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2023
Flag → Flag
Exports $7.09kRnk 75 / 101
2023
Flag → Flag
Top Product $4.79kKnit Sweaters
2023
Flag → Flag
Exports $999kRnk 111 / 196
2023
Flag → Flag
Top Product $940kPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC $5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC$36,551CURRENT US$
Rnk 35 / 196
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Mongolia-Cyprus Trade: In 2023, Mongolia exported $7.09k to Cyprus. The main products that Mongolia exported to Cyprus were Knit Sweaters ($4.79k), Non-Knit Women's Suits ($883), and Knit Women's Suits ($681). Over the past 12 years the exports of Mongolia to Cyprus have decreased at an annualized rate of 3.84%, from $11.4k in 2011 to $7.09k in 2023.

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

Cyprus-Mongolia Trade: In 2023, Cyprus exported $999k to Mongolia. The main products that Cyprus exported to Mongolia were Packaged Medicaments ($940k), Other Processed Fruits and Nuts ($32.6k), and Fruit Juice ($17k). Over the past 12 years the exports of Cyprus to Mongolia have increased at an annualized rate of 15.6%,  from $485k in 2011 to $999k in 2023.

In 2023, Cyprus 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, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $7.09k to Cyprus. The main products exported from Mongolia to Cyprus were Knit Sweaters ($4.79k), Non-Knit Women's Suits ($883), and Knit Women's Suits ($681). During the last 12 years the exports of Mongolia to Cyprus have decreased at an annualized rate of 3.84%, from $11.4k in 2011 to $7.09k in 2023.

In 2018, Cyprus exported $999k to Mongolia. The main products exported from Cyprus to Mongolia were Packaged Medicaments ($940k), Other Processed Fruits and Nuts ($32.6k), and Fruit Juice ($17k). During the last 5 years the exports of Cyprus to Mongolia have increased at an annualized rate of 15.6%, from $485k in 2023 to $999k in 2018.

Exports from Mongolia (Flag) to Cyprus (Flag) (2023)

Exports from Cyprus (Flag) to Mongolia (Flag) (2023)

Latest Data

Trade between Mongolia (Flag) and Cyprus (Flag)

Cyprus Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$13.1B
Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Cyprus than Mongolia included Libya ($775M), Greece ($626M), and Lebanon ($438M).

Difference in imports from Cyprus (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Cyprus

Flow
Scale

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

During 2023, Mongolia had a large net trade with Cyprus in the exports of Textiles ($7.01k) and Paper Goods ($85).

During 2018, Cyprus had a large net trade with Mongolia in the exports of Chemical Products ($940k), Foodstuffs ($55.8k), and Footwear and Headwear ($2.15k).

Economic Complexity

Competitive Landscape

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.

Product Space of Mongolia (Flag) and Cyprus (Flag) (2023)

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