Kuwait (KWT) and Mongolia (MNG) Trade | OEC - The Observatory of Economic Complexity

About

Kuwait-Mongolia In 2021, Kuwait exported $332 to Mongolia. The main products that Kuwait exported to Mongolia are Used Clothing ($332). During the last 24 years the exports of Kuwait to Mongolia have decreased at an annualized rate of 15.2%, from $17.6k in 1997 to $332 in 2021.

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

Mongolia-Kuwait In 2021, Mongolia exported $39.9k to Kuwait. The main products that Mongolia exported to Kuwait were Knit Sweaters ($11.6k), Other Knit Garments ($7.92k), and Knit Women's Suits ($6.8k). During the last 24 years the exports of Mongolia to Kuwait have decreased at an annualized rate of 1.43%, from $56.3k in 1997 to $39.9k in 2021.

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

Comparison In 2021, Kuwait ranked 48 in the Economic Complexity Index (ECI 0.34), and 51 in total exports ($58.2B). 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, Kuwait exported $332 to Mongolia. The main products exported from Kuwait to Mongolia were Used Clothing ($332). During the last 24 years the exports of Kuwait to Mongolia have decreased at an annualized rate of 15.2%, from $17.6k in 1997 to $332 in 2021.

In 2021, Mongolia exported $39.9k to Kuwait. The main products exported from Mongolia to Kuwait were Knit Sweaters ($11.6k), Other Knit Garments ($7.92k), and Knit Women's Suits ($6.8k). During the last 24 years the exports of Mongolia to Kuwait have decreased at an annualized rate of 1.43%, from $56.3k in 1997 to $39.9k in 2021.

Latest Data

Kuwait Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

SectionYear

Kuwait
Top Destination: China, $16B

Mongolia
Top Destination: China, $7.64B

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

In 2021, countries that imported more from Kuwait than Mongolia were India ($8.72B), China ($16B), and South Korea ($7.23B).

In 2021, countries that imported more from Mongolia than Kuwait were Switzerland ($1.97B), Russia ($114M), and Italy ($59.2M).

Comparative Advantage Kuwait - Mongolia

Flow

Scale

Year

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

During 2021, Kuwait had a large net trade with Mongolia in the exports of Textiles ($332).

During 2021, Mongolia had a large net trade with Kuwait in the exports of Textiles ($38.1k), Foodstuffs ($1.54k), and Animal Products ($250).

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Kuwait Exports

Mongolia Exports

Market Competitiveness

Comparative Advantage Kuwait - Mongolia

Economic Complexity

Competitive Landscape

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