Flag Mongolia / Benin Flag

Exports Flag β†’ Flag  (2014): $5.65k, Rnk 78 / 87

Top Product Flag β†’ Flag (2014): $4.27k, Broadcasting Equipment

Exports Flag β†’ Flag (2017): $3.51k, Rnk 61 / 66

Top Product Flag β†’ Flag (2017): $3.51k, Apples and Pears

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

GDP Flag (2018): $13.1B, CURRENT US$
Rnk 133 / 196

GDP GROWTH Flag (2008-2018): 132%, CURRENT US$
Rnk 16 / 196

GDP Flag (2018): $10.4B, CURRENT US$
Rnk 141 / 196

GDP GROWTH Flag (2008-2018): 45.2%, CURRENT US$
Rnk 87 / 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

GDP PC Flag (2018): $902, CURRENT US$
Rnk 173 / 196

GDP PC GROWTH Flag (2008-2018): 9.92%, CURRENT US$
Rnk 123 / 196

Mongolia-Benin: In 2014, Mongolia exported $5.65k to Benin. The main products exported from Mongolia to Benin were Broadcasting Equipment ($4.27k) and Telephones ($1.38k). During the last 16 years the exports of Mongolia to Benin have decreased at an annualized rate of 17.1%, from $113k in 1998 to $5.65k in 2014.

Benin-Mongolia: In 2017, Benin exported $3.51k to Mongolia. The main products exported from Benin to Mongolia were Apples and Pears ($3.51k).

Comparison: In 2018, Mongolia ranked 106 in the Economic Complexity Index (ECI -0.86), and 99 in total exports ($7.71B). That same year, Benin ranked 142 in total exports ($1.27B), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, Mongolia was ranked 120 with a GDP Per Capita of $4,122, and Benin was ranked 173 with a GDP Per Capita of $902.

Bilateral Trade by Products

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Depth
Value

In 2014, Mongolia exported $5.65k to Benin. The main products exported from Mongolia to Benin were Broadcasting Equipment ($4.27k) and Telephones ($1.38k). During the last 16 years the exports of Mongolia to Benin have decreased at an annualized rate of 17.1%, from $113k in 1998 to $5.65k in 2014.

In 2017, Benin exported $3.51k to Mongolia. The main products exported from Benin to Mongolia were Apples and Pears ($3.51k).

Market Competitiveness

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Measure

Mongolia
Top Destination
: China, $6.36B

Benin
Top Destination
: India, $274M

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

In 2018, countries that imported more from Mongolia than Benin were China ($6.36B), Switzerland ($727M), and United Kingdom ($173M).

In 2018, countries that imported more from Benin than Mongolia were India ($274M), Bangladesh ($216M), and United Arab Emirates ($123M).

Comparative Advantage Mongolia - Benin

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Depth

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

During 2014, Mongolia had a large net trade with Benin in the exports of Machines ($5.65k).

During 2017, Benin had a large net trade with Mongolia in the exports of Vegetable Products ($3.51k).

Tariff Section

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In 2018, Mongolia and Benin don't have data regarding the tariffs applied to the products exported, given a no tariff policy, or don't having any tariff history reported whatsoever.

To explore the different product levels and year available with data, visit our Tariff Explorer Section.

Explore Tariff Data

Trade Forecasts

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This section shows a forecast for total trade between Mongolia and Benin. 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 Mongolia has comparative advantage over Benin. Similarly, the more red a dot/product is, the more Benin has comparative advantage over Mongolia.