Mongolia / Azerbaijan

Mongolia-Azerbaijan Trade: In 2023, Mongolia exported $244k to Azerbaijan. The main products that Mongolia exported to Azerbaijan were Sheep and Goat Meat ($158k), Bovine, Sheep, and Goat Fat ($80k), and Knit Sweaters ($4.76k). Over the past 5 years the exports of Mongolia to Azerbaijan have increased at an annualized rate of 12.5%, from $136k in 2018 to $244k in 2023.

In 2023, Mongolia did not export any services to Azerbaijan.

Azerbaijan-Mongolia Trade: In 2023, Azerbaijan exported $232k to Mongolia. The main products that Azerbaijan exported to Mongolia were Baked Goods ($204k), Apples and Pears ($27.1k), and Refined Petroleum ($406). Over the past 5 years the exports of Azerbaijan to Mongolia have increased at an annualized rate of 15.1%,  from $114k in 2018 to $232k in 2023.

In 2023, Azerbaijan did not export any services to Mongolia.

Comparison: In 2023,  Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).