Pakistan (PAK) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

About

Pakistan-Mongolia Trade: In 2022, Pakistan exported $2.96M to Mongolia. The main products that Pakistan exported to Mongolia were Soap ($1.23M), Packaged Medicaments ($520k), and Non-Knit Women's Suits ($265k). Over the past 5 years the exports of Pakistan to Mongolia have increased at an annualized rate of 14.6%, from $1.5M in 2017 to $2.96M in 2022.

In 2022, Pakistan did not export any services to Mongolia.

Mongolia-Pakistan Trade: In 2022, Mongolia exported $5.75k to Pakistan. The main products that Mongolia exported to Pakistan were Clays ($5.19k) and Blankets ($568). Over the past 5 years the exports of Mongolia to Pakistan have decreased at an annualized rate of 51.6%, from $216k in 2017 to $5.75k in 2022.

In 2022, Mongolia did not export any services to Pakistan.

Comparison: In 2022, Pakistan ranked 84 in the Economic Complexity Index (ECI -0.45), and 66 in total exports ($38.6B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Pakistan exported $2.96M to Mongolia. The main products exported from Pakistan to Mongolia were Soap ($1.23M), Packaged Medicaments ($520k), and Non-Knit Women's Suits ($265k). During the last 5 years the exports of Pakistan to Mongolia have increased at an annualized rate of 14.6%, from $1.5M in 2017 to $2.96M in 2022.

In 2017, Mongolia exported $5.75k to Pakistan. The main products exported from Mongolia to Pakistan were Clays ($5.19k) and Blankets ($568). During the last 5 years the exports of Mongolia to Pakistan have decreased at an annualized rate of 51.6%, from $216k in 2022 to $5.75k in 2017.

Exports from Pakistan () to Mongolia () (2022)

Exports from Mongolia () to Pakistan () (2022)

Latest Data

Trade between Pakistan () and Mongolia ()

Pakistan Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Pakistan
Top DestinationUnited States$6.47B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Pakistan than Mongolia included United States ($6.47B), Germany ($2.8B), and United Arab Emirates ($2.58B).

In 2022, countries that imported more from Mongolia than Pakistan included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia () and Pakistan () (2022)

Comparative Advantage Pakistan - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Pakistan had a large net trade with Mongolia in the exports of Chemical Products ($1.92M), Textiles ($700k), and Foodstuffs ($73.4k).

During 2017, Mongolia had a large net trade with Pakistan in the exports of Mineral Products ($5.19k) and Textiles ($568).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Pakistan Mongolia+$690kPackaged Medicaments

Top Product Potential Mongolia Pakistan+$7.45kCoal Briquettes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Pakistan () to Mongolia () (2022)

Exports from Mongolia () to Pakistan () (2022)

Latest Data

Trade between Pakistan () and Mongolia ()

Pakistan Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Pakistan () (2022)

Comparative Advantage Pakistan - Mongolia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Pakistan () and Mongolia () (2022)

Keep Exploring