Austria (AUT) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Austria-Mongolia Trade: In 2023, Austria exported $39.5M to Mongolia. The main products that Austria exported to Mongolia were Large Construction Vehicles ($8.51M), Medical Instruments ($6.22M), and Cars ($5.66M). Over the past 5 years the exports of Austria to Mongolia have increased at an annualized rate of 12.3%, from $22.1M in 2018 to $39.5M in 2023.

In 2023, Austria did not export any services to Mongolia.

Mongolia-Austria Trade: In 2023, Mongolia exported $4.15M to Austria. The main products that Mongolia exported to Austria were Animal Organs ($3.39M), Knit Sweaters ($496k), and Knit Women's Suits ($43.8k). Over the past 5 years the exports of Mongolia to Austria have decreased at an annualized rate of 6.01%, from $5.66M in 2018 to $4.15M in 2023.

In 2023, Mongolia did not export any services to Austria.

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Austria exported $39.5M to Mongolia. The main products exported from Austria to Mongolia were Large Construction Vehicles ($8.51M), Medical Instruments ($6.22M), and Cars ($5.66M). During the last 5 years the exports of Austria to Mongolia have increased at an annualized rate of 12.3%, from $22.1M in 2018 to $39.5M in 2023.

In 2018, Mongolia exported $4.15M to Austria. The main products exported from Mongolia to Austria were Animal Organs ($3.39M), Knit Sweaters ($496k), and Knit Women's Suits ($43.8k). During the last 5 years the exports of Mongolia to Austria have decreased at an annualized rate of 6.01%, from $5.66M in 2023 to $4.15M in 2018.

Exports from Austria () to Mongolia () (2023)

Exports from Mongolia () to Austria () (2023)

Latest Data

Trade between Austria () and Mongolia ()

Austria Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Austria than Mongolia included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Mongolia than Austria included China ($13.1B).

Difference in imports from Mongolia () and Austria () (2023)

Comparative Advantage Austria - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Austria had a large net trade with Mongolia in the exports of Machines ($12M), Instruments ($9.3M), and Transportation ($6.71M).

During 2018, Mongolia had a large net trade with Austria in the exports of Animal Products ($3.39M), Textiles ($670k), and Arts and Antiques ($27k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Mongolia+$4.54MCars

Top Product Potential Mongolia Austria+$267kKnit Sweaters

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Mongolia () (2023)

Exports from Mongolia () to Austria () (2023)

Latest Data

Trade between Austria () and Mongolia ()

Austria Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Austria () (2023)

Comparative Advantage Austria - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Mongolia () (2023)

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