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2023
Flag → Flag
Exports $8.71MRnk 12 / 101
2023
Flag → Flag
Top Product $3.15MRailway Freight Cars
2023
Flag → Flag
Exports $124MRnk 45 / 144
2023
Flag → Flag
Top Product $45.4MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.18Rnk 71 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP$263BCURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP GROWTH11%CURRENT US$
Rnk 153 / 195
2023
Flag
GDP PC $5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC$12,919CURRENT US$
Rnk 79 / 196
2013-2023
Flag
GDP PC GROWTH-4.15%CURRENT US$
Rnk 158 / 195

About

Mongolia-Kazakhstan Trade: In 2023, Mongolia exported $8.71M to Kazakhstan. The main products that Mongolia exported to Kazakhstan were Railway Freight Cars ($3.15M), Horse Meat ($2.7M), and Excavation Machinery ($962k). Over the past 5 years the exports of Mongolia to Kazakhstan have increased at an annualized rate of 15.6%, from $4.22M in 2018 to $8.71M in 2023.

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

Kazakhstan-Mongolia Trade: In 2023, Kazakhstan exported $124M to Mongolia. The main products that Kazakhstan exported to Mongolia were Broadcasting Equipment ($45.4M), Rolled Tobacco ($17.8M), and Other Locomotives ($17.1M). Over the past 5 years the exports of Kazakhstan to Mongolia have increased at an annualized rate of 12.4%,  from $69.3M in 2018 to $124M in 2023.

In 2023, Kazakhstan 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, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $8.71M to Kazakhstan. The main products exported from Mongolia to Kazakhstan were Railway Freight Cars ($3.15M), Horse Meat ($2.7M), and Excavation Machinery ($962k). During the last 5 years the exports of Mongolia to Kazakhstan have increased at an annualized rate of 15.6%, from $4.22M in 2018 to $8.71M in 2023.

In 2018, Kazakhstan exported $124M to Mongolia. The main products exported from Kazakhstan to Mongolia were Broadcasting Equipment ($45.4M), Rolled Tobacco ($17.8M), and Other Locomotives ($17.1M). During the last 5 years the exports of Kazakhstan to Mongolia have increased at an annualized rate of 12.4%, from $69.3M in 2023 to $124M in 2018.

Exports from Mongolia (Flag) to Kazakhstan (Flag) (2023)

Exports from Kazakhstan (Flag) to Mongolia (Flag) (2023)

Latest Data

Trade between Mongolia (Flag) and Kazakhstan (Flag)

Mongolia Exports

Kazakhstan Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$13.1B
Kazakhstan
Top DestinationChina$15.2B

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

In 2023, countries that imported more from Mongolia than Kazakhstan included Finland ($22.8M), Nigeria ($4.67M), and Suriname ($52k).

In 2023, countries that imported more from Kazakhstan than Mongolia included United Kingdom ($14.3B), Russia ($9.78B), and Turkey ($5.42B).

Difference in imports from Kazakhstan (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Kazakhstan

Flow
Scale

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

During 2023, Mongolia had a large net trade with Kazakhstan in the exports of Transportation ($3.17M), Animal Products ($2.71M), and Machines ($965k).

During 2018, Kazakhstan had a large net trade with Mongolia in the exports of Machines ($61M), Foodstuffs ($29.1M), and Transportation ($18.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Kazakhstan+$375kCars
Top Product Potential Kazakhstan Mongolia+$3.45MRefined 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

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

Product Space of Mongolia (Flag) and Kazakhstan (Flag) (2023)

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