Singapore (SGP) and Mongolia (MNG) Trade | OEC - The Observatory of Economic Complexity

About

Singapore-Mongolia In 2021, Singapore exported $64.1M to Mongolia. The main products that Singapore exported to Mongolia are Refined Petroleum ($12.4M), Combustion Engines ($5.52M), and Hard Liquor ($4.25M). During the last 26 years the exports of Singapore to Mongolia have increased at an annualized rate of 5.8%, from $14.8M in 1995 to $64.1M in 2021.

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

Mongolia-Singapore In 2021, Mongolia exported $255M to Singapore. The main products that Mongolia exported to Singapore were Coal Briquettes ($247M), Motor vehicles; parts and accessories (8701 to 8705) ($1.53M), and Combustion Engines ($1.23M). During the last 26 years the exports of Mongolia to Singapore have increased at an annualized rate of 44.3%, from $18.3k in 1995 to $255M in 2021.

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

Comparison In 2021, Singapore ranked 6 in the Economic Complexity Index (ECI 1.74), and 19 in total exports ($351B). That same year, Mongolia ranked 117 in the Economic Complexity Index (ECI -1.23), and 95 in total exports ($10.5B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Singapore exported $64.1M to Mongolia. The main products exported from Singapore to Mongolia were Refined Petroleum ($12.4M), Combustion Engines ($5.52M), and Hard Liquor ($4.25M). During the last 26 years the exports of Singapore to Mongolia have increased at an annualized rate of 5.8%, from $14.8M in 1995 to $64.1M in 2021.

In 2021, Mongolia exported $255M to Singapore. The main products exported from Mongolia to Singapore were Coal Briquettes ($247M), Motor vehicles; parts and accessories (8701 to 8705) ($1.53M), and Combustion Engines ($1.23M). During the last 26 years the exports of Mongolia to Singapore have increased at an annualized rate of 44.3%, from $18.3k in 1995 to $255M in 2021.

Latest Data

Singapore Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

SectionYear

Singapore
Top Destination: China, $56.8B

Mongolia
Top Destination: China, $7.64B

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 ($54.5B), China ($56.8B), and United States ($28.1B).

In 2019, no countries were registered that imported more from Mongolia than from Singapore.

Comparative Advantage Singapore - Mongolia

Flow

Scale

Year

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

During 2021, Singapore had a large net trade with Mongolia in the exports of Machines ($31.5M), Mineral Products ($12.4M), and Foodstuffs ($7M).

During 2021, Mongolia had a large net trade with Singapore in the exports of Mineral Products ($247M), Machines ($4.48M), and Transportation ($2.04M).

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Singapore Exports

Mongolia Exports

Market Competitiveness

Comparative Advantage Singapore - Mongolia

Economic Complexity

Competitive Landscape

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