Mongolia (MNG) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Mongolia-Norway Trade: In 2023, Mongolia exported $2.32M to Norway. The main products that Mongolia exported to Norway were Other Processed Fruits and Nuts ($843k), Other Nuts ($779k), and Other Footwear ($183k). Over the past 5 years the exports of Mongolia to Norway have increased at an annualized rate of 25.1%, from $758k in 2018 to $2.32M in 2023.

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

Norway-Mongolia Trade: In 2023, Norway exported $397k to Mongolia. The main products that Norway exported to Mongolia were Microphones and Headphones ($130k), Other Footwear ($109k), and Fish Fillets ($47.3k). Over the past 5 years the exports of Norway to Mongolia have decreased at an annualized rate of 17.7%, from $1.05M in 2018 to $397k in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $2.32M to Norway. The main products exported from Mongolia to Norway were Other Processed Fruits and Nuts ($843k), Other Nuts ($779k), and Other Footwear ($183k). During the last 5 years the exports of Mongolia to Norway have increased at an annualized rate of 25.1%, from $758k in 2018 to $2.32M in 2023.

In 2018, Norway exported $397k to Mongolia. The main products exported from Norway to Mongolia were Microphones and Headphones ($130k), Other Footwear ($109k), and Fish Fillets ($47.3k). During the last 5 years the exports of Norway to Mongolia have decreased at an annualized rate of 17.7%, from $1.05M in 2023 to $397k in 2018.

Exports from Mongolia () to Norway () (2023)

Exports from Norway () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Norway ()

Mongolia Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Mongolia than Norway included China ($13.1B) and Switzerland ($842M).

In 2023, countries that imported more from Norway than Mongolia included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Mongolia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Norway in the exports of Foodstuffs ($843k), Vegetable Products ($779k), and Textiles ($229k).

During 2018, Norway had a large net trade with Mongolia in the exports of Machines ($175k), Footwear and Headwear ($109k), and Animal Products ($48.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Norway+$167kKnit Sweaters

Top Product Potential Norway Mongolia+$245kPackaged 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 Norway. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Norway () (2023)

Exports from Norway () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Norway ()

Mongolia Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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