Mongolia (MNG) and Romania (ROU) Trade | The Observatory of Economic Complexity

About

Mongolia-Romania Trade: In 2022, Mongolia exported $16.5k to Romania. The main products that Mongolia exported to Romania were Knit Sweaters ($6.71k), Other Knit Clothing Accessories ($2.76k), and Leather Footwear ($1.93k). Over the past 5 years the exports of Mongolia to Romania have decreased at an annualized rate of 23.3%, from $62.5k in 2017 to $16.5k in 2022.

In 2022, Mongolia did not export any services to Romania.

Romania-Mongolia Trade: In 2022, Romania exported $7.16M to Mongolia. The main products that Romania exported to Mongolia were Packaged Medicaments ($2.41M), Hair Products ($1.22M), and Processed Tobacco ($978k). Over the past 5 years the exports of Romania to Mongolia have increased at an annualized rate of 2.85%, from $3.36M in 2017 to $7.16M in 2022.

In 2022, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $16.5k to Romania. The main products exported from Mongolia to Romania were Knit Sweaters ($6.71k), Other Knit Clothing Accessories ($2.76k), and Leather Footwear ($1.93k). During the last 5 years the exports of Mongolia to Romania have decreased at an annualized rate of 23.3%, from $62.5k in 2017 to $16.5k in 2022.

In 2017, Romania exported $7.16M to Mongolia. The main products exported from Romania to Mongolia were Packaged Medicaments ($2.41M), Hair Products ($1.22M), and Processed Tobacco ($978k). During the last 5 years the exports of Romania to Mongolia have increased at an annualized rate of 2.85%, from $3.36M in 2022 to $7.16M in 2017.

Exports from Mongolia () to Romania () (2022)

Exports from Romania () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Romania ()

Mongolia Exports

Date

Aug 2018

Oct 2016

undefined

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Mongolia than Romania included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2022, countries that imported more from Romania than Mongolia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

Difference in imports from Romania () and Mongolia () (2022)

Comparative Advantage Mongolia - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Romania in the exports of Textiles ($14k) and Footwear and Headwear ($2.52k).

During 2017, Romania had a large net trade with Mongolia in the exports of Chemical Products ($3.68M), Foodstuffs ($1.35M), and Machines ($1.22M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Romania+$38.7kKnit Sweaters

Top Product Potential Romania Mongolia+$775kPackaged 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.

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 Romania. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Romania () (2022)

Exports from Romania () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Romania ()

Mongolia Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Mongolia () (2022)

Comparative Advantage Mongolia - Romania

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 Romania () (2022)

Keep Exploring