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
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

Chinese Taipei-Mongolia Trade: In 2022, Chinese Taipei exported $16.2M to Mongolia. The main products that Chinese Taipei exported to Mongolia were Other Plastic Products ($1.92M), Packaged Medicaments ($1.53M), and Awnings, Tents, and Sails ($1.51M). Over the past 5 years the exports of Chinese Taipei to Mongolia have increased at an annualized rate of 17.9%, from $7.1M in 2017 to $16.2M in 2022.

In 2022, Chinese Taipei did not export any services to Mongolia.

Mongolia-Chinese Taipei Trade: In 2022, Mongolia exported $1.1M to Chinese Taipei. The main products that Mongolia exported to Chinese Taipei were Tug Boats ($559k), Other Pure Vegetable Oils ($113k), and Knit Sweaters ($81.4k). Over the past 5 years the exports of Mongolia to Chinese Taipei have decreased at an annualized rate of 49.3%,  from $32.7M in 2017 to $1.1M in 2022.

In 2022, Mongolia did not export any services to Chinese Taipei.

Comparison: In 2022,  Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B). 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
Value

In 2022, Chinese Taipei exported $16.2M to Mongolia. The main products exported from Chinese Taipei to Mongolia were Other Plastic Products ($1.92M), Packaged Medicaments ($1.53M), and Awnings, Tents, and Sails ($1.51M). During the last 5 years the exports of Chinese Taipei to Mongolia have increased at an annualized rate of 17.9%, from $7.1M in 2017 to $16.2M in 2022.

In 2017, Mongolia exported $1.1M to Chinese Taipei. The main products exported from Mongolia to Chinese Taipei were Tug Boats ($559k), Other Pure Vegetable Oils ($113k), and Knit Sweaters ($81.4k). During the last 5 years the exports of Mongolia to Chinese Taipei have decreased at an annualized rate of 49.3%, from $32.7M in 2022 to $1.1M in 2017.

Exports from Chinese Taipei (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to Chinese Taipei (Flag) (2022)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$121B
Mongolia
Top Destination
China$10.6B

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

In 2022, countries that imported more from Chinese Taipei than Mongolia included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

In 2022, countries that imported more from Mongolia than Chinese Taipei included Switzerland ($1.98B).

Difference in imports from Mongolia (Flag) and Chinese Taipei (Flag) (2022)

Comparative Advantage Chinese Taipei - Mongolia

Flow
Scale

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

During 2022, Chinese Taipei had a large net trade with Mongolia in the exports of Machines ($5M), Plastics and Rubbers ($3.66M), and Chemical Products ($1.8M).

During 2017, Mongolia had a large net trade with Chinese Taipei in the exports of Transportation ($564k), Textiles ($320k), and Animal and Vegetable Bi-Products ($113k).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Mongolia (Flag) (2022)

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