Mongolia (MNG) and Portugal (PRT) Trade | The Observatory of Economic Complexity

About

Mongolia-Portugal Trade: In 2023, Mongolia exported $236k to Portugal. The main products that Mongolia exported to Portugal were Knit Sweaters ($170k), Bedspreads ($28.3k), and Other Knit Clothing Accessories ($9.89k). Over the past 5 years the exports of Mongolia to Portugal have increased at an annualized rate of 66%, from $18.7k in 2018 to $236k in 2023.

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

Portugal-Mongolia Trade: In 2023, Portugal exported $389k to Mongolia. The main products that Portugal exported to Mongolia were N/A. Over the past 5 years the exports of Portugal to Mongolia have decreased at an annualized rate of 39.7%, from $4.86M in 2018 to $389k in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $236k to Portugal. The main products exported from Mongolia to Portugal were Knit Sweaters ($170k), Bedspreads ($28.3k), and Other Knit Clothing Accessories ($9.89k). During the last 5 years the exports of Mongolia to Portugal have increased at an annualized rate of 66%, from $18.7k in 2018 to $236k in 2023.

In 2018, Portugal exported $389k to Mongolia. There were not main exports from Portugal to Mongolia in 2018. During the last 5 years the exports of Portugal to Mongolia have decreased at an annualized rate of 39.7%, from $4.86M in 2023 to $389k in 2018.

Exports from Mongolia () to Portugal () (2023)

Exports from Portugal () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Portugal ()

Mongolia Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Mongolia than Portugal included China ($13.1B).

In 2023, countries that imported more from Portugal than Mongolia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Mongolia - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Portugal in the exports of Textiles ($231k), Chemical Products ($1.55k), and Instruments ($1.35k).

During 2018, Portugal had a large net trade with Mongolia in the exports of Textiles ($101k), Footwear and Headwear ($101k), and Machines ($43.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Portugal+$212kKnit Sweaters

Top Product Potential Portugal Mongolia+$387kLeather Footwear

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Portugal () (2023)

Exports from Portugal () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Portugal ()

Mongolia Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Portugal

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring