Mongolia (MNG) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Mongolia-Bolivia Trade: In 2023, Mongolia exported $159 to Bolivia. The main products that Mongolia exported to Bolivia were Non-Knit Men's Undergarments ($127), Other Rubber Products ($21), and Musical Instrument Parts ($11). Over the past 5 years the exports of Mongolia to Bolivia have decreased at an annualized rate of 39.5%, from $1.96k in 2018 to $159 in 2023.

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

Bolivia-Mongolia Trade: In 2023, Bolivia exported $1.36k to Mongolia. The main products that Bolivia exported to Mongolia were N/A. Over the past 5 years the exports of Bolivia to Mongolia have decreased at an annualized rate of 8.23%, from $5.86k in 2018 to $1.36k in 2023.

In 2023, Bolivia 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, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $159 to Bolivia. The main products exported from Mongolia to Bolivia were Non-Knit Men's Undergarments ($127), Other Rubber Products ($21), and Musical Instrument Parts ($11). During the last 5 years the exports of Mongolia to Bolivia have decreased at an annualized rate of 39.5%, from $1.96k in 2018 to $159 in 2023.

In 2017, Bolivia exported $1.36k to Mongolia. There were not main exports from Bolivia to Mongolia in 2017. During the last 5 years the exports of Bolivia to Mongolia have decreased at an annualized rate of 8.23%, from $5.86k in 2022 to $1.36k in 2017.

Exports from Mongolia () to Bolivia () (2023)

Exports from Bolivia () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Bolivia ()

Bolivia Exports

Date

Dec 2012

Apr 2011

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Mongolia than Bolivia included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

In 2023, countries that imported more from Bolivia than Mongolia included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

Difference in imports from Bolivia () and Mongolia () (2023)

Comparative Advantage Mongolia - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Bolivia in the exports of Textiles ($127), Plastics and Rubbers ($21), and Instruments ($11).

During 2017, Bolivia had a large net trade with Mongolia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Bolivia+$1.83kCoal Briquettes

Top Product Potential Bolivia Mongolia+$2.43kPetroleum Gas

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 Bolivia. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Bolivia () (2023)

Exports from Bolivia () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Bolivia ()

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Mongolia () (2023)

Comparative Advantage Mongolia - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Bolivia () (2023)

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