Albania (ALB) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Albania-Mongolia Trade: In 2022, Albania exported $406k to Mongolia. The main products that Albania exported to Mongolia were Leather Footwear ($226k), Baked Goods ($67.2k), and Non-Knit Women's Suits ($38.6k). Over the past 5 years the exports of Albania to Mongolia have increased at an annualized rate of 10.4%, from $247k in 2017 to $406k in 2022.

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

Mongolia-Albania In N/A, Mongolia did not export any products to Albania.

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

Comparison: In 2022, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). 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, Albania exported $406k to Mongolia. The main products exported from Albania to Mongolia were Leather Footwear ($226k), Baked Goods ($67.2k), and Non-Knit Women's Suits ($38.6k). During the last 5 years the exports of Albania to Mongolia have increased at an annualized rate of 10.4%, from $247k in 2017 to $406k in 2022.

Mongolia does not register exports to Albania.

Exports from Albania () to Mongolia () (2022)

Exports from Mongolia () to Albania () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.75B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Albania than Mongolia included Italy ($1.75B), Greece ($421M), and Spain ($309M).

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

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

Comparative Advantage Albania - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Albania had a large net trade with Mongolia in the exports of Footwear and Headwear ($239k), Textiles ($87.6k), and Foodstuffs ($69.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Albania Mongolia+$134kLeather Footwear

Top Product Potential Mongolia Albania+$2.11kCoal Briquettes

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

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Historical Data

Bilateral Trade by Products

Exports from Albania () to Mongolia () (2022)

Exports from Mongolia () to Albania () (2022)

Market Competitiveness

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

Comparative Advantage Albania - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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