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2022
Flag → Flag
Exports $1.24MRnk 33 / 113
2022
Flag → Flag
Top Product $583kPotassic Fertilizers
2022
Flag → Flag
Exports $3.15MRnk 103 / 188
2022
Flag → Flag
Top Product $520kDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
GDP PC $4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Mongolia-Estonia Trade: In 2022, Mongolia exported $1.24M to Estonia. The main products that Mongolia exported to Estonia were Potassic Fertilizers ($583k), Rapeseed ($245k), and Nitrogenous Fertilizers ($222k). Over the past 5 years the exports of Mongolia to Estonia have increased at an annualized rate of 364%, from $576 in 2017 to $1.24M in 2022.

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

Estonia-Mongolia Trade: In 2022, Estonia exported $3.15M to Mongolia. The main products that Estonia exported to Mongolia were Delivery Trucks ($520k), Telephones ($494k), and Glaziers Putty ($245k). Over the past 5 years the exports of Estonia to Mongolia have increased at an annualized rate of 2.27%,  from $2.82M in 2017 to $3.15M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $1.24M to Estonia. The main products exported from Mongolia to Estonia were Potassic Fertilizers ($583k), Rapeseed ($245k), and Nitrogenous Fertilizers ($222k). During the last 5 years the exports of Mongolia to Estonia have increased at an annualized rate of 364%, from $576 in 2017 to $1.24M in 2022.

In 2017, Estonia exported $3.15M to Mongolia. The main products exported from Estonia to Mongolia were Delivery Trucks ($520k), Telephones ($494k), and Glaziers Putty ($245k). During the last 5 years the exports of Estonia to Mongolia have increased at an annualized rate of 2.27%, from $2.82M in 2022 to $3.15M in 2017.

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

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

Latest Data

Trade between Mongolia (Flag) and Estonia (Flag)

Mongolia Exports

Estonia Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Mongolia included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Mongolia - Estonia

Flow
Scale

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

During 2022, Mongolia had a large net trade with Estonia in the exports of Chemical Products ($805k), Vegetable Products ($433k), and Machines ($5.15k).

During 2017, Estonia had a large net trade with Mongolia in the exports of Machines ($1.51M), Transportation ($658k), and Chemical Products ($311k).

Economic Complexity

Competitive Landscape

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

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

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