Mongolia (MNG) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Mongolia-Angola Trade: In 2022, Mongolia exported $693 to Angola. The main products that Mongolia exported to Angola were Used Rubber Tires ($531), House Linens ($154), and Iron Fasteners ($8). Over the past 9 years the exports of Mongolia to Angola have decreased at an annualized rate of 45.9%, from $176k in 2013 to $693 in 2022.

In 2022, Mongolia did not export any services to Angola.

Angola-Mongolia In N/A, Angola did not export any products to Mongolia.

In 2022, Angola did not export any services to Mongolia.

Comparison: In 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $693 to Angola. The main products exported from Mongolia to Angola were Used Rubber Tires ($531), House Linens ($154), and Iron Fasteners ($8). During the last 9 years the exports of Mongolia to Angola have decreased at an annualized rate of 45.9%, from $176k in 2013 to $693 in 2022.

Angola does not register exports to Mongolia. The main products exported from Angola to Mongolia were Non-Retail Animal Hair Yarn ($7.62k).

Exports from Mongolia () to Angola () (2022)

Exports from Angola () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Angola
Top DestinationChina$21.8B

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

In 2022, countries that imported more from Mongolia than Angola included Switzerland ($1.98B), South Korea ($259M), and Russia ($112M).

In 2022, countries that imported more from Angola than Mongolia included China ($21.8B), India ($4.81B), and Netherlands ($3.91B).

Difference in imports from Angola () and Mongolia () (2022)

Comparative Advantage Mongolia - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Angola in the exports of Plastics and Rubbers ($531), Textiles ($154), and Metals ($8).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Angola+$1.39kCars

Top Product Potential Angola Mongolia+$3.43kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Angola () (2022)

Exports from Angola () to Mongolia () (2022)

Market Competitiveness

Difference in imports from Angola () and Mongolia () (2022)

Comparative Advantage Mongolia - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Angola () (2022)

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