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

- Chat OEC
  New
- Company Explorer
  PREMIUM
- Trend Explorer
  PRO
- - Tree map
  - Stacked
  - Network
  - Map
  - Scatter
- Data Availability
- - API Documentation
    PRO
  - Notebooks
  - Data Explorer
    PRO
- - Bill of Lading
    PREMIUM
  - National Datasets
    PREMIUM
  - Product Datasets
  - International Datasets
- - ECI Countries (2022)
  - PCI Products (2022)
  - ECI, PCI (1964-2017)
- - Pick 5
  - Connectrade
  - Tradle
  - Trivia
- - Store

Pricing

Russia (RUS) and Mongolia (MNG) Trade

2022

→

Exports $2.44BRnk 33 / 138

2022

→

About

Russia-Mongolia Trade: In 2022, Russia exported $2.44B to Mongolia. The main products that Russia exported to Mongolia were Refined Petroleum ($1.43B), Raw Iron Bars ($117M), and Nitrogenous Fertilizers ($108M). Over the past 5 years the exports of Russia to Mongolia have increased at an annualized rate of 8.85%, from $1.6B in 2017 to $2.44B in 2022.

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 Trade: In 2022, Mongolia exported $112M to Russia. The main products that Mongolia exported to Russia were Feldspar ($46.5M), Planes, Helicopters, and/or Spacecraft ($28.5M), and Rubber Tires ($7.59M). Over the past 5 years the exports of Mongolia to Russia have increased at an annualized rate of 10.8%, from $67.3M in 2017 to $112M in 2022.

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

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

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

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

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

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $2.44B to Mongolia. The main products exported from Russia to Mongolia were Refined Petroleum ($1.43B), Raw Iron Bars ($117M), and Nitrogenous Fertilizers ($108M). During the last 5 years the exports of Russia to Mongolia have increased at an annualized rate of 8.85%, from $1.6B in 2017 to $2.44B in 2022.

In 2017, Mongolia exported $112M to Russia. The main products exported from Mongolia to Russia were Feldspar ($46.5M), Planes, Helicopters, and/or Spacecraft ($28.5M), and Rubber Tires ($7.59M). During the last 5 years the exports of Mongolia to Russia have increased at an annualized rate of 10.8%, from $67.3M in 2022 to $112M in 2017.

Exports from Russia () to Mongolia () (2022)

Exports from Mongolia () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Mongolia
Top DestinationChina$10.6B

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 2022, countries that imported more from Russia than Mongolia included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Mongolia than Russia included Iran ($7.39M), Saudi Arabia ($672k), and Sudan ($419k).

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

Comparative Advantage Russia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Mongolia in the exports of Mineral Products ($1.52B), Chemical Products ($179M), and Metals ($163M).

During 2017, Mongolia had a large net trade with Russia in the exports of Mineral Products ($53.5M), Transportation ($31.5M), and Plastics and Rubbers ($8.05M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Mongolia+$9.84MPetroleum Gas

Top Product Potential Mongolia Russia+$3.46MPrecious Metal Ore

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

Economic Complexity

Competitive Landscape

Year

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

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

Keep Exploring

Russia
Malaysia
Russia
Nepal
Romania
Mongolia
Norway
Mongolia

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world

Follow @OECtoday on

Created, Designed, and Developed by:

In collaboration with

About the OEC Privacy Policy Terms