Saudi Arabia (SAU) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Mongolia Trade: In 2022, Saudi Arabia exported $6.73M to Mongolia. The main products that Saudi Arabia exported to Mongolia were Raw Sugar ($6.63M), Confectionery Sugar ($38.1k), and Paper Containers ($35.2k). Over the past 5 years the exports of Saudi Arabia to Mongolia have increased at an annualized rate of 66.7%, from $523k in 2017 to $6.73M in 2022.

In 2022, Saudi Arabia did not export any services to Mongolia.

Mongolia-Saudi Arabia Trade: In 2022, Mongolia exported $672k to Saudi Arabia. The main products that Mongolia exported to Saudi Arabia were Other Animals ($672k). Over the past 5 years the exports of Mongolia to Saudi Arabia have decreased at an annualized rate of 5.31%, from $1.22M in 2017 to $672k in 2022.

In 2022, Mongolia did not export any services to Saudi Arabia.

Comparison: In 2022, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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, Saudi Arabia exported $6.73M to Mongolia. The main products exported from Saudi Arabia to Mongolia were Raw Sugar ($6.63M), Confectionery Sugar ($38.1k), and Paper Containers ($35.2k). During the last 5 years the exports of Saudi Arabia to Mongolia have increased at an annualized rate of 66.7%, from $523k in 2017 to $6.73M in 2022.

In 2017, Mongolia exported $672k to Saudi Arabia. The main products exported from Mongolia to Saudi Arabia were Other Animals ($672k). During the last 5 years the exports of Mongolia to Saudi Arabia have decreased at an annualized rate of 5.31%, from $1.22M in 2022 to $672k in 2017.

Exports from Saudi Arabia () to Mongolia () (2022)

Exports from Mongolia () to Saudi Arabia () (2022)

Latest Data

Trade between Saudi Arabia () and Mongolia ()

Saudi Arabia Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$68B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Saudi Arabia than Mongolia included China ($68B), India ($46.2B), and Japan ($36.5B).

In 2022, countries that imported more from Mongolia than Saudi Arabia included Switzerland ($1.98B), Russia ($112M), and Iran ($7.39M).

Difference in imports from Mongolia () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Saudi Arabia had a large net trade with Mongolia in the exports of Foodstuffs ($6.67M), Paper Goods ($35.2k), and Vegetable Products ($16.4k).

During 2017, Mongolia had a large net trade with Saudi Arabia in the exports of Animal Products ($672k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Mongolia+$61.6kPaper Containers

Top Product Potential Mongolia Saudi Arabia+$7.51kGold

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 Saudi Arabia and Mongolia. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Saudi Arabia.

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Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Mongolia () (2022)

Exports from Mongolia () to Saudi Arabia () (2022)

Latest Data

Trade between Saudi Arabia () and Mongolia ()

Saudi Arabia Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Mongolia () (2022)

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