Russia (RUS) and Mongolia (MNG) Trade | OEC - The Observatory of Economic Complexity

About

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).

Latest Trends

#

January, 2022

About

#

Overview In January 2022, Russia exported $99.8M and imported $2.16M from Mongolia, resulting in a positive trade balance of $97.6M. Between January 2021 and January 2022 the exports of Russia have increased by $752k (0.76%) from $99M to $99.8M, while imports decreased by $-1.98M (-47.8%) from $4.14M to $2.16M.

Trade In January 2022, the top exports of Russia to Mongolia were Refined Petroleum ($45.8M), Wheat ($20.5M), Nitrogenous Fertilizers ($3.19M), Electricity ($2.76M), and Seed Oils ($2.48M). In January 2022 the top imports of Russia from Mongolia were Feldspar ($3.32M), Iron Railway Products ($271k), Knit Socks and Hosiery ($110k), Knit Sweaters ($75.8k), and Hard Liquor ($65.2k).

Origins In January 2022 the exports of Russia were mainly from KEMEROVO REGION ($23.6M), SAMARA REGION ($13.9M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($11.6M), IRKUTSK REGION ($5.25M), and REPUBLIC OF BURYATIA ($4.4M), while imports destinations were mainly IRKUTSK REGION ($540k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($258k), KEMEROVO REGION ($209k), REPUBLIC OF BURYATIA ($151k), and PERM TERRITORY ($134k).

Growth In January 2022, the increase in Russia's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Wheat ($20.4M or 27.7k%), Seed Oils ($1.89M or 320%), and Soybean Oil ($766k or 1.44k%). In January 2022, the decrease in Russia's year-by-year imports from Mongolia was explained primarily by an decrease in product imports in Electricity ($-5.38k or -14.5%) and Other Non-Knit Clothing Accessories ($-415 or -30.1%).

Latest Trade

#

Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2021 - January 2022): $752k, (0.76%)

IMPORT GROWTH (January 2021 - January 2022): $-1.98M, (-47.8%)

MAIN EXPORTER (January 2022): KEMEROVO REGION, $23.6M

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

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

For full datasets download visit Bulk Download page.

Explore Mongolia and Russia Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

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

#

Color

SectionYear

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

#

Flow

Scale

Year

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).

Service Trade

#

Bilateral Service Trade

#

Rus Year

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

#

Competitive Landscape

#

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - Mongolia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles