Flag Japan / Mongolia Flag

Exports FlagFlag  (2018): $540M, Rnk 57 / 207

Top Product FlagFlag (2018): $339M, Cars

Exports FlagFlag (2018): $28.2M, Rnk 8 / 89

Top Product FlagFlag (2018): $6.95M, Copper Ore

Economic Complexity of Flag (2018): ECI 2.17, Rnk 1 / 137

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

GDP Flag (2018): $4.97T, CURRENT US$
Rnk 3 / 196

GDP GROWTH Flag (2008-2018): -1.32%, CURRENT US$
Rnk 169 / 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): $39,290, CURRENT US$
Rnk 27 / 196

GDP PC GROWTH Flag (2008-2018): -0.13%, CURRENT US$
Rnk 146 / 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

Japan-Mongolia: In 2018, Japan exported $540M to Mongolia. The main products exported from Japan to Mongolia were Cars ($339M), Delivery Trucks ($33.4M), and Large Construction Vehicles ($20.4M). During the last 23 years the exports of Japan to Mongolia have increased at an annualized rate of 11.8%, from $41.8M in 1995 to $540M in 2018.

Mongolia-Japan: In 2018, Mongolia exported $28.2M to Japan. The main products exported from Mongolia to Japan were Copper Ore ($6.95M), Knit Sweaters ($3.26M), and Other Aluminium Products ($3.13M). During the last 23 years the exports of Mongolia to Japan have decreased at an annualized rate of 4.82%, from $87.7M in 1995 to $28.2M in 2018.

Comparison: In 2018, Japan ranked 1 in the Economic Complexity Index (ECI 2.17), and 4 in total exports ($713B). That same year, Mongolia ranked 106 in the Economic Complexity Index (ECI -0.86), and 99 in total exports ($7.71B). In terms of GDP Per Capita, Japan was ranked 27 with a GDP Per Capita of $39,290, and Mongolia was ranked 120 with a GDP Per Capita of $4,122.

Bilateral Trade by Products

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Depth
Value

In 2018, Japan exported $540M to Mongolia. The main products exported from Japan to Mongolia were Cars ($339M), Delivery Trucks ($33.4M), and Large Construction Vehicles ($20.4M). During the last 23 years the exports of Japan to Mongolia have increased at an annualized rate of 11.8%, from $41.8M in 1995 to $540M in 2018.

In 2018, Mongolia exported $28.2M to Japan. The main products exported from Mongolia to Japan were Copper Ore ($6.95M), Knit Sweaters ($3.26M), and Other Aluminium Products ($3.13M). During the last 23 years the exports of Mongolia to Japan have decreased at an annualized rate of 4.82%, from $87.7M in 1995 to $28.2M in 2018.

Market Competitiveness

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Measure

Japan
Top Destination
: China, $139B

Mongolia
Top Destination
: China, $6.36B

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

In 2018, countries that imported more from Japan than Mongolia were United States ($135B), China ($139B), and South Korea ($51.5B).

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

Comparative Advantage Japan - Mongolia

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Depth

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

During 2018, Japan had a large net trade with Mongolia in the exports of Transportation ($402M), Machines ($60.1M), and Plastics and Rubbers ($29M).

During 2018, Mongolia had a large net trade with Japan in the exports of Textiles ($10.7M), Mineral Products ($7.46M), and Metals ($3.61M).

Tariff Section

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

In 2018, the products from Japan that paid the highest import tariffs to enter Mongolia were Glucose including syrup of 20%-50% dry weight fructos (43.3%) and Fructose, syrup > 50% fructose, not pure fructose (43.3%).

In 2018, the products from Mongolia that paid the highest import tariffs to enter Japan were Vodka (40%) and Tobacco, unmanufactured, not stemmed or stripped (30%).

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*The tariffs present between Japan and Mongolia are:
130: Japan Generalized System of Preference
136: Most Favoured Nation duty rate treatement
271: Preferential tariff for Mongolia

Trade Forecasts

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This section shows a forecast for total trade between Japan and Mongolia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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