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2023
Flag → Flag
Exports $105MRnk 125 / 216
2023
Flag → Flag
Top Product $14.4MJewellery
2023
Flag → Flag
Exports $2.81MRnk 18 / 101
2023
Flag → Flag
Top Product $1.05MTanned Goat Hides
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Turkey-Mongolia Trade: In 2023, Turkey exported $105M to Mongolia. The main products that Turkey exported to Mongolia were Jewellery ($14.4M), Confectionery Sugar ($6.62M), and Electric Heaters ($5.1M). Over the past 5 years the exports of Turkey to Mongolia have increased at an annualized rate of 21.2%, from $40.2M in 2018 to $105M in 2023.

In 2023, Turkey did not export any services to Mongolia.

Mongolia-Turkey Trade: In 2023, Mongolia exported $2.81M to Turkey. The main products that Mongolia exported to Turkey were Tanned Goat Hides ($1.05M), Other Nuts ($480k), and Tanned Sheep Hides ($280k). Over the past 5 years the exports of Mongolia to Turkey have decreased at an annualized rate of 12.8%,  from $5.58M in 2018 to $2.81M in 2023.

In 2023, Mongolia did not export any services to Turkey.

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $105M to Mongolia. The main products exported from Turkey to Mongolia were Jewellery ($14.4M), Confectionery Sugar ($6.62M), and Electric Heaters ($5.1M). During the last 5 years the exports of Turkey to Mongolia have increased at an annualized rate of 21.2%, from $40.2M in 2018 to $105M in 2023.

In 2018, Mongolia exported $2.81M to Turkey. The main products exported from Mongolia to Turkey were Tanned Goat Hides ($1.05M), Other Nuts ($480k), and Tanned Sheep Hides ($280k). During the last 5 years the exports of Mongolia to Turkey have decreased at an annualized rate of 12.8%, from $5.58M in 2023 to $2.81M in 2018.

Exports from Turkey (Flag) to Mongolia (Flag) (2023)

Exports from Mongolia (Flag) to Turkey (Flag) (2023)

Latest Data

Trade between Turkey (Flag) and Mongolia (Flag)

Turkey Exports

Mongolia Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Mongolia
Top DestinationChina$13.1B

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 2023, countries that imported more from Turkey than Mongolia included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Mongolia than Turkey included China ($13.1B).

Difference in imports from Mongolia (Flag) and Turkey (Flag) (2023)

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 2023, Turkey had a large net trade with Mongolia in the exports of Machines ($23.6M), Foodstuffs ($17.9M), and Metals ($15.5M).

During 2018, Mongolia had a large net trade with Turkey in the exports of Animal Hides ($1.52M), Vegetable Products ($489k), and Textiles ($301k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Turkey and Mongolia. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Turkey.

Product Space of Turkey (Flag) and Mongolia (Flag) (2023)

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