2022
Flag  
GDP
$25.5TCURRENT US$
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2012-2022
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GDP GROWTH
56.7%CURRENT US$
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2022
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 GDP
$16.8BCURRENT US$
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2012-2022
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GDP GROWTH
36.8%CURRENT US$
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2022
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GDP PC 
$76,399CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
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2022
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GDP PC
$4,947CURRENT US$
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2012-2022
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GDP PC GROWTH
12.4%CURRENT US$
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About

United States-Mongolia In 2022, United States exported $241M to Mongolia. The main products that United States exported to Mongolia are Planes, Helicopters, and/or Spacecraft ($56.7M), Cars ($43M), and Delivery Trucks ($23.2M). During the last 27 years the exports of United States to Mongolia have increased at an annualized rate of 11.7%, from $12.2M in 1995 to $241M in 2022.

In 2022, United States did not export any services to Mongolia.

Mongolia-United States In 2022, Mongolia exported $24.2M to United States. The main products that Mongolia exported to United States were Other Nuts ($10.7M), Knit Sweaters ($4.43M), and Molybdenum Ore ($1.72M). During the last 27 years the exports of Mongolia to United States have decreased at an annualized rate of 0.12%, from $25M in 1995 to $24.2M in 2022.

In 2022, Mongolia did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B).

COMPANIES In 2023, leading companies such as were at the forefront of exporting goods from Mongolia to the United States. Conversely, were notable for importing Mongolia products to the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $241M to Mongolia. The main products exported from United States to Mongolia were Planes, Helicopters, and/or Spacecraft ($56.7M), Cars ($43M), and Delivery Trucks ($23.2M). During the last 27 years the exports of United States to Mongolia have increased at an annualized rate of 11.7%, from $12.2M in 1995 to $241M in 2022.

In 2022, Mongolia exported $24.2M to United States. The main products exported from Mongolia to United States were Other Nuts ($10.7M), Knit Sweaters ($4.43M), and Molybdenum Ore ($1.72M). During the last 27 years the exports of Mongolia to United States have decreased at an annualized rate of 0.12%, from $25M in 1995 to $24.2M in 2022.

Exports from United States (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Mongolia
Top Destination
China$10.6B

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

In 2021, countries that imported more from United States than Mongolia were Canada ($308B), Mexico ($294B), and China ($151B).

In 2019, no countries were registered that imported more from Mongolia than from United States.

Difference in imports from Mongolia (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Mongolia

Flow
Scale

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

During 2022, United States had a large net trade with Mongolia in the exports of Transportation ($133M), Machines ($46.2M), and Foodstuffs ($12.6M).

During 2022, Mongolia had a large net trade with United States in the exports of Vegetable Products ($10.7M), Textiles ($6.58M), and Mineral Products ($2.48M).

Economic Complexity

Competitive Landscape

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 United States has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over United States.

Product Space of United States (Flag) and Mongolia (Flag) (2022)

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