Mongolia (MNG) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

About

Mongolia-Costa Rica Trade: In 2022, Mongolia exported $8.53k to Costa Rica. The main products that Mongolia exported to Costa Rica were Vacuum Cleaners ($5.46k), Other Furniture ($1.61k), and Metal Mountings ($806). Over the past 9 years the exports of Mongolia to Costa Rica have decreased at an annualized rate of 8.29%, from $18.6k in 2013 to $8.53k in 2022.

In 2022, Mongolia did not export any services to Costa Rica.

Costa Rica-Mongolia Trade: In 2022, Costa Rica exported $671k to Mongolia. The main products that Costa Rica exported to Mongolia were Orthopedic Appliances ($273k), Medical Instruments ($111k), and Other Processed Fruits and Nuts ($82.3k). Over the past 9 years the exports of Costa Rica to Mongolia have increased at an annualized rate of 42.4%, from $115k in 2013 to $671k in 2022.

In 2022, Costa Rica 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, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $8.53k to Costa Rica. The main products exported from Mongolia to Costa Rica were Vacuum Cleaners ($5.46k), Other Furniture ($1.61k), and Metal Mountings ($806). During the last 9 years the exports of Mongolia to Costa Rica have decreased at an annualized rate of 8.29%, from $18.6k in 2013 to $8.53k in 2022.

In 2017, Costa Rica exported $671k to Mongolia. The main products exported from Costa Rica to Mongolia were Orthopedic Appliances ($273k), Medical Instruments ($111k), and Other Processed Fruits and Nuts ($82.3k). During the last 5 years the exports of Costa Rica to Mongolia have increased at an annualized rate of 42.4%, from $115k in 2022 to $671k in 2017.

Exports from Mongolia () to Costa Rica () (2022)

Exports from Costa Rica () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Mongolia than Costa Rica included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2022, countries that imported more from Costa Rica than Mongolia included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

Difference in imports from Costa Rica () and Mongolia () (2022)

Comparative Advantage Mongolia - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Costa Rica in the exports of Machines ($6k), Miscellaneous ($1.61k), and Metals ($858).

During 2017, Costa Rica had a large net trade with Mongolia in the exports of Instruments ($393k), Foodstuffs ($118k), and Vegetable Products ($98.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Costa Rica+$2.64kOther Furniture

Top Product Potential Costa Rica Mongolia+$326kMedical Instruments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Mongolia and Costa Rica. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Costa Rica () (2022)

Exports from Costa Rica () to Mongolia () (2022)

Market Competitiveness

Difference in imports from Costa Rica () and Mongolia () (2022)

Comparative Advantage Mongolia - Costa Rica

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Costa Rica () (2022)

Keep Exploring