2022
Flag  
GDP
$16.8BCURRENT US$
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2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
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2022
Flag
 GDP
$467BCURRENT US$
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2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
GDP PC 
$4,947CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
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2022
Flag
GDP PC
$82,808CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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About

Mongolia-Singapore In 2022, Mongolia exported $346M to Singapore. The main products that Mongolia exported to Singapore are Coal Briquettes ($337M), Motor vehicles; parts and accessories (8701 to 8705) ($1.89M), and Combustion Engines ($920k). During the last 27 years the exports of Mongolia to Singapore have increased at an annualized rate of 44%, from $18.4k in 1995 to $346M in 2022.

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

Singapore-Mongolia In 2022, Singapore exported $58.8M to Mongolia. The main products that Singapore exported to Mongolia were Refined Petroleum ($17.8M), Hard Liquor ($5.32M), and Computers ($4.13M). During the last 27 years the exports of Singapore to Mongolia have increased at an annualized rate of 5.24%, from $14.8M in 1995 to $58.8M in 2022.

In 2022, Singapore 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, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $346M to Singapore. The main products exported from Mongolia to Singapore were Coal Briquettes ($337M), Motor vehicles; parts and accessories (8701 to 8705) ($1.89M), and Combustion Engines ($920k). During the last 27 years the exports of Mongolia to Singapore have increased at an annualized rate of 44%, from $18.4k in 1995 to $346M in 2022.

In 2022, Singapore exported $58.8M to Mongolia. The main products exported from Singapore to Mongolia were Refined Petroleum ($17.8M), Hard Liquor ($5.32M), and Computers ($4.13M). During the last 27 years the exports of Singapore to Mongolia have increased at an annualized rate of 5.24%, from $14.8M in 1995 to $58.8M in 2022.

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

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

Latest Data

Trade between Mongolia (Flag) and Singapore (Flag)

Mongolia Exports

Singapore Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2021, countries that imported more from Mongolia than Singapore were Kyrgyzstan ($2.34M).

In 2021, countries that imported more from Singapore than Mongolia were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Mongolia - Singapore

Flow
Scale

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

During 2022, Mongolia had a large net trade with Singapore in the exports of Mineral Products ($337M), Machines ($5.32M), and Transportation ($2.5M).

During 2022, Singapore had a large net trade with Mongolia in the exports of Machines ($20.4M), Mineral Products ($17.8M), and Foodstuffs ($9.06M).

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 Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Mongolia.

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

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