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Pricing

2021
Flag → Flag
Exports $1.31kRnk 129 / 0
2021
Flag → Flag
Exports $9.21kRnk 131 / 149
2021
Flag → Flag
Top Product $8.86kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
GDP PC $4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Mongolia-Trinidad and Tobago Trade: In 2021, Mongolia exported $1.31k to Trinidad and Tobago. The main products that Mongolia exported to Trinidad and Tobago were N/A. Over the past 8 years the exports of Mongolia to Trinidad and Tobago have decreased at an annualized rate of 30.1%, from $23.1k in 2013 to $1.31k in 2021.

In 2021, Mongolia did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Mongolia Trade: In 2021, Trinidad and Tobago exported $9.21k to Mongolia. The main products that Trinidad and Tobago exported to Mongolia were Hard Liquor ($8.86k), Sauces and Seasonings ($348), and Iron Fasteners ($3). Over the past 8 years the exports of Trinidad and Tobago to Mongolia have increased at an annualized rate of 10.4%,  from $5.09k in 2013 to $9.21k in 2021.

In 2021, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Mongolia exported $1.31k to Trinidad and Tobago. There were not main exports from Mongolia to Trinidad and Tobago in 2021. During the last 8 years the exports of Mongolia to Trinidad and Tobago have decreased at an annualized rate of 30.1%, from $23.1k in 2013 to $1.31k in 2021.

In 2017, Trinidad and Tobago exported $9.21k to Mongolia. The main products exported from Trinidad and Tobago to Mongolia were Hard Liquor ($8.86k), Sauces and Seasonings ($348), and Iron Fasteners ($3). During the last 5 years the exports of Trinidad and Tobago to Mongolia have increased at an annualized rate of 10.4%, from $5.09k in 2022 to $9.21k in 2017.

Exports from Mongolia (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Mongolia (Flag) (2022)

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

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

In 2022, countries that imported more from Trinidad and Tobago than Mongolia included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Trinidad and Tobago

Flow
Scale

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

During 2021, Mongolia had a large net trade with Trinidad and Tobago in the exports of .

During 2017, Trinidad and Tobago had a large net trade with Mongolia in the exports of Foodstuffs ($9.21k) and Metals ($3).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Trinidad and Tobago+$2.39kCoal Briquettes
Top Product Potential Trinidad and Tobago Mongolia+$15.2kHard Liquor

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

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

Product Space of Mongolia (Flag) and Trinidad and Tobago (Flag) (2022)

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