Burundi (BDI) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Burundi-Mongolia Trade: In 2022, Burundi exported $44 to Mongolia. The main products that Burundi exported to Mongolia were Centrifuges ($44). Over the past 7 years the exports of Burundi to Mongolia have increased at an annualized rate of 5.62%, from $30 in 2015 to $44 in 2022.

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

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

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

Comparison In 2022, Burundi ranked 190 in total exports ($187M), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Burundi exported $44 to Mongolia. The main products exported from Burundi to Mongolia were Centrifuges ($44). During the last 7 years the exports of Burundi to Mongolia have increased at an annualized rate of 5.62%, from $30 in 2015 to $44 in 2022.

Mongolia does not register exports to Burundi.

Exports from Burundi () to Mongolia () (2022)

Exports from Mongolia () to Burundi () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burundi
Top DestinationUnited Arab Emirates$59.9M

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Burundi than Mongolia included United Arab Emirates ($59.9M), Democratic Republic of the Congo ($25.7M), and Sudan ($9.21M).

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

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

Comparative Advantage Burundi - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Burundi had a large net trade with Mongolia in the exports of Machines ($44).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Burundi Mongolia+$1.91kRefined Petroleum

Top Product Potential Mongolia Burundi+$1.53kCoal 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 Burundi and Mongolia. This means that a dot/product with the flag of Burundi indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Burundi.

About

Historical Data

Bilateral Trade by Products

Exports from Burundi () to Mongolia () (2022)

Exports from Mongolia () to Burundi () (2022)

Market Competitiveness

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

Comparative Advantage Burundi - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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