exported $74.2M to Italy . The main products that Mongolia exported to Italy were Animal Hair ($44.8M), Prepared Wool or Animal Hair ($21.7M), and Animal Organs ($2.77M). During the last 24 years the exports of Mongolia to Italy have increased at an annualized rate of 5.94%, from $18.5M in 1995 to $74.2M in 2019.

In 2019, Mongolia did not export any services to Italy.

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Mongolia ranked 125 in the Economic Complexity Index (ECI -1.09), and 95 in total exports ($8.17B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $68.2M to Mongolia. The main products exported from Italy to Mongolia were Rubberworking Machinery ($10.7M), Textile Fiber Machinery ($5.94M), and Leather Footwear ($3.29M). During the last 24 years the exports of Italy to Mongolia have increased at an annualized rate of 8.85%, from $8.91M in 1995 to $68.2M in 2019.

In 2019, Mongolia exported $74.2M to Italy. The main products exported from Mongolia to Italy were Animal Hair ($44.8M), Prepared Wool or Animal Hair ($21.7M), and Animal Organs ($2.77M). During the last 24 years the exports of Mongolia to Italy have increased at an annualized rate of 5.94%, from $18.5M in 1995 to $74.2M in 2019.

Mongolia Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Mongolia
Top Destination
: China, $6.59B

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 2019, countries that imported more from Italy than Mongolia were Germany ($64.5B), France ($54.9B), and United States ($51.8B).

In 2019, countries that imported more from Mongolia than Italy were North Korea ($3.19M).

Comparative Advantage Italy - Mongolia

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Depth

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

During 2019, Italy had a large net trade with Mongolia in the exports of Machines ($29.5M), Textiles ($8.47M), and Footwear and Headwear ($4.02M).

During 2019, Mongolia had a large net trade with Italy in the exports of Textiles ($68.6M), Animal Products ($2.77M), and Animal Hides ($1.86M).

Tariff Section

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

In 2017, the products from Italy that paid the highest import tariffs to enter Mongolia were Sugar beet (178%) and Whey (173%).

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

*The tariffs present between Italy and Mongolia are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

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