Flag Chinese Taipei / Mongolia Flag

2021
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Exports
: $12.9M, Rnk 129 / 213

2021
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Top Product
: $1.34M, Electric Furnaces

2021
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Exports
: $14.7M, Rnk 10 / 105

2021
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Top Product
: $14.3M, Refined Copper

2021
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Economic Complexity (ECI)
: ECI 1.93, Rnk 3 / 131

2021
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Economic Complexity (ECI)
: ECI -1.23, Rnk 117 / 131

2021
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 GDP
: $15.1B, CURRENT US$
Rnk 123 / 182

2011-2021
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GDP GROWTH
: 45%, CURRENT US$
Rnk 61 / 182

2021
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GDP PC
: $4,535, CURRENT US$
Rnk 107 / 182

2011-2021
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GDP PC GROWTH
: 20.7%, CURRENT US$
Rnk 71 / 182

Chinese Taipei-Mongolia In 2021, Chinese Taipei exported $12.9M to Mongolia. The main products that Chinese Taipei exported to Mongolia are Electric Furnaces ($1.34M), Office Machine Parts ($1.18M), and Broadcasting Equipment ($1.16M). During the last 25 years the exports of Chinese Taipei to Mongolia have increased at an annualized rate of 18.5%, from $184k in 1996 to $12.9M in 2021.

In 2021, Chinese Taipei did not export any services to Mongolia.

Mongolia-Chinese Taipei In 2021, Mongolia exported $14.7M to Chinese Taipei. The main products that Mongolia exported to Chinese Taipei were Refined Copper ($14.3M), Chemical Analysis Instruments ($108k), and Other Pure Vegetable Oils ($91.6k). During the last 25 years the exports of Mongolia to Chinese Taipei have increased at an annualized rate of 17.3%, from $270k in 1996 to $14.7M in 2021.

In 2021, Mongolia did not export any services to Chinese Taipei.

Comparison In 2021,  Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.93), and 11 in total exports ($478B). That same year, Mongolia ranked 117 in the Economic Complexity Index (ECI -1.23), and 95 in total exports ($10.5B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Chinese Taipei exported $12.9M to Mongolia. The main products exported from Chinese Taipei to Mongolia were Electric Furnaces ($1.34M), Office Machine Parts ($1.18M), and Broadcasting Equipment ($1.16M). During the last 25 years the exports of Chinese Taipei to Mongolia have increased at an annualized rate of 18.5%, from $184k in 1996 to $12.9M in 2021.

In 2021, Mongolia exported $14.7M to Chinese Taipei. The main products exported from Mongolia to Chinese Taipei were Refined Copper ($14.3M), Chemical Analysis Instruments ($108k), and Other Pure Vegetable Oils ($91.6k). During the last 25 years the exports of Mongolia to Chinese Taipei have increased at an annualized rate of 17.3%, from $270k in 1996 to $14.7M in 2021.

Mongolia Exports

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Market Competitiveness

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Color

Chinese Taipei
Top Destination
: China, $126B

Mongolia
Top Destination
: China, $7.64B

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 2021, countries that imported more from Chinese Taipei than Mongolia were China ($126B), United States ($70.9B), and Hong Kong ($63.6B).

In 2021, countries that imported more from Mongolia than Chinese Taipei were Switzerland ($1.97B).

Comparative Advantage Chinese Taipei - Mongolia

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Flow
Scale

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

During 2021, Chinese Taipei had a large net trade with Mongolia in the exports of Machines ($6.96M), Chemical Products ($1.7M), and Plastics and Rubbers ($818k).

During 2021, Mongolia had a large net trade with Chinese Taipei in the exports of Metals ($14.3M), Textiles ($160k), and Instruments ($109k).

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 yellow.  This mean that the more blue a dot/product is, the more Chinese Taipei has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Chinese Taipei.