Malaysia (MYS) and Mongolia (MNG) Trade | OEC - The Observatory of Economic Complexity

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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).

Latest Trends

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September, 2020

About

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Overview In September 2020, Malaysia exported MYR13.7M and imported MYR2.39k from Mongolia, resulting in a positive trade balance of MYR13.7M. Between September 2019 and September 2020 the exports of Malaysia have increased by MYR2.35M (20.7%) from MYR11.3M to MYR13.7M, while imports decreased by MYR-75.2k (-96.9%) from MYR77.6k to MYR2.39k.

Trade In September 2020, the top exports of Malaysia to Mongolia were Stranded Iron Wire (MYR3.48M), Computers (MYR2.24M), Microphones and Headphones (MYR1.36M), Coffee and Tea Extracts (MYR1.15M), and Telephones (MYR870k). In September 2020 the top imports of Malaysia from Mongolia were Dried Fruits (MYR46.5k) and Commodities not elsewhere specified (MYR2.93k).

Growth In September 2020, the increase in Malaysia's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Coffee and Tea Extracts (MYR840k or 267%), Telephones (MYR644k or 285%), and Computers (MYR619k or 38.2%). In September 2020, the decrease in Malaysia's year-by-year imports from Mongolia was explained primarily by an decrease in product imports in Commodities not elsewhere specified (MYR-1.56k or -34.8%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (September 2019 - September 2020): MYR2.35M, (20.7%)

IMPORT GROWTH (September 2019 - September 2020): MYR-75.2k, (-96.9%)

This section shows exports and imports data at subnational level for Malaysia. Click any date in the line plot or any product to explore the exports or imports behavior of Malaysia over time.

To check Mongolia and Malaysia trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

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

SectionYear

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

Year

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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Year

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.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Malaysia - Mongolia

Economic Complexity

Competitive Landscape

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