Mongolia (MNG) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Mongolia-Greece Trade: In 2023, Mongolia exported $88.1k to Greece. The main products that Mongolia exported to Greece were Other Oily Seeds ($82.1k), Knit Sweaters ($5.64k), and Other Electrical Machinery ($351). Over the past 5 years the exports of Mongolia to Greece have increased at an annualized rate of 82.9%, from $4.3k in 2018 to $88.1k in 2023.

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

Greece-Mongolia Trade: In 2023, Greece exported $999k to Mongolia. The main products that Greece exported to Mongolia were Wadding ($434k), Refined Petroleum ($147k), and Brochures ($106k). Over the past 5 years the exports of Greece to Mongolia have decreased at an annualized rate of 6.82%, from $2.17M in 2018 to $999k in 2023.

In 2023, Greece 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $88.1k to Greece. The main products exported from Mongolia to Greece were Other Oily Seeds ($82.1k), Knit Sweaters ($5.64k), and Other Electrical Machinery ($351). During the last 5 years the exports of Mongolia to Greece have increased at an annualized rate of 82.9%, from $4.3k in 2018 to $88.1k in 2023.

In 2018, Greece exported $999k to Mongolia. The main products exported from Greece to Mongolia were Wadding ($434k), Refined Petroleum ($147k), and Brochures ($106k). During the last 5 years the exports of Greece to Mongolia have decreased at an annualized rate of 6.82%, from $2.17M in 2023 to $999k in 2018.

Exports from Mongolia () to Greece () (2023)

Exports from Greece () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Greece ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Greece
Top DestinationItaly$6.21B

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

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

In 2023, countries that imported more from Greece than Mongolia included Italy ($6.21B), Germany ($3.06B), and Cyprus ($3.03B).

Difference in imports from Greece () and Mongolia () (2023)

Comparative Advantage Mongolia - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Greece in the exports of Vegetable Products ($82.1k), Textiles ($5.64k), and Machines ($351).

During 2018, Greece had a large net trade with Mongolia in the exports of Textiles ($444k), Mineral Products ($147k), and Foodstuffs ($129k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Greece+$10.4kKnit Sweaters

Top Product Potential Greece Mongolia+$540kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Greece () (2023)

Exports from Greece () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Greece ()

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Mongolia () (2023)

Comparative Advantage Mongolia - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Greece () (2023)

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