Peru (PER) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Peru-Mongolia Trade: In 2022, Peru exported $416k to Mongolia. The main products that Peru exported to Mongolia were N/A. Over the past 5 years the exports of Peru to Mongolia have increased at an annualized rate of 12.6%, from $230k in 2017 to $416k in 2022.

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

Mongolia-Peru Trade: In 2022, Mongolia exported $29.6k to Peru. The main products that Mongolia exported to Peru were Trunks and Cases ($16.5k), Rubber Pipes ($13k), and Other Rubber Products ($76). Over the past 5 years the exports of Mongolia to Peru have decreased at an annualized rate of 27.2%, from $145k in 2017 to $29.6k in 2022.

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

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $416k to Mongolia. There were not main exports from Peru to Mongolia in 2022. During the last 5 years the exports of Peru to Mongolia have increased at an annualized rate of 12.6%, from $230k in 2017 to $416k in 2022.

In 2018, Mongolia exported $29.6k to Peru. The main products exported from Mongolia to Peru were Trunks and Cases ($16.5k), Rubber Pipes ($13k), and Other Rubber Products ($76). During the last 5 years the exports of Mongolia to Peru have decreased at an annualized rate of 27.2%, from $145k in 2023 to $29.6k in 2018.

Exports from Peru () to Mongolia () (2023)

Exports from Mongolia () to Peru () (2023)

Latest Data

Trade between Peru () and Mongolia ()

Peru Exports

Date

Mongolia Exports

Date

Aug 2018

Nov 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Peru than Mongolia included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

In 2023, countries that imported more from Mongolia than Peru included Uzbekistan ($3.49M), Kyrgyzstan ($2.12M), and Fiji ($5.35k).

Difference in imports from Mongolia () and Peru () (2023)

Comparative Advantage Peru - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Mongolia in the exports of .

During 2018, Mongolia had a large net trade with Peru in the exports of Animal Hides ($16.5k) and Plastics and Rubbers ($13k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Mongolia+$161kGrapes

Top Product Potential Mongolia Peru+$22kTrunks and Cases

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Mongolia () (2023)

Exports from Mongolia () to Peru () (2023)

Latest Data

Trade between Peru () and Mongolia ()

Peru Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Peru () (2023)

Comparative Advantage Peru - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Mongolia () (2023)

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