2023
Flag
 GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC
$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

Chinese Taipei-Mongolia Trade: In 2023, Chinese Taipei exported $5.38M to Mongolia. The main products that Chinese Taipei exported to Mongolia were Awnings, Tents, and Sails ($875k), Office Machine Parts ($686k), and Blank Audio Media ($416k). Over the past 5 years the exports of Chinese Taipei to Mongolia have decreased at an annualized rate of 17%, from $13.7M in 2018 to $5.38M in 2023.

In 2023, Chinese Taipei did not export any services to Mongolia.

Mongolia-Chinese Taipei Trade: In 2023, Mongolia exported $27.8M to Chinese Taipei. The main products that Mongolia exported to Chinese Taipei were Refined Copper ($27.2M), Knit Sweaters ($308k), and Other Pure Vegetable Oils ($98k). Over the past 5 years the exports of Mongolia to Chinese Taipei have decreased at an annualized rate of 1.84%,  from $30.5M in 2018 to $27.8M in 2023.

In 2023, Mongolia did not export any services to Chinese Taipei.

Comparison: In 2023,  Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B). 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, Chinese Taipei exported $5.38M to Mongolia. The main products exported from Chinese Taipei to Mongolia were Awnings, Tents, and Sails ($875k), Office Machine Parts ($686k), and Blank Audio Media ($416k). During the last 5 years the exports of Chinese Taipei to Mongolia have decreased at an annualized rate of 17%, from $13.7M in 2018 to $5.38M in 2023.

In 2018, Mongolia exported $27.8M to Chinese Taipei. The main products exported from Mongolia to Chinese Taipei were Refined Copper ($27.2M), Knit Sweaters ($308k), and Other Pure Vegetable Oils ($98k). During the last 5 years the exports of Mongolia to Chinese Taipei have decreased at an annualized rate of 1.84%, from $30.5M in 2023 to $27.8M in 2018.

Exports from Chinese Taipei (Flag) to Mongolia (Flag) (2023)

Exports from Mongolia (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Mongolia
Top Destination
China$13.1B

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 2023, countries that imported more from Chinese Taipei than Mongolia included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

In 2023, no countries were registered that imported more from Mongolia than from Chinese Taipei.

Difference in imports from Mongolia (Flag) and Chinese Taipei (Flag) (2023)

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 2023, Chinese Taipei had a large net trade with Mongolia in the exports of Machines ($2.58M), Textiles ($901k), and Plastics and Rubbers ($590k).

During 2018, Mongolia had a large net trade with Chinese Taipei in the exports of Metals ($27.2M), Textiles ($363k), and Animal and Vegetable Bi-Products ($98k).

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) (2023)

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