2022
Flag  
GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC 
$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH
-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

Turkey-Mongolia In 2022, Turkey exported $102M to Mongolia. The main products that Turkey exported to Mongolia are Jewellery ($13.5M), Electric Heaters ($9.33M), and Iron Radiators ($6.89M). During the last 27 years the exports of Turkey to Mongolia have increased at an annualized rate of 14.6%, from $2.6M in 1995 to $102M in 2022.

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

Mongolia-Turkey In 2022, Mongolia exported $2.17M to Turkey. The main products that Mongolia exported to Turkey were Tanned Goat Hides ($1.34M), Tanned Equine and Bovine Hides ($250k), and Other Nuts ($150k). During the last 27 years the exports of Mongolia to Turkey have increased at an annualized rate of 10.5%, from $148k in 1995 to $2.17M in 2022.

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

Comparison In 2022,  Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B). 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, Turkey exported $102M to Mongolia. The main products exported from Turkey to Mongolia were Jewellery ($13.5M), Electric Heaters ($9.33M), and Iron Radiators ($6.89M). During the last 27 years the exports of Turkey to Mongolia have increased at an annualized rate of 14.6%, from $2.6M in 1995 to $102M in 2022.

In 2022, Mongolia exported $2.17M to Turkey. The main products exported from Mongolia to Turkey were Tanned Goat Hides ($1.34M), Tanned Equine and Bovine Hides ($250k), and Other Nuts ($150k). During the last 27 years the exports of Mongolia to Turkey have increased at an annualized rate of 10.5%, from $148k in 1995 to $2.17M in 2022.

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

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

Latest Data

Trade between Turkey (Flag) and Mongolia (Flag)

Turkey Exports

Mongolia Exports

Market Competitiveness

Color
Turkey
Top Destination
Germany$21.9B
Mongolia
Top Destination
China$10.6B

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 2021, countries that imported more from Turkey than Mongolia were Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2021, countries that imported more from Mongolia than Turkey were China ($10.6B) and Switzerland ($1.98B).

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

Comparative Advantage Turkey - Mongolia

Flow
Scale

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

During 2022, Turkey had a large net trade with Mongolia in the exports of Machines ($18.8M), Foodstuffs ($15.6M), and Precious Metals ($14.3M).

During 2022, Mongolia had a large net trade with Turkey in the exports of Animal Hides ($1.65M), Textiles ($185k), and Vegetable Products ($150k).

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

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with