GDP$16.8BCURRENT US$Rnk 126 / 186 GDP GROWTH36.8%CURRENT US$Rnk 90 / 186
GDP$21.2BCURRENT US$Rnk 112 / 186 GDP GROWTH178%CURRENT US$Rnk 4 / 186 GDP PC $4,947CURRENT US$Rnk 112 / 186GDP PC GROWTH12.4%CURRENT US$Rnk 107 / 186GDP PC$1,532CURRENT US$Rnk 157 / 186GDP PC GROWTH116%CURRENT US$Rnk 6 / 186In N/A, Mongolia did not export any services to Guinea.
Guinea-Mongolia In N/A, Guinea did not export any products to Mongolia.
In N/A, Guinea 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, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).
This map shows whether countries import more from Mongolia or Guinea. Each country is colored based on the difference in imports they receive from Mongolia and Guinea or the difference in the growth in imports.
In 2022, countries that imported more from Mongolia than Guinea included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).
In 2022, countries that imported more from Guinea than Mongolia included India ($2.77B), United Arab Emirates ($2.59B), and Spain ($211M).
) and Mongolia () (2022)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.
This visualization shows the product space at the HS4 level with the flags of Mongolia and Guinea. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Mongolia.
) and Guinea () (2018)
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