Mongolia (MNG) and Pakistan (PAK) Trade | The Observatory of Economic Complexity

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Mongolia-Pakistan Trade: In 2023, Mongolia exported $11.3k to Pakistan. The main products that Mongolia exported to Pakistan were Animal Hair ($11.3k). Over the past 8 years the exports of Mongolia to Pakistan have decreased at an annualized rate of 12.8%, from $33.9k in 2015 to $11.3k in 2023.

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

Pakistan-Mongolia Trade: In 2023, Pakistan exported $364k to Mongolia. The main products that Pakistan exported to Mongolia were Packaged Medicaments ($254k), Medical Instruments ($59.8k), and Bandages ($17.9k). Over the past 8 years the exports of Pakistan to Mongolia have decreased at an annualized rate of 28.3%, from $1.91M in 2015 to $364k in 2023.

In 2023, Pakistan 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, Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $11.3k to Pakistan. The main products exported from Mongolia to Pakistan were Animal Hair ($11.3k). During the last 8 years the exports of Mongolia to Pakistan have decreased at an annualized rate of 12.8%, from $33.9k in 2015 to $11.3k in 2023.

In 2018, Pakistan exported $364k to Mongolia. The main products exported from Pakistan to Mongolia were Packaged Medicaments ($254k), Medical Instruments ($59.8k), and Bandages ($17.9k). During the last 5 years the exports of Pakistan to Mongolia have decreased at an annualized rate of 28.3%, from $1.91M in 2023 to $364k in 2018.

Exports from Mongolia () to Pakistan () (2023)

Exports from Pakistan () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Pakistan ()

Mongolia Exports

Date

Pakistan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Pakistan
Top DestinationUnited States$5.18B

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

In 2023, countries that imported more from Mongolia than Pakistan included China ($13.1B), Switzerland ($842M), and India ($988k).

In 2023, countries that imported more from Pakistan than Mongolia included United States ($5.18B), United Arab Emirates ($3.7B), and Germany ($2.43B).

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

Comparative Advantage Mongolia - Pakistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Pakistan in the exports of Textiles ($11.3k).

During 2018, Pakistan had a large net trade with Mongolia in the exports of Chemical Products ($294k), Instruments ($59.8k), and Textiles ($8.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Pakistan+$7.45kCoal Briquettes

Top Product Potential Pakistan Mongolia+$690kPackaged 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 Pakistan. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Pakistan. Similarly, a dot/product with the flag of Pakistan indicates it has a comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Pakistan () (2023)

Exports from Pakistan () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Pakistan ()

Mongolia Exports

Pakistan Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Pakistan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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