Mongolia (MNG) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Mongolia-Japan Trade: In 2022, Mongolia exported $22.2M to Japan. The main products that Mongolia exported to Japan were Feldspar ($3.53M), Electric Furnaces ($3.09M), and Animal Organs ($2.1M). Over the past 5 years the exports of Mongolia to Japan have decreased at an annualized rate of 8.11%, from $33.9M in 2017 to $22.2M in 2022.

In 2022, Mongolia did not export any services to Japan.

Japan-Mongolia Trade: In 2022, Japan exported $577M to Mongolia. The main products that Japan exported to Mongolia were Cars ($377M), Delivery Trucks ($40.7M), and Large Construction Vehicles ($14.2M). Over the past 5 years the exports of Japan to Mongolia have increased at an annualized rate of 4.32%, from $378M in 2017 to $577M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $22.2M to Japan. The main products exported from Mongolia to Japan were Feldspar ($3.53M), Electric Furnaces ($3.09M), and Animal Organs ($2.1M). During the last 5 years the exports of Mongolia to Japan have decreased at an annualized rate of 8.11%, from $33.9M in 2017 to $22.2M in 2022.

In 2017, Japan exported $577M to Mongolia. The main products exported from Japan to Mongolia were Cars ($377M), Delivery Trucks ($40.7M), and Large Construction Vehicles ($14.2M). During the last 5 years the exports of Japan to Mongolia have increased at an annualized rate of 4.32%, from $378M in 2022 to $577M in 2017.

Exports from Mongolia () to Japan () (2022)

Exports from Japan () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Japan ()

Mongolia Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Japan
Top DestinationUnited States$137B

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

In 2022, no countries were registered that imported more from Mongolia than from Japan.

In 2022, countries that imported more from Japan than Mongolia included United States ($137B), China ($135B), and South Korea ($50.8B).

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

Comparative Advantage Mongolia - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Japan in the exports of Machines ($5.64M), Mineral Products ($5.43M), and Textiles ($4.16M).

During 2017, Japan had a large net trade with Mongolia in the exports of Transportation ($454M), Machines ($44.2M), and Plastics and Rubbers ($26.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Japan+$1.89MKnit Sweaters

Top Product Potential Japan Mongolia+$14.7MRefined 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 Japan. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Japan () (2022)

Exports from Japan () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Japan ()

Mongolia Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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