2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC 
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

Mongolia-Chinese Taipei Trade: In 2022, Mongolia exported $1.1M to Chinese Taipei. The main products that Mongolia exported to Chinese Taipei were Tug Boats ($559k), Other Pure Vegetable Oils ($113k), and Knit Sweaters ($81.4k). Over the past 5 years the exports of Mongolia to Chinese Taipei have decreased at an annualized rate of 49.3%, from $32.7M in 2017 to $1.1M in 2022.

In 2022, Mongolia did not export any services to Chinese Taipei.

Chinese Taipei-Mongolia Trade: In 2022, Chinese Taipei exported $16.2M to Mongolia. The main products that Chinese Taipei exported to Mongolia were Other Plastic Products ($1.92M), Packaged Medicaments ($1.53M), and Awnings, Tents, and Sails ($1.51M). Over the past 5 years the exports of Chinese Taipei to Mongolia have increased at an annualized rate of 7.76%,  from $7.1M in 2017 to $16.2M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $1.1M to Chinese Taipei. The main products exported from Mongolia to Chinese Taipei were Tug Boats ($559k), Other Pure Vegetable Oils ($113k), and Knit Sweaters ($81.4k). During the last 5 years the exports of Mongolia to Chinese Taipei have decreased at an annualized rate of 49.3%, from $32.7M in 2017 to $1.1M in 2022.

In 2017, Chinese Taipei exported $16.2M to Mongolia. The main products exported from Chinese Taipei to Mongolia were Other Plastic Products ($1.92M), Packaged Medicaments ($1.53M), and Awnings, Tents, and Sails ($1.51M). During the last 5 years the exports of Chinese Taipei to Mongolia have increased at an annualized rate of 7.76%, from $7.1M in 2022 to $16.2M in 2017.

Exports from Mongolia (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to Mongolia (Flag) (2022)

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Chinese Taipei
Top Destination
China$121B

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 2022, countries that imported more from Mongolia than Chinese Taipei included Switzerland ($1.98B).

In 2022, countries that imported more from Chinese Taipei than Mongolia included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei (Flag) and Mongolia (Flag) (2022)

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 2022, Mongolia had a large net trade with Chinese Taipei in the exports of Transportation ($564k), Textiles ($320k), and Animal and Vegetable Bi-Products ($113k).

During 2017, Chinese Taipei had a large net trade with Mongolia in the exports of Machines ($5M), Plastics and Rubbers ($3.66M), and Chemical Products ($1.8M).

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) (2022)

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