Mongolia (MNG) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

About

Mongolia-Hong Kong Trade: In 2023, Mongolia exported $2.72M to Hong Kong. The main products that Mongolia exported to Hong Kong were Jewellery ($1.21M), Diamonds ($381k), and Telephones ($253k). Over the past 5 years the exports of Mongolia to Hong Kong have decreased at an annualized rate of 26.2%, from $12.4M in 2018 to $2.72M in 2023.

In 2023, Mongolia did not export any services to Hong Kong.

Hong Kong-Mongolia Trade: In 2023, Hong Kong exported $38.8M to Mongolia. The main products that Hong Kong exported to Mongolia were Computers ($6.65M), Office Machine Parts ($5.38M), and Broadcasting Equipment ($4.35M). Over the past 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 10.6%, from $23.4M in 2018 to $38.8M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $2.72M to Hong Kong. The main products exported from Mongolia to Hong Kong were Jewellery ($1.21M), Diamonds ($381k), and Telephones ($253k). During the last 5 years the exports of Mongolia to Hong Kong have decreased at an annualized rate of 26.2%, from $12.4M in 2018 to $2.72M in 2023.

In 2018, Hong Kong exported $38.8M to Mongolia. The main products exported from Hong Kong to Mongolia were Computers ($6.65M), Office Machine Parts ($5.38M), and Broadcasting Equipment ($4.35M). During the last 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 10.6%, from $23.4M in 2023 to $38.8M in 2018.

Exports from Mongolia () to Hong Kong () (2023)

Exports from Hong Kong () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Hong Kong ()

Mongolia Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Hong Kong
Top DestinationChina$25.3B

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

In 2023, no countries were registered that imported more from Mongolia than from Hong Kong.

In 2023, countries that imported more from Hong Kong than Mongolia included Vietnam ($14.4B), China ($25.3B), and South Korea ($9.5B).

Difference in imports from Hong Kong () and Mongolia () (2023)

Comparative Advantage Mongolia - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Hong Kong in the exports of Precious Metals ($1.6M), Machines ($299k), and Textiles ($274k).

During 2018, Hong Kong had a large net trade with Mongolia in the exports of Machines ($26M), Foodstuffs ($4.83M), and Instruments ($2.15M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Hong Kong+$12.4MCoal Briquettes

Top Product Potential Hong Kong Mongolia+$1.89MComputers

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Hong Kong () (2023)

Exports from Hong Kong () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Hong Kong ()

Mongolia Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Mongolia () (2023)

Comparative Advantage Mongolia - Hong Kong

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Hong Kong () (2023)

Keep Exploring