Trinidad and Tobago (TTO) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

About

Trinidad and Tobago-Mongolia Trade: In 2022, Trinidad and Tobago exported $9.21k to Mongolia. The main products that Trinidad and Tobago exported to Mongolia were Hard Liquor ($8.86k), Sauces and Seasonings ($348), and Iron Fasteners ($3). Over the past 5 years the exports of Trinidad and Tobago to Mongolia have increased at an annualized rate of 12.6%, from $5.09k in 2017 to $9.21k in 2022.

In 2022, Trinidad and Tobago did not export any services to Mongolia.

Mongolia-Trinidad and Tobago In N/A, Mongolia did not export any products to Trinidad and Tobago.

In 2022, Mongolia did not export any services to Trinidad and Tobago.

Comparison In 2022, Trinidad and Tobago ranked 91 in total exports ($13.9B), 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, Trinidad and Tobago exported $9.21k to Mongolia. The main products exported from Trinidad and Tobago to Mongolia were Hard Liquor ($8.86k), Sauces and Seasonings ($348), and Iron Fasteners ($3). During the last 5 years the exports of Trinidad and Tobago to Mongolia have increased at an annualized rate of 12.6%, from $5.09k in 2017 to $9.21k in 2022.

Mongolia does not register exports to Trinidad and Tobago.

Exports from Trinidad and Tobago () to Mongolia () (2022)

Exports from Mongolia () to Trinidad and Tobago () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$4.91B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Trinidad and Tobago than Mongolia included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

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

Difference in imports from Mongolia () and Trinidad and Tobago () (2022)

Comparative Advantage Trinidad and Tobago - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Trinidad and Tobago had a large net trade with Mongolia in the exports of Foodstuffs ($9.21k) and Metals ($3).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Trinidad and Tobago Mongolia+$15.2kHard Liquor

Top Product Potential Mongolia Trinidad and Tobago+$2.39kCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

Exports from Trinidad and Tobago () to Mongolia () (2022)

Exports from Mongolia () to Trinidad and Tobago () (2022)

Market Competitiveness

Difference in imports from Mongolia () and Trinidad and Tobago () (2022)

Comparative Advantage Trinidad and Tobago - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Trinidad and Tobago () and Mongolia () (2022)

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