Mongolia (MNG) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Mongolia-Georgia Trade: In 2019, Mongolia exported $217 to Georgia. The main products that Mongolia exported to Georgia were N/A. Over the past 12 years the exports of Mongolia to Georgia have decreased at an annualized rate of 31.3%, from $19.7k in 2007 to $217 in 2019.

In 2019, Mongolia did not export any services to Georgia.

Georgia-Mongolia Trade: In 2019, Georgia exported $2.63M to Mongolia. The main products that Georgia exported to Mongolia were Wine ($1.59M), Tea ($501k), and Packaged Medicaments ($88.9k). Over the past 12 years the exports of Georgia to Mongolia have increased at an annualized rate of 17.4%, from $1.18M in 2007 to $2.63M in 2019.

In 2019, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Mongolia exported $217 to Georgia. There were not main exports from Mongolia to Georgia in 2019. During the last 12 years the exports of Mongolia to Georgia have decreased at an annualized rate of 31.3%, from $19.7k in 2007 to $217 in 2019.

In 2017, Georgia exported $2.63M to Mongolia. The main products exported from Georgia to Mongolia were Wine ($1.59M), Tea ($501k), and Packaged Medicaments ($88.9k). During the last 5 years the exports of Georgia to Mongolia have increased at an annualized rate of 17.4%, from $1.18M in 2022 to $2.63M in 2017.

Exports from Mongolia () to Georgia () (2022)

Exports from Georgia () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Georgia ()

Mongolia Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Mongolia included Azerbaijan ($668M), Armenia ($571M), and Russia ($642M).

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

Comparative Advantage Mongolia - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Mongolia had a large net trade with Georgia in the exports of .

During 2017, Georgia had a large net trade with Mongolia in the exports of Foodstuffs ($1.89M), Vegetable Products ($512k), and Chemical Products ($101k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Georgia+$3.2kCopper Ore

Top Product Potential Georgia Mongolia+$54kPackaged Medicaments

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.

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Georgia () (2022)

Exports from Georgia () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Georgia ()

Mongolia Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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