GDP$16.8BCURRENT US$Rnk 126 / 186 GDP GROWTH36.8%CURRENT US$Rnk 90 / 186
GDP$8.13BCURRENT US$Rnk 148 / 186 GDP GROWTH0%CURRENT US$Rnk 165 / 186 GDP PC $4,947CURRENT US$Rnk 112 / 186GDP PC GROWTH12.4%CURRENT US$Rnk 107 / 186GDP PC$462CURRENT US$Rnk 183 / 186GDP PC GROWTH0%CURRENT US$Rnk 143 / 186In N/A, Mongolia did not export any services to Somalia.
Somalia-Mongolia In N/A, Somalia did not export any products to Mongolia.
In N/A, Somalia 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, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.
This map shows whether countries import more from Mongolia or Somalia. Each country is colored based on the difference in imports they receive from Mongolia and Somalia or the difference in the growth in imports.
In 2022, countries that imported more from Mongolia than Somalia included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).
In 2022, countries that imported more from Somalia than Mongolia included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).
) and Mongolia () (2022)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.
This visualization shows the product space at the HS4 level with the flags of Mongolia and Somalia. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Mongolia.
) and Somalia () (2018)
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