Flag Malaysia / Mongolia Flag

2021
FlagFlag
Exports
: $56.7M, Rnk 104 / 217

2021
FlagFlag
Top Product
: $16.3M, Computers

2021
FlagFlag
Exports
: $770k, Rnk 34 / 105

2021
FlagFlag
Top Product
: $420k, Precious Metal Scraps

2021
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Economic Complexity (ECI)
: ECI 1.09, Rnk 24 / 131

2021
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Economic Complexity (ECI)
: ECI -1.23, Rnk 117 / 131

2021
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GDP
: $373B, CURRENT US$
Rnk 37 / 182

2011-2021
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GDP GROWTH
: 25.1%, CURRENT US$
Rnk 97 / 182

2021
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 GDP
: $15.1B, CURRENT US$
Rnk 123 / 182

2011-2021
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GDP GROWTH
: 45%, CURRENT US$
Rnk 61 / 182

2021
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GDP PC 
: $11,371, CURRENT US$
Rnk 63 / 182

2011-2021
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GDP PC GROWTH
: 9.34%, CURRENT US$
Rnk 105 / 182

2021
Flag
GDP PC
: $4,535, CURRENT US$
Rnk 107 / 182

2011-2021
Flag
GDP PC GROWTH
: 20.7%, CURRENT US$
Rnk 71 / 182

Malaysia-Mongolia In 2021, Malaysia exported $56.7M to Mongolia. The main products that Malaysia exported to Mongolia are Computers ($16.3M), Refined Petroleum ($9.65M), and Palm Oil ($3.51M). During the last 26 years the exports of Malaysia to Mongolia have increased at an annualized rate of 15.4%, from $1.36M in 1995 to $56.7M in 2021.

In 2021, Malaysia did not export any services to Mongolia.

Mongolia-Malaysia In 2021, Mongolia exported $770k to Malaysia. The main products that Mongolia exported to Malaysia were Precious Metal Scraps ($420k), Aircraft Parts ($84k), and Non-Iron and Steel Slag, Ash and Residues ($57.7k). During the last 26 years the exports of Mongolia to Malaysia have increased at an annualized rate of 12.7%, from $34k in 1995 to $770k in 2021.

In 2021, Mongolia did not export any services to Malaysia.

Comparison In 2021,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 21 in total exports ($333B). That same year, Mongolia ranked 117 in the Economic Complexity Index (ECI -1.23), and 95 in total exports ($10.5B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Malaysia exported $56.7M to Mongolia. The main products exported from Malaysia to Mongolia were Computers ($16.3M), Refined Petroleum ($9.65M), and Palm Oil ($3.51M). During the last 26 years the exports of Malaysia to Mongolia have increased at an annualized rate of 15.4%, from $1.36M in 1995 to $56.7M in 2021.

In 2021, Mongolia exported $770k to Malaysia. The main products exported from Mongolia to Malaysia were Precious Metal Scraps ($420k), Aircraft Parts ($84k), and Non-Iron and Steel Slag, Ash and Residues ($57.7k). During the last 26 years the exports of Mongolia to Malaysia have increased at an annualized rate of 12.7%, from $34k in 1995 to $770k in 2021.

Market Competitiveness

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Color

Malaysia
Top Destination
: Singapore, $49.6B

Mongolia
Top Destination
: China, $7.64B

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

In 2021, countries that imported more from Malaysia than Mongolia were Singapore ($49.6B), United States ($42.9B), and China ($47.9B).

In 2021, countries that imported more from Mongolia than Malaysia were Switzerland ($1.97B).

Comparative Advantage Malaysia - Mongolia

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Flow
Scale

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

During 2021, Malaysia had a large net trade with Mongolia in the exports of Machines ($23.7M), Mineral Products ($9.65M), and Foodstuffs ($9.12M).

During 2021, Mongolia had a large net trade with Malaysia in the exports of Precious Metals ($420k), Transportation ($139k), and Mineral Products ($57.7k).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Malaysia has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Malaysia.