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2022
Flag → Flag
Exports $374Rnk 131 / 144
2022
Flag → Flag
Top Product $251Soap
2022
Flag → Flag
Exports $22.1kRnk 78 / 113
2022
Flag → Flag
Top Product $20.7kKnit Sweaters
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$3.35BCURRENT US$
Rnk 159 / 186
2012-2022
Flag
GDP GROWTH5.12%CURRENT US$
Rnk 155 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $41,993CURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP PC GROWTH-6.48%CURRENT US$
Rnk 157 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Andorra-Mongolia Trade: In 2022, Andorra exported $374 to Mongolia. The main products that Andorra exported to Mongolia were Soap ($251) and Knit T-shirts ($123). Over the past 5 years the exports of Andorra to Mongolia have decreased at an annualized rate of 17.3%, from $967 in 2017 to $374 in 2022.

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

Mongolia-Andorra Trade: In 2022, Mongolia exported $22.1k to Andorra. The main products that Mongolia exported to Andorra were Knit Sweaters ($20.7k), Knit Babies' Garments ($463), and Knit Women's Suits ($365). Over the past 5 years the exports of Mongolia to Andorra have increased at an annualized rate of 144%,  from $255 in 2017 to $22.1k in 2022.

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

Comparison In 2022,  Andorra ranked 174 in total exports ($407M), and does not have data regarding Economic Complexity Index. 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
Value

In 2022, Andorra exported $374 to Mongolia. The main products exported from Andorra to Mongolia were Soap ($251) and Knit T-shirts ($123). During the last 5 years the exports of Andorra to Mongolia have decreased at an annualized rate of 17.3%, from $967 in 2017 to $374 in 2022.

In 2017, Mongolia exported $22.1k to Andorra. The main products exported from Mongolia to Andorra were Knit Sweaters ($20.7k), Knit Babies' Garments ($463), and Knit Women's Suits ($365). During the last 5 years the exports of Mongolia to Andorra have increased at an annualized rate of 144%, from $255 in 2022 to $22.1k in 2017.

Exports from Andorra (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to Andorra (Flag) (2022)

Market Competitiveness

Color
Andorra
Top DestinationSpain$297M
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Andorra than Mongolia included Spain ($297M), France ($25.5M), and Norway ($4.83M).

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

Difference in imports from Mongolia (Flag) and Andorra (Flag) (2022)

Comparative Advantage Andorra - Mongolia

Flow
Scale

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

During 2022, Andorra had a large net trade with Mongolia in the exports of Chemical Products ($251) and Textiles ($123).

During 2017, Mongolia had a large net trade with Andorra in the exports of Textiles ($22.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Andorra (Flag) and Mongolia (Flag) (2022)

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