Ukraine (UKR) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Ukraine-Mongolia Trade: In 2022, Ukraine exported $11M to Mongolia. The main products that Ukraine exported to Mongolia were Toilet Paper ($2.93M), Baked Goods ($1.36M), and Packaged Medicaments ($629k). Over the past 5 years the exports of Ukraine to Mongolia have decreased at an annualized rate of 15.3%, from $25.2M in 2017 to $11M in 2022.

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

Mongolia-Ukraine Trade: In 2022, Mongolia exported $41k to Ukraine. The main products that Mongolia exported to Ukraine were Knit Women's Shirts ($7.89k), Knit Women's Suits ($6.2k), and Knit Sweaters ($5.95k). Over the past 5 years the exports of Mongolia to Ukraine have decreased at an annualized rate of 28.7%, from $222k in 2017 to $41k in 2022.

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

Comparison: In 2022, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ukraine exported $11M to Mongolia. The main products exported from Ukraine to Mongolia were Toilet Paper ($2.93M), Baked Goods ($1.36M), and Packaged Medicaments ($629k). During the last 5 years the exports of Ukraine to Mongolia have decreased at an annualized rate of 15.3%, from $25.2M in 2017 to $11M in 2022.

In 2017, Mongolia exported $41k to Ukraine. The main products exported from Mongolia to Ukraine were Knit Women's Shirts ($7.89k), Knit Women's Suits ($6.2k), and Knit Sweaters ($5.95k). During the last 5 years the exports of Mongolia to Ukraine have decreased at an annualized rate of 28.7%, from $222k in 2022 to $41k in 2017.

Exports from Ukraine () to Mongolia () (2022)

Exports from Mongolia () to Ukraine () (2022)

Latest Data

Trade between Ukraine () and Mongolia ()

Ukraine Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$6.7B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Ukraine than Mongolia included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

In 2022, countries that imported more from Mongolia than Ukraine included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia () and Ukraine () (2022)

Comparative Advantage Ukraine - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ukraine had a large net trade with Mongolia in the exports of Paper Goods ($3.19M), Foodstuffs ($2.79M), and Chemical Products ($1.14M).

During 2017, Mongolia had a large net trade with Ukraine in the exports of Textiles ($36.2k), Footwear and Headwear ($4.6k), and Machines ($138).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ukraine Mongolia+$672kSeed Oils

Top Product Potential Mongolia Ukraine+$20kKnit Women's Suits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to Mongolia () (2022)

Exports from Mongolia () to Ukraine () (2022)

Latest Data

Trade between Ukraine () and Mongolia ()

Ukraine Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Ukraine () (2022)

Comparative Advantage Ukraine - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ukraine () and Mongolia () (2022)

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