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2022
Flag → Flag
Exports $58.8MRnk 94 / 215
2022
Flag → Flag
Top Product $17.8MRefined Petroleum
2022
Flag → Flag
Exports $346MRnk 3 / 113
2022
Flag
Economic Complexity (ECI) ECI 1.53Rnk 5 / 124
2022
Flag
Economic Complexity (ECI) ECI -1.14Rnk 110 / 124
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Singapore-Mongolia In 2022, Singapore exported $58.8M to Mongolia. The main products that Singapore exported to Mongolia are Refined Petroleum ($17.8M), Hard Liquor ($5.32M), and Computers ($4.13M). During the last 27 years the exports of Singapore to Mongolia have increased at an annualized rate of 5.24%, from $14.8M in 1995 to $58.8M in 2022.

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

Mongolia-Singapore In 2022, Mongolia exported $346M to Singapore. The main products that Mongolia exported to Singapore were N/A. During the last 27 years the exports of Mongolia to Singapore have increased at an annualized rate of 44%, from $18.4k in 1995 to $346M in 2022.

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

Comparison In 2022,  Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $58.8M to Mongolia. The main products exported from Singapore to Mongolia were Refined Petroleum ($17.8M), Hard Liquor ($5.32M), and Computers ($4.13M). During the last 27 years the exports of Singapore to Mongolia have increased at an annualized rate of 5.24%, from $14.8M in 1995 to $58.8M in 2022.

In 2022, Mongolia exported $346M to Singapore. There were not main exports from Mongolia to Singapore in 2022. During the last 27 years the exports of Mongolia to Singapore have increased at an annualized rate of 44%, from $18.4k in 1995 to $346M in 2022.

Exports from Singapore (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Mongolia (Flag)

Singapore Exports

Mongolia Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Mongolia
Top DestinationChina$10.6B

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

In 2021, countries that imported more from Singapore than Mongolia were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2021, countries that imported more from Mongolia than Singapore were Kyrgyzstan ($2.34M).

Difference in imports from Mongolia (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Mongolia

Flow
Scale

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

During 2022, Singapore had a large net trade with Mongolia in the exports of Machines ($20.4M), Mineral Products ($17.8M), and Foodstuffs ($9.06M).

During 2022, Mongolia had a large net trade with Singapore in the exports of Mineral Products ($337M), Machines ($5.32M), and Transportation ($2.5M).

Economic Complexity

Competitive Landscape

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

Product Space of Singapore (Flag) and Mongolia (Flag) (2022)

Keep Exploring

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