Sign In
Pricing

2022
Flag → Flag
Exports $16.5MRnk 157 / 222
2022
Flag → Flag
Top Product $2.78MApples and Pears
2022
Flag → Flag
Exports $5.28MRnk 18 / 113
2022
Flag → Flag
Top Product $4.68MOther Ores
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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 $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Belgium-Mongolia Trade: In 2022, Belgium exported $16.5M to Mongolia. The main products that Belgium exported to Mongolia were Apples and Pears ($2.78M), Vaccines, blood, antisera, toxins and cultures ($2.54M), and Chocolate ($1.8M). Over the past 5 years the exports of Belgium to Mongolia have increased at an annualized rate of 11.6%, from $9.54M in 2017 to $16.5M in 2022.

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

Mongolia-Belgium Trade: In 2022, Mongolia exported $5.28M to Belgium. The main products that Mongolia exported to Belgium were Other Ores ($4.68M), Prefabricated Buildings ($309k), and Knit Sweaters ($193k). Over the past 5 years the exports of Mongolia to Belgium have increased at an annualized rate of 29.5%,  from $1.45M in 2017 to $5.28M in 2022.

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

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

April, 2024

About

Overview In April 2024, Belgium exported €2.26M and imported €15.2k from Mongolia, resulting in a positive trade balance of €2.24M. Between April 2023 and April 2024 the exports of Belgium have increased by €584k (34.9%) from €1.68M to €2.26M, while imports increased by €14.1k (1.23k%) from €1.15k to €15.2k.

Trade In April 2024, the top exports of Belgium to Mongolia were Edible fruits, nuts & fruit peels (€195k), Optical, photo, & film equipment; medical... (€194k), Pharmaceutical products (€95.6k), Edible products of animal origin, n.e.s. (€78.5k), and Machinery, mechanical appliances, & parts (€33.7k). In April 2024 the top imports of Belgium from Mongolia were Knitted clothing accesories (€2.36k), Machinery, mechanical appliances, & parts (€2.22k), Books, newspapers, & other prints (€2.05k), Used clothes & textile articles (€610), and Electrical machinery and electronics (€32).

Growth In April 2024, the increase in Belgium's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Optical, photo, & film equipment; medical... (€117k or 152%), Pharmaceutical products (€91k or 1.96k%), and Edible fruits, nuts & fruit peels (€40.6k or 26.2%). In April 2024, the increase in Belgium's year-by-year imports  from Mongolia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (April 2023 - April 2024)€584k(34.9%)
IMPORT GROWTH (April 2023 - April 2024)€14.1k(1.23k%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Mongolia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $16.5M to Mongolia. The main products exported from Belgium to Mongolia were Apples and Pears ($2.78M), Vaccines, blood, antisera, toxins and cultures ($2.54M), and Chocolate ($1.8M). During the last 5 years the exports of Belgium to Mongolia have increased at an annualized rate of 11.6%, from $9.54M in 2017 to $16.5M in 2022.

In 2017, Mongolia exported $5.28M to Belgium. The main products exported from Mongolia to Belgium were Other Ores ($4.68M), Prefabricated Buildings ($309k), and Knit Sweaters ($193k). During the last 5 years the exports of Mongolia to Belgium have increased at an annualized rate of 29.5%, from $1.45M in 2022 to $5.28M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Belgium than Mongolia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Mongolia than Belgium included China ($10.6B).

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

Comparative Advantage Belgium - Mongolia

Flow
Scale

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

During 2022, Belgium had a large net trade with Mongolia in the exports of Chemical Products ($5.09M), Vegetable Products ($2.97M), and Foodstuffs ($2.69M).

During 2017, Mongolia had a large net trade with Belgium in the exports of Mineral Products ($4.68M), Miscellaneous ($309k), and Textiles ($260k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Mongolia+$2.31MVaccines, blood, antisera, toxins and cultures
Top Product Potential Mongolia Belgium+$351kKnit 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms