Mongolia / Azerbaijan

Mongolia-Azerbaijan Trade: In 2022, Mongolia exported $237k to Azerbaijan. The main products that Mongolia exported to Azerbaijan were Bovine, Sheep, and Goat Fat ($154k), Other Vegetable Oils ($62.9k), and Sheep and Goat Meat ($5.84k). Over the past 5 years the exports of Mongolia to Azerbaijan have increased at an annualized rate of 23.6%, from $81.9k in 2017 to $237k in 2022.

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

Azerbaijan-Mongolia Trade: In 2022, Azerbaijan exported $423k to Mongolia. The main products that Azerbaijan exported to Mongolia were Baked Goods ($236k), Chocolate ($92.5k), and Flavored Water ($26.8k). Over the past 5 years the exports of Azerbaijan to Mongolia have increased at an annualized rate of 34.2%,  from $97.3k in 2017 to $423k in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).