2023
Flag  
GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC 
$5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

Mongolia-Chinese Taipei Trade: In 2023, Mongolia exported $27.8M to Chinese Taipei. The main products that Mongolia exported to Chinese Taipei were Refined Copper ($27.2M), Knit Sweaters ($308k), and Other Pure Vegetable Oils ($98k). Over the past 5 years the exports of Mongolia to Chinese Taipei have decreased at an annualized rate of 1.84%, from $30.5M in 2018 to $27.8M in 2023.

In 2023, Mongolia did not export any services to Chinese Taipei.

Chinese Taipei-Mongolia Trade: In 2023, Chinese Taipei exported $5.38M to Mongolia. The main products that Chinese Taipei exported to Mongolia were Awnings, Tents, and Sails ($875k), Office Machine Parts ($686k), and Blank Audio Media ($416k). Over the past 5 years the exports of Chinese Taipei to Mongolia have decreased at an annualized rate of 17%,  from $13.7M in 2018 to $5.38M in 2023.

In 2023, Chinese Taipei did not export any services to Mongolia.

Comparison: In 2023,  Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B). That same year, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $27.8M to Chinese Taipei. The main products exported from Mongolia to Chinese Taipei were Refined Copper ($27.2M), Knit Sweaters ($308k), and Other Pure Vegetable Oils ($98k). During the last 5 years the exports of Mongolia to Chinese Taipei have decreased at an annualized rate of 1.84%, from $30.5M in 2018 to $27.8M in 2023.

In 2018, Chinese Taipei exported $5.38M to Mongolia. The main products exported from Chinese Taipei to Mongolia were Awnings, Tents, and Sails ($875k), Office Machine Parts ($686k), and Blank Audio Media ($416k). During the last 5 years the exports of Chinese Taipei to Mongolia have decreased at an annualized rate of 17%, from $13.7M in 2023 to $5.38M in 2018.

Exports from Mongolia (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Mongolia (Flag) (2023)

Market Competitiveness

Color
Mongolia
Top Destination
China$13.1B
Chinese Taipei
Top Destination
China$101B

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

In 2023, no countries were registered that imported more from Mongolia than from Chinese Taipei.

In 2023, countries that imported more from Chinese Taipei than Mongolia included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Chinese Taipei

Flow
Scale

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

During 2023, Mongolia had a large net trade with Chinese Taipei in the exports of Metals ($27.2M), Textiles ($363k), and Animal and Vegetable Bi-Products ($98k).

During 2018, Chinese Taipei had a large net trade with Mongolia in the exports of Machines ($2.58M), Textiles ($901k), and Plastics and Rubbers ($590k).

Economic Complexity

Competitive Landscape

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

Product Space of Mongolia (Flag) and Chinese Taipei (Flag) (2023)

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