Flag Russia / Mongolia Flag

2021
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Exports
: $1.81B, Rnk 44 / 192

2021
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Top Product
: $878M, Refined Petroleum

2021
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Exports
: $114M, Rnk 5 / 105

2021
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Top Product
: $55.6M, Precious Metal Ore

2021
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Economic Complexity (ECI)
: ECI 0.46, Rnk 45 / 131

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

2021
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GDP
: $1.78T, CURRENT US$
Rnk 11 / 182

2011-2021
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GDP GROWTH
: -13.2%, CURRENT US$
Rnk 167 / 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 
: $12,173, CURRENT US$
Rnk 61 / 182

2011-2021
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GDP PC GROWTH
: -14.9%, CURRENT US$
Rnk 153 / 182

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

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

Russia-Mongolia In 2021, Russia exported $1.81B to Mongolia. The main products that Russia exported to Mongolia are Refined Petroleum ($878M), Raw Iron Bars ($91.2M), and Wheat ($49.4M). During the last 25 years the exports of Russia to Mongolia have increased at an annualized rate of 8.84%, from $218M in 1996 to $1.81B in 2021.

In 2020, Russia exported services to Mongolia worth $97.4M, with Communications services ($44.9M), Transportation ($27.1M), and Travel ($12.9M) being the largest in terms of value.

Mongolia-Russia In 2021, Mongolia exported $114M to Russia. The main products that Mongolia exported to Russia were Precious Metal Ore ($55.6M), Feldspar ($45.1M), and Knit Socks and Hosiery ($2.23M). During the last 25 years the exports of Mongolia to Russia have decreased at an annualized rate of 3.3%, from $264M in 1996 to $114M in 2021.

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

Comparison In 2021,  Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). 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, Russia exported $1.81B to Mongolia. The main products exported from Russia to Mongolia were Refined Petroleum ($878M), Raw Iron Bars ($91.2M), and Wheat ($49.4M). During the last 25 years the exports of Russia to Mongolia have increased at an annualized rate of 8.84%, from $218M in 1996 to $1.81B in 2021.

In 2021, Mongolia exported $114M to Russia. The main products exported from Mongolia to Russia were Precious Metal Ore ($55.6M), Feldspar ($45.1M), and Knit Socks and Hosiery ($2.23M). During the last 25 years the exports of Mongolia to Russia have decreased at an annualized rate of 3.3%, from $264M in 1996 to $114M in 2021.

Market Competitiveness

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Color

Russia
Top Destination
: China, $70.9B

Mongolia
Top Destination
: China, $7.64B

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

In 2021, countries that imported more from Russia than Mongolia were China ($70.9B), Netherlands ($39B), and United States ($27.4B).

In 2021, countries that imported more from Mongolia than Russia were Iran ($1.73M).

Comparative Advantage Russia - Mongolia

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Flow
Scale

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

During 2021, Russia had a large net trade with Mongolia in the exports of Mineral Products ($941M), Foodstuffs ($176M), and Metals ($133M).

During 2021, Mongolia had a large net trade with Russia in the exports of Mineral Products ($101M), Textiles ($7.32M), and Machines ($2.03M).

Bilateral Service Trade

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In 2020, Russia exported services to Mongolia worth $97.4M, with Communications services ($44.9M), Transportation ($27.1M), and Travel ($12.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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 Russia has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Russia.