Mongolia (MNG) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Mongolia-Cyprus Trade: In 2022, Mongolia exported $225k to Cyprus. The main products that Mongolia exported to Cyprus were Hard Liquor ($220k), Knit Sweaters ($4.57k), and Blankets ($356). Over the past 12 years the exports of Mongolia to Cyprus have increased at an annualized rate of 88.2%, from $114 in 2010 to $225k in 2022.

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

Cyprus-Mongolia Trade: In 2022, Cyprus exported $684k to Mongolia. The main products that Cyprus exported to Mongolia were Packaged Medicaments ($628k), Other Processed Fruits and Nuts ($41.9k), and Dried Fruits ($7.14k). Over the past 12 years the exports of Cyprus to Mongolia have increased at an annualized rate of 5.8%, from $516k in 2010 to $684k in 2022.

In 2022, Cyprus 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, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $225k to Cyprus. The main products exported from Mongolia to Cyprus were Hard Liquor ($220k), Knit Sweaters ($4.57k), and Blankets ($356). During the last 12 years the exports of Mongolia to Cyprus have increased at an annualized rate of 88.2%, from $114 in 2010 to $225k in 2022.

In 2017, Cyprus exported $684k to Mongolia. The main products exported from Cyprus to Mongolia were Packaged Medicaments ($628k), Other Processed Fruits and Nuts ($41.9k), and Dried Fruits ($7.14k). During the last 5 years the exports of Cyprus to Mongolia have increased at an annualized rate of 5.8%, from $516k in 2022 to $684k in 2017.

Exports from Mongolia () to Cyprus () (2022)

Exports from Cyprus () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Cyprus ()

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Cyprus
Top DestinationHong Kong$482M

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

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

In 2022, countries that imported more from Cyprus than Mongolia included Greece ($471M), Hong Kong ($482M), and Lebanon ($329M).

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

Comparative Advantage Mongolia - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Cyprus in the exports of Foodstuffs ($220k), Textiles ($5.21k), and Footwear and Headwear ($13).

During 2017, Cyprus had a large net trade with Mongolia in the exports of Chemical Products ($628k), Foodstuffs ($43.4k), and Vegetable Products ($7.14k).

Potential Exports

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Cyprus () (2022)

Exports from Cyprus () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Cyprus ()

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Cyprus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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