Mongolia (MNG) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Mongolia-Switzerland Trade: In 2023, Mongolia exported $842M to Switzerland. The main products that Mongolia exported to Switzerland were Gold ($835M), Silver ($3.07M), and Knit Sweaters ($1.65M). Over the past 5 years the exports of Mongolia to Switzerland have increased at an annualized rate of 2.97%, from $727M in 2018 to $842M in 2023.

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

Switzerland-Mongolia Trade: In 2023, Switzerland exported $151M to Mongolia. The main products that Switzerland exported to Mongolia were Gold ($127M), Packaged Medicaments ($7.76M), and Base Metal Watches ($4.19M). Over the past 5 years the exports of Switzerland to Mongolia have increased at an annualized rate of 52.8%, from $18.2M in 2018 to $151M in 2023.

In 2023, Switzerland 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, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $842M to Switzerland. The main products exported from Mongolia to Switzerland were Gold ($835M), Silver ($3.07M), and Knit Sweaters ($1.65M). During the last 5 years the exports of Mongolia to Switzerland have increased at an annualized rate of 2.97%, from $727M in 2018 to $842M in 2023.

In 2018, Switzerland exported $151M to Mongolia. The main products exported from Switzerland to Mongolia were Gold ($127M), Packaged Medicaments ($7.76M), and Base Metal Watches ($4.19M). During the last 5 years the exports of Switzerland to Mongolia have increased at an annualized rate of 52.8%, from $18.2M in 2023 to $151M in 2018.

Exports from Mongolia () to Switzerland () (2023)

Exports from Switzerland () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Switzerland ()

Mongolia Exports

Date

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Switzerland
Top DestinationGermany$53.8B

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

In 2023, no countries were registered that imported more from Mongolia than from Switzerland.

In 2023, countries that imported more from Switzerland than Mongolia included Germany ($53.8B), United States ($45.1B), and China ($47.7B).

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

Comparative Advantage Mongolia - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Switzerland in the exports of Precious Metals ($838M), Textiles ($2.42M), and Vegetable Products ($554k).

During 2018, Switzerland had a large net trade with Mongolia in the exports of Precious Metals ($128M), Chemical Products ($11.8M), and Instruments ($6.51M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Switzerland+$491kKnit Sweaters

Top Product Potential Switzerland Mongolia+$4.38MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Switzerland () (2023)

Exports from Switzerland () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Switzerland ()

Mongolia Exports

Switzerland Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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