Sierra Leone (SLE) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Sierra Leone-Mongolia Trade: In 2022, Sierra Leone exported $207k to Mongolia. The main products that Sierra Leone exported to Mongolia were Valves ($105k), Electric Motors ($86.5k), and Electric Heaters ($6.51k). Over the past 6 years the exports of Sierra Leone to Mongolia have increased at an annualized rate of 93.9%, from $3.9k in 2016 to $207k in 2022.

In 2022, Sierra Leone did not export any services to Mongolia.

Mongolia-Sierra Leone In N/A, Mongolia did not export any products to Sierra Leone.

In 2022, Mongolia did not export any services to Sierra Leone.

Comparison In 2022, Sierra Leone ranked 159 in total exports ($1.15B), and does not have data regarding Economic Complexity Index. 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, Sierra Leone exported $207k to Mongolia. The main products exported from Sierra Leone to Mongolia were Valves ($105k), Electric Motors ($86.5k), and Electric Heaters ($6.51k). During the last 6 years the exports of Sierra Leone to Mongolia have increased at an annualized rate of 93.9%, from $3.9k in 2016 to $207k in 2022.

Mongolia does not register exports to Sierra Leone.

Exports from Sierra Leone () to Mongolia () (2022)

Exports from Mongolia () to Sierra Leone () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sierra Leone
Top DestinationChina$622M

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Sierra Leone than Mongolia included Belgium ($136M), United Arab Emirates ($64.6M), and Netherlands ($43.2M).

In 2022, countries that imported more from Mongolia than Sierra Leone included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia () and Sierra Leone () (2022)

Comparative Advantage Sierra Leone - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sierra Leone had a large net trade with Mongolia in the exports of Machines ($203k), Metals ($3.38k), and Transportation ($524).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sierra Leone Mongolia+$7.26kElectric Heaters

Top Product Potential Mongolia Sierra Leone+$767Cars

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

About

Historical Data

Bilateral Trade by Products

Exports from Sierra Leone () to Mongolia () (2022)

Exports from Mongolia () to Sierra Leone () (2022)

Market Competitiveness

Difference in imports from Mongolia () and Sierra Leone () (2022)

Comparative Advantage Sierra Leone - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sierra Leone () and Mongolia () (2022)

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