Mongolia (MNG) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Mongolia-Ireland Trade: In 2023, Mongolia exported $102k to Ireland. The main products that Mongolia exported to Ireland were Pepper ($34.2k), Knit Sweaters ($30.7k), and Other Mineral ($6.42k). Over the past 5 years the exports of Mongolia to Ireland have decreased at an annualized rate of 35.4%, from $911k in 2018 to $102k in 2023.

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

Ireland-Mongolia Trade: In 2023, Ireland exported $3.73M to Mongolia. The main products that Ireland exported to Mongolia were Animal Food ($862k), Broadcasting Equipment ($594k), and Scented Mixtures ($580k). Over the past 5 years the exports of Ireland to Mongolia have decreased at an annualized rate of 14.5%, from $8.17M in 2018 to $3.73M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $102k to Ireland. The main products exported from Mongolia to Ireland were Pepper ($34.2k), Knit Sweaters ($30.7k), and Other Mineral ($6.42k). During the last 5 years the exports of Mongolia to Ireland have decreased at an annualized rate of 35.4%, from $911k in 2018 to $102k in 2023.

In 2018, Ireland exported $3.73M to Mongolia. The main products exported from Ireland to Mongolia were Animal Food ($862k), Broadcasting Equipment ($594k), and Scented Mixtures ($580k). During the last 5 years the exports of Ireland to Mongolia have decreased at an annualized rate of 14.5%, from $8.17M in 2023 to $3.73M in 2018.

Exports from Mongolia () to Ireland () (2023)

Exports from Ireland () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Ireland ()

Mongolia Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Ireland
Top DestinationUnited States$67.4B

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

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

In 2023, countries that imported more from Ireland than Mongolia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Mongolia - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Ireland in the exports of Textiles ($51.6k), Vegetable Products ($34.4k), and Mineral Products ($6.87k).

During 2018, Ireland had a large net trade with Mongolia in the exports of Foodstuffs ($1.2M), Chemical Products ($1.19M), and Machines ($757k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Ireland+$54.9kKnit Sweaters

Top Product Potential Ireland Mongolia+$1.8MPackaged 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 Ireland. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Ireland () (2023)

Exports from Ireland () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Ireland ()

Mongolia Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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