GDP$16.8BCURRENT US$Rnk 126 / 186 GDP GROWTH36.8%CURRENT US$Rnk 90 / 186
GDP$45.8BCURRENT US$Rnk 91 / 186 GDP GROWTH-50.6%CURRENT US$Rnk 186 / 186 GDP PC $4,947CURRENT US$Rnk 112 / 186GDP PC GROWTH12.4%CURRENT US$Rnk 107 / 186GDP PC$6,716CURRENT US$Rnk 97 / 186GDP PC GROWTH-57.4%CURRENT US$Rnk 185 / 186In N/A, Mongolia did not export any services to Libya.
Libya-Mongolia In false, Libya did not export any products to Mongolia.
In N/A, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).
This map shows whether countries import more from Mongolia or Libya. Each country is colored based on the difference in imports they receive from Mongolia and Libya or the difference in the growth in imports.
In 2022, countries that imported more from Mongolia than Libya included China ($10.6B), Switzerland ($1.98B), and South Korea ($259M).
In 2022, countries that imported more from Libya than Mongolia included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).
) and Mongolia () (2022)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.
This visualization shows the product space at the HS4 level with the flags of Mongolia and Libya. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Mongolia.
) and Libya () (NaN)
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