Mongolia (MNG) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Mongolia-Canada Trade: In 2022, Mongolia exported $2.27M to Canada. The main products that Mongolia exported to Canada were Prefabricated Buildings ($462k), Spark-Ignition Engines ($325k), and Utility Meters ($268k). Over the past 5 years the exports of Mongolia to Canada have decreased at an annualized rate of 3.45%, from $2.71M in 2017 to $2.27M in 2022.

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

Canada-Mongolia Trade: In 2022, Canada exported $18.3M to Mongolia. The main products that Canada exported to Mongolia were Excavation Machinery ($2.59M), Other Organo-Inorganic Compounds ($2.32M), and Cars ($2.27M). Over the past 5 years the exports of Canada to Mongolia have decreased at an annualized rate of 12.3%, from $35.3M in 2017 to $18.3M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $2.27M to Canada. The main products exported from Mongolia to Canada were Prefabricated Buildings ($462k), Spark-Ignition Engines ($325k), and Utility Meters ($268k). During the last 5 years the exports of Mongolia to Canada have decreased at an annualized rate of 3.45%, from $2.71M in 2017 to $2.27M in 2022.

In 2017, Canada exported $18.3M to Mongolia. The main products exported from Canada to Mongolia were Excavation Machinery ($2.59M), Other Organo-Inorganic Compounds ($2.32M), and Cars ($2.27M). During the last 5 years the exports of Canada to Mongolia have decreased at an annualized rate of 12.3%, from $35.3M in 2022 to $18.3M in 2017.

Exports from Mongolia () to Canada () (2022)

Exports from Canada () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Canada ()

Mongolia Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationN/AN/A

Canada
Top DestinationN/AN/A

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

N/A

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

Comparative Advantage Mongolia - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Canada in the exports of Textiles ($498k), Machines ($495k), and Miscellaneous ($470k).

During 2017, Canada had a large net trade with Mongolia in the exports of Machines ($7.86M), Chemical Products ($4.77M), and Transportation ($2.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Canada+$415kKnit Sweaters

Top Product Potential Canada Mongolia+$4.26MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Canada () (2022)

Exports from Canada () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Canada ()

Mongolia Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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