Uruguay (URY) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Uruguay-Mongolia Trade: In 2022, Uruguay exported $709k to Mongolia. The main products that Uruguay exported to Mongolia were Concentrated Milk ($631k), Cheese ($68.2k), and Butter ($9.24k). Over the past 5 years the exports of Uruguay to Mongolia have increased at an annualized rate of 105%, from $19.5k in 2017 to $709k in 2022.

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

Mongolia-Uruguay Trade: In 2022, Mongolia exported $765 to Uruguay. The main products that Mongolia exported to Uruguay were Motor vehicles; parts and accessories (8701 to 8705) ($704) and Scarves ($61). Over the past 5 years the exports of Mongolia to Uruguay have increased at an annualized rate of 73.8%, from $16 in 2017 to $765 in 2022.

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

Comparison: In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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, Uruguay exported $709k to Mongolia. The main products exported from Uruguay to Mongolia were Concentrated Milk ($631k), Cheese ($68.2k), and Butter ($9.24k). During the last 5 years the exports of Uruguay to Mongolia have increased at an annualized rate of 105%, from $19.5k in 2017 to $709k in 2022.

In 2017, Mongolia exported $765 to Uruguay. The main products exported from Mongolia to Uruguay were Motor vehicles; parts and accessories (8701 to 8705) ($704) and Scarves ($61). During the last 5 years the exports of Mongolia to Uruguay have increased at an annualized rate of 73.8%, from $16 in 2022 to $765 in 2017.

Exports from Uruguay () to Mongolia () (2022)

Exports from Mongolia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Mongolia ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Uruguay than Mongolia included Brazil ($1.69B), Argentina ($999M), and United States ($818M).

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

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

Comparative Advantage Uruguay - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Mongolia in the exports of Animal Products ($709k).

During 2017, Mongolia had a large net trade with Uruguay in the exports of Transportation ($704) and Textiles ($61).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Mongolia+$145kConcentrated Milk

Top Product Potential Mongolia Uruguay+$3.41kMotor vehicles; parts and accessories (8701 to 8705)

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 Uruguay and Mongolia. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Uruguay.

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Mongolia () (2022)

Exports from Mongolia () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Mongolia ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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