2023
Flag  
GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP
$102BCURRENT US$
Rnk 70 / 195
2013-2023
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC 
$5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC
$2,850CURRENT US$
Rnk 144 / 196
2013-2023
Flag
GDP PC GROWTH
15.7%CURRENT US$
Rnk 116 / 195

About

Mongolia-Uzbekistan Trade: In 2023, Mongolia exported $3.49M to Uzbekistan. The main products that Mongolia exported to Uzbekistan were Sheep and Goat Meat ($2.45M), Frozen Bovine Meat ($871k), and Bovine, Sheep, and Goat Fat ($40.4k). Over the past 5 years the exports of Mongolia to Uzbekistan have increased at an annualized rate of 66.1%, from $276k in 2018 to $3.49M in 2023.

In 2023, Mongolia did not export any services to Uzbekistan.

Uzbekistan-Mongolia Trade: In 2023, Uzbekistan exported $10.1M to Mongolia. The main products that Uzbekistan exported to Mongolia were Telephones ($2.15M), Broadcasting Equipment ($1.92M), and Chocolate ($1.73M). Over the past 5 years the exports of Uzbekistan to Mongolia have increased at an annualized rate of 46.8%,  from $1.49M in 2018 to $10.1M in 2023.

In 2023, Uzbekistan 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, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $3.49M to Uzbekistan. The main products exported from Mongolia to Uzbekistan were Sheep and Goat Meat ($2.45M), Frozen Bovine Meat ($871k), and Bovine, Sheep, and Goat Fat ($40.4k). During the last 5 years the exports of Mongolia to Uzbekistan have increased at an annualized rate of 66.1%, from $276k in 2018 to $3.49M in 2023.

In 2018, Uzbekistan exported $10.1M to Mongolia. The main products exported from Uzbekistan to Mongolia were Telephones ($2.15M), Broadcasting Equipment ($1.92M), and Chocolate ($1.73M). During the last 5 years the exports of Uzbekistan to Mongolia have increased at an annualized rate of 46.8%, from $1.49M in 2023 to $10.1M in 2018.

Exports from Mongolia (Flag) to Uzbekistan (Flag) (2023)

Exports from Uzbekistan (Flag) to Mongolia (Flag) (2023)

Latest Data

Trade between Mongolia (Flag) and Uzbekistan (Flag)

Mongolia Exports

Uzbekistan Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$13.1B
Uzbekistan
Top Destination
Switzerland$8.18B

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

In 2023, countries that imported more from Mongolia than Uzbekistan included China ($13.1B), Thailand ($67.1M), and Chinese Taipei ($27.8M).

In 2023, countries that imported more from Uzbekistan than Mongolia included Switzerland ($8.18B), Russia ($3.02B), and United Kingdom ($2.65B).

Difference in imports from Uzbekistan (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Uzbekistan

Flow
Scale

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

During 2023, Mongolia had a large net trade with Uzbekistan in the exports of Animal Products ($3.38M), Animal Hides ($44.4k), and Animal and Vegetable Bi-Products ($40.4k).

During 2018, Uzbekistan had a large net trade with Mongolia in the exports of Machines ($5.76M), Foodstuffs ($2.62M), and Vegetable Products ($1.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Uzbekistan+$52.6kCars
Top Product Potential Uzbekistan Mongolia+$329kNitrogenous Fertilizers

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

Product Space of Mongolia (Flag) and Uzbekistan (Flag) (2023)

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