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2022
Flag → Flag
Exports $289kRnk 50 / 113
2022
Flag → Flag
Top Product $191kGas Turbines
2022
Flag → Flag
Exports $10MRnk 137 / 218
2022
Flag → Flag
Top Product $1.98MCheese
2022
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Economic Complexity (ECI) ECI -1.14Rnk 110 / 124
2022
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Economic Complexity (ECI) ECI 1.01Rnk 23 / 124
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
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GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
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 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
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GDP PC $4,947CURRENT US$
Rnk 112 / 186
2012-2022
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GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
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GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Mongolia-Denmark In 2022, Mongolia exported $289k to Denmark. The main products that Mongolia exported to Denmark are Gas Turbines ($191k), Aircraft Parts ($19.9k), and Knit Sweaters ($19.9k). During the last 27 years the exports of Mongolia to Denmark have increased at an annualized rate of 4.51%, from $87.9k in 1995 to $289k in 2022.

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

Denmark-Mongolia In 2022, Denmark exported $10M to Mongolia. The main products that Denmark exported to Mongolia were Cheese ($1.98M), Packaged Medicaments ($826k), and Liquid Pumps ($693k). During the last 27 years the exports of Denmark to Mongolia have increased at an annualized rate of 9.46%, from $873k in 1995 to $10M in 2022.

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

Comparison In 2022,  Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $289k to Denmark. The main products exported from Mongolia to Denmark were Gas Turbines ($191k), Aircraft Parts ($19.9k), and Knit Sweaters ($19.9k). During the last 27 years the exports of Mongolia to Denmark have increased at an annualized rate of 4.51%, from $87.9k in 1995 to $289k in 2022.

In 2022, Denmark exported $10M to Mongolia. The main products exported from Denmark to Mongolia were Cheese ($1.98M), Packaged Medicaments ($826k), and Liquid Pumps ($693k). During the last 27 years the exports of Denmark to Mongolia have increased at an annualized rate of 9.46%, from $873k in 1995 to $10M in 2022.

Exports from Mongolia (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Mongolia (Flag) (2022)

Latest Data

Trade between Mongolia (Flag) and Denmark (Flag)

Mongolia Exports

Denmark Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
Denmark
Top DestinationGermany$18.9B

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

In 2021, countries that imported more from Mongolia than Denmark were China ($10.6B) and Switzerland ($1.98B).

In 2021, countries that imported more from Denmark than Mongolia were Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

Difference in imports from Denmark (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Denmark

Flow
Scale

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

During 2022, Mongolia had a large net trade with Denmark in the exports of Machines ($201k), Textiles ($46.5k), and Transportation ($19.9k).

During 2022, Denmark had a large net trade with Mongolia in the exports of Machines ($2.37M), Animal Products ($2.23M), and Chemical Products ($1.95M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Mongolia has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Mongolia.

Product Space of Mongolia (Flag) and Denmark (Flag) (2022)

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