2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
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GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
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 GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
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GDP PC 
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
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GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186
2022
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GDP PC
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
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GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186

About

Mongolia-Mexico In 2019, Mongolia exported $612 to Mexico. The main products that Mongolia exported to Mexico are N/A. During the last 22 years the exports of Mongolia to Mexico have decreased at an annualized rate of 13.1%, from $13.3k in 1997 to $612 in 2019.

In 2019, Mongolia did not export any services to Mexico.

Mexico-Mongolia In 2019, Mexico exported $18.9M to Mongolia. The main products that Mexico exported to Mongolia were Acyclic Alcohols ($2.57M), Centrifuges ($2.03M), and Engine Parts ($1.94M). During the last 22 years the exports of Mexico to Mongolia have increased at an annualized rate of 44.2%, from $6k in 1997 to $18.9M in 2019.

In 2019, Mexico did not export any services to Mongolia.

Comparison In 2022,  Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B). That same year, Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Mongolia exported $612 to Mexico. There were not main exports from Mongolia to Mexico in 2019. During the last 22 years the exports of Mongolia to Mexico have decreased at an annualized rate of 13.1%, from $13.3k in 1997 to $612 in 2019.

In 2022, Mexico exported $18.9M to Mongolia. The main products exported from Mexico to Mongolia were Acyclic Alcohols ($2.57M), Centrifuges ($2.03M), and Engine Parts ($1.94M). During the last 27 years the exports of Mexico to Mongolia have increased at an annualized rate of 44.2%, from $6k in 1995 to $18.9M in 2022.

Exports from Mongolia (Flag) to Mexico (Flag) (2022)

Exports from Mexico (Flag) to Mongolia (Flag) (2022)

Latest Data

Trade between Mongolia (Flag) and Mexico (Flag)

Mongolia Exports

Mexico Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Mexico
Top Destination
United States$421B

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

In 2021, countries that imported more from Mongolia than Mexico were Russia ($112M), Iran ($7.39M), and Sudan ($419k).

In 2021, countries that imported more from Mexico than Mongolia were United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

Difference in imports from Mexico (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Mexico

Flow
Scale

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

During 2019, Mongolia had a large net trade with Mexico in the exports of .

During 2022, Mexico had a large net trade with Mongolia in the exports of Machines ($8.43M), Chemical Products ($5.01M), and Foodstuffs ($1.91M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Mongolia has comparative advantage over Mexico. Similarly, the more yellow a dot/product is, the more Mexico has comparative advantage over Mongolia.

Product Space of Mongolia (Flag) and Mexico (Flag) (2022)

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