Flag Turkey / Mongolia Flag

2019
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Exports
: $43.7M, Rnk 140 / 213

2019
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Top Product
: $5.65M, Electric Heaters

2019
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Exports
: $2.62M, Rnk 22 / 102

2019
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Top Product
: $1.92M, Refined Petroleum

2019
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Economic Complexity (ECI)
: ECI 0.65, Rnk 40 / 146

2019
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Economic Complexity (ECI)
: ECI -1.09, Rnk 125 / 146

2019
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GDP
: $761B, CURRENT US$
Rnk 19 / 187

2009-2019
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GDP GROWTH
: 17.3%, CURRENT US$
Rnk 153 / 187

2019
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 GDP
: $14B, CURRENT US$
Rnk 128 / 187

2009-2019
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GDP GROWTH
: 205%, CURRENT US$
Rnk 3 / 187

2019
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GDP PC 
: $9,127, CURRENT US$
Rnk 77 / 187

2009-2019
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GDP PC GROWTH
: 0.25%, CURRENT US$
Rnk 159 / 187

2019
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GDP PC
: $4,340, CURRENT US$
Rnk 114 / 187

2009-2019
Flag
GDP PC GROWTH
: 153%, CURRENT US$
Rnk 5 / 187

Turkey-Mongolia In 2019, Turkey exported $43.7M to Mongolia. The main products that Turkey exported to Mongolia are Electric Heaters ($5.65M), Iron Radiators ($4.59M), and Jewellery ($4.35M). During the last 24 years the exports of Turkey to Mongolia have increased at an annualized rate of 12.5%, from $2.6M in 1995 to $43.7M in 2019.

In 2019, Turkey did not export any services to Mongolia.

Mongolia-Turkey In 2019, Mongolia exported $2.62M to Turkey . The main products that Mongolia exported to Turkey were Refined Petroleum ($1.92M), Tanned Goat Hides ($275k), and Electric Batteries ($110k). During the last 24 years the exports of Mongolia to Turkey have increased at an annualized rate of 12.7%, from $148k in 1995 to $2.62M in 2019.

In 2019, Mongolia did not export any services to Turkey.

Comparison In 2019,  Turkey ranked 40 in the Economic Complexity Index (ECI 0.65), and 29 in total exports ($187B). That same year, Mongolia ranked 125 in the Economic Complexity Index (ECI -1.09), and 95 in total exports ($8.17B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Turkey exported $43.7M to Mongolia. The main products exported from Turkey to Mongolia were Electric Heaters ($5.65M), Iron Radiators ($4.59M), and Jewellery ($4.35M). During the last 24 years the exports of Turkey to Mongolia have increased at an annualized rate of 12.5%, from $2.6M in 1995 to $43.7M in 2019.

In 2019, Mongolia exported $2.62M to Turkey. The main products exported from Mongolia to Turkey were Refined Petroleum ($1.92M), Tanned Goat Hides ($275k), and Electric Batteries ($110k). During the last 24 years the exports of Mongolia to Turkey have increased at an annualized rate of 12.7%, from $148k in 1995 to $2.62M in 2019.

Turkey Exports

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Mongolia Exports

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Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.8B

Mongolia
Top Destination
: China, $6.59B

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

In 2019, countries that imported more from Turkey than Mongolia were Germany ($16.8B), United Kingdom ($12.1B), and Iraq ($10.2B).

In 2019, countries that imported more from Mongolia than Turkey were China ($6.59B) and North Korea ($3.19M).

Comparative Advantage Turkey - Mongolia

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Depth

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

During 2019, Turkey had a large net trade with Mongolia in the exports of Machines ($13.3M), Metals ($7.02M), and Foodstuffs ($6.68M).

During 2019, Mongolia had a large net trade with Turkey in the exports of Mineral Products ($1.92M), Animal Hides ($332k), and Textiles ($155k).

Tariff Section

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This section shows import tariffs for products traded between Turkey and Mongolia (using the HS6 product classification and the last year reported).

In 2018, the products from Turkey that paid the highest import tariffs to enter Mongolia were Bovine cuts boneless, fresh or chilled (225%) and Bovine cuts boneless, frozen (225%).

In 2018, the products from Mongolia that paid the highest import tariffs to enter Turkey were Vodka (40%) and Liqueurs and cordials (40%).

*The tariffs present between Turkey and Mongolia are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
383: Turkey Generalized System of Preference

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Turkey has comparative advantage over Mongolia. Similarly, the more red a dot/product is, the more Mongolia has comparative advantage over Turkey.