Mongolia (MNG) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Mongolia-Sweden Trade: In 2022, Mongolia exported $434k to Sweden. The main products that Mongolia exported to Sweden were N/A. Over the past 5 years the exports of Mongolia to Sweden have decreased at an annualized rate of 13.9%, from $916k in 2017 to $434k in 2022.

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

Sweden-Mongolia Trade: In 2022, Sweden exported $36.2M to Mongolia. The main products that Sweden exported to Mongolia were Excavation Machinery ($11.1M), Other Construction Vehicles ($2.87M), and Transmissions ($2.18M). Over the past 5 years the exports of Sweden to Mongolia have increased at an annualized rate of 2.24%, from $31.7M in 2017 to $36.2M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $434k to Sweden. There were not main exports from Mongolia to Sweden in 2022. During the last 5 years the exports of Mongolia to Sweden have decreased at an annualized rate of 13.9%, from $916k in 2017 to $434k in 2022.

In 2017, Sweden exported $36.2M to Mongolia. The main products exported from Sweden to Mongolia were Excavation Machinery ($11.1M), Other Construction Vehicles ($2.87M), and Transmissions ($2.18M). During the last 5 years the exports of Sweden to Mongolia have increased at an annualized rate of 2.24%, from $31.7M in 2022 to $36.2M in 2017.

Exports from Mongolia () to Sweden () (2022)

Exports from Sweden () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Sweden ()

Mongolia Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Sweden
Top DestinationGermany$19.2B

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

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

In 2022, countries that imported more from Sweden than Mongolia included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Mongolia - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Sweden in the exports of Textiles ($282k), Machines ($76.9k), and Footwear and Headwear ($27.9k).

During 2017, Sweden had a large net trade with Mongolia in the exports of Machines ($23.7M), Metals ($5.14M), and Transportation ($2.69M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Sweden+$268kKnit Sweaters

Top Product Potential Sweden Mongolia+$1.62MDelivery Trucks

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Sweden () (2022)

Exports from Sweden () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Sweden ()

Mongolia Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Sweden () (2022)

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